Opening up to foreign PE fund managers

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clpstaff &clp articles

Beijing has responded to Shanghai's recent relaxation of rules in Pudong by issuing measures to allow foreign private equity fund managers to set up shop

Four local governmental entities under the Beijing Municipality issued the Tentative Measures for the Establishment of Foreign-invested Equity Investment Fund Management Enterprises in Beijing (在京设立外商投资股权投资基金管理企业暂行办法) (Beijing Interim Measures) on January 4 2010. The Measures reflect Beijing's willingness to push forward the participation of foreign private equity (PE) fund managers in the development of the PE industry in Beijing. They set out the following important provisions:

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