China Securities Regulatory Commission, Tentative Measures for the Administration of the Privately Raised Securities Investment Fund Business (Draft for Comments)
中国证券监督管理委员会私募证券投资基金业务管理暂行办法（征求意见稿）
May 11, 2013 | BY
CLP Temp &Issued: February 20 2013 Main contents: According to the Draft, managers of privately raised securities investment funds should have paid-in capital…
Issued: February 20 2013
Main contents: According to the Draft, managers of privately raised securities investment funds should have paid-in capital of at least Rmb10 million. A single private fund should be offered to qualified investors (such as an individual with average annual income of at least Rmb200,000 in the past three years) numbering not more than 200 participants. The amount invested in a single private fund by a qualified investor may not be less than Rmb1 million.
issued:2013-02-20Issued: February 20 2013
Main contents: According to the Draft, managers of privately raised securities investment funds should have paid-in capital of at least Rmb10 million. A single private fund should be offered to qualified investors (such as an individual with average annual income of at least Rmb200,000 in the past three years) numbering not more than 200 participants. The amount invested in a single private fund by a qualified investor may not be less than Rmb1 million.
issued:2013-02-20This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now