New foreign partnership regulations fail to impress

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    clpstaff &clp articles

    Lack of clarity means more waiting for private equity and venture capital firms

    A new set of regulations on foreign-invested partnership enterprises may not live up to the expectations of foreign private equity houses. Those who had hoped the rules would clear the way to allow them to set up onshore renminbi funds may have to wait a little longer.

    The Measures for the Administration of the Establishment of Partnership Enterprises in China by Foreign Enterprises or Foreigners (外国企业或者个人在中国境内设立合伙企业管理办法) were approved by the State Council on December 2 2009 and take effect on March 1 2010. Although some commentators have said the new regulations are an important new development for foreign enterprises, others are not so optimistic.

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