Legislation roundup: Securities fund management, Taiwan investments and electronic bidding

February 22, 2013 | BY

clpstaff &clp articles

The China Securities Regulatory Commission issued Tentative Provisions for securities investment fund management, while the Ministry of Commerce published Tentative Provisions over indirect investment from Taiwanese investors

Capital markets

China Securities Regulatory Commission, Tentative Provisions for the Engagement in the Public Securities Investment Fund Management Business by Asset Management Firms

中国证监会资产管理机构开展公募证券投资基金管理业务暂行规定

Private equity firms are required to have paid capital of at least Rmb10 million and have managed securities assets of at least Rmb2 billion on average each year in the past three years in order to be eligible to engage in publicly offered securities investment fund management. As for securities firms and insurance asset management companies, their asset management scale should be at least Rmb20 billion.

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