Issued: September 20 2012
Effective: November 1 2012
Main contents: When calculating the percentage of foreign-owned equity in a Sino-foreign equity joint venture fund management company, if there is some foreign investment in the domestic shareholder then, in principle, the foreign shareholding percentage in the domestic shareholder of the joint venture shall be multiplied by its equity percentage in the joint venture and then added to the shareholding percentage (directly held) of the foreign shareholder of the joint venture.
China Securities Regulatory Commission, Provisions on Issues Relevant to the Implementation of the «Measures for the Administration of Securities Investment Fund Management Companies»
中国证券监督管理委员会关于实施〈证券投资基金管理公司管理办法〉有关问题的规定
The foreign shareholding in the domestic shareholder should be included whencalculating the total foreign shareholding of a joint venture fund managementcompany.
By
CLP Temp