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The State Administration of Foreign Exchange has issued a new Circular (Circular 7) to clarify the extent of its supervision over the implementation of share incentive plans (SIPs) in China by overseas-listed companies.  Unlike prior regulations which were...

Shortly after China launched the Renminbi Qualified Foreign Institutional Investor (RMB QFII) Scheme in December 2011, the State Administration of Foreign Exchange and the People's Bank of China have issued their own circulars to elaborate on the implementation...

中国在2011年12月出台人民币合格境外机构投资者(人民币 QFII)计划后不久，国家外汇管理局、中国人民银行各自发出通知阐明计划的实施。在实际操作上，香港证券及期货事务监察委员会批准了五支人民币 QFII基金，有关基金不久便会推出。基于这些重大发展，本所更新了2011年12月简报的内容，论述了该两份通知的内容以及其对计划在实施上的影响。

2012-01-06T08:56:21.000Z

继上海和北京，天津已成为第三个颁布当地法规以开展私募股权投资试点工作的直辖市。符合资格的外商投资私募股权基金和外商投资股权管理机构能豁免股权投资方面的特定外汇管制。合格境外有限合伙人(QFLP)所投资的外商投资基金可在特定额度内，将外汇兑换成人民币进行私募股权投资。此份简报概述上述天津市试点工作的细节，介绍取得合格境外有限合伙人(QFLP)、试点企业和试点管理机构资格的资质要求，并探讨现有的结汇限制。另外，此份简报就天津、上海和北京的试点工作作出比较，以方便读者参考。

Following Shanghai and Beijing, Tianjin has become the third municipality promulgating local legislation to launch its own pilot programme to promote private equity investments. Qualified foreign-invested private equity funds and foreign-invested equity management...

On 16 December 2011, the China Securities Regulatory Commission, the People's Bank of China and the State Administration of Foreign Exchange jointly issued a set of measures to launch the long-awaited Renminbi Qualified Foreign Institutional Investor (RMB...

In order to combat increasing fund-raising scams, the Tianjin municipal government has issued new measures to tighten the regulation of its RMB private equity funds, whether established by foreign or domestic managers. This briefing explains the background to Tianjin's...

In order to combat increasing fund-raising scams, the Tianjin municipal government has issued new measures to tighten the regulation of its RMB private equity funds, whether established by foreign or domestic managers. This briefing explains the background to Tianjin's...

In March 2011, China released guidelines on how commercial banks may conduct insurance agency business in China. This client briefing looks at the framework of the guidelines, based on the need for stable cooperation of agency relationship between insurance companies...