Circular on Promoting the Compliant Development of Equity Investment Enterprises

关于促进股权投资企业规范发展的通知

NDRC issues the first nationwide circular on private equity investment enterprises regulating the establishment of equity investment enterprises and limitation on the number of investors.

(Issued by the General Office of the National Development and Reform Commission on, and effective as of, November 23 2011.)

Fa Gai Ban Cai Jin [2011] No.2864

General offices of the people's governments of the provinces, autonomous regions and municipalities directly under the central government, and the General Office of the Xinjiang Production and Construction Corps:

(国家发展改革委办公厅於二零一一年十一月二十三日发布实施。)

发改办财金 [2011] 2864号

各省、自治区、直辖市人民政府办公厅、新疆生产建设兵团办公厅：

With a view to regulating the operation and the record filing administration of equity investment enterprises (including equity investment funds of funds that invest in equity investment enterprises) established in the People's Republic of China and engaging in investment in the equity of enterprises that are not publicly traded, and promoting the compliant development of equity investment enterprises, we hereby notify you on relevant matters as follows:

1. Regulating the establishment of, the raising of capital by, and the investment sector of, equity investment enterprises

为规范在中华人民共和国境内设立的从事非公开交易企业股权投资业务的股权投资企业（含以股权投资企业为投资对象的股权投资母基金）的运作和备案管理，促进股权投资企业规范发展，现就有关事项通知如下：

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