More relaxation for renminbi funds

A recent circular relaxes approval authority for foreign-invested venture capital funds. It is the latest in a line of regulatory changes which may create a useful foreign exchange control niche for these enterprises. By Richard Guo, Stephanie Zhu and Flora Qian, Fangda Partners.

9 minute readMay 09, 2009 at 12:58 AM

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Ever since the introduction of the concept of a foreign-invested venture capital investment enterprise (FIVCIE) in 2001 (and again in 2003), this form of organisation has become the

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