Pudong New Area of Shanghai Municipality, Trial Measures for the Establishment of Foreign-invested Equity Investment Management Enterprises

Issued: June 2 2009
Effective: as of the date of issuance until June 30 2010

Applicability: For the purposes of these Trial Measures, the term “foreign-invested equity investment management enterprise” means an enterprise invested in and established in Pudong New Area in the form of a Sino-foreign equity joint venture, Sino-foreign co-operative joint venture or wholly foreign-owned enterprise by a foreign company, enterprise, other economic organisation or individual that, upon appointment by an equity investment enterprise, engages in equity investment management as its main business (Article 2).

Main contents: A foreign-invested equity investment management enterprise shall be established in the form of a limited liability company. Its registered capital shall not be less than US$2 million, at least 20% of which shall be paid in within three months from the date of issuance of the business licence and the remainder of which shall be paid in in full within two years (Article 3).