Private Equity and Venture Capital

U.S.-China investment flows fell to record lows during the Trump administration, but a Biden administration is unlikely to deviate from its predecessor's policy goals

CSRC tightens control on PE fund establishment and management

Global legal community rallies to support COVID-19 hit businesses with expert advice; China approves first foreign-owned asset management company following trade deal; and more measures introduced to kickstart faltering economy

Zaiguang Lu of Han Kun Law Offices and Charles Wu of Han Kun Law Offices’ Hong Kong Association Law Firm review major pieces of legislation affecting China’s PE/VC industry and offer insight about the key trends, challenges and opportunities in the sector.

Private equity investment should not be a means of lending

China, U.S. sign phase one trade deal in trade war breakthrough, but tariffs and issues remain; Reuters reports imminent first rules for online-only banks in China, foreign participation welcomed; and U.S. venture investment in China sinks to six-year low amid trade war and slowing Chinese economy

China releases regulations to improve business environment and equalize market treatment; China leads the world in number of mega-startups, report finds; and cryptography law passes ahead of digital currency roll-out

New tax incentives are issued for Chinese software and integrated circuitry companies, as international companies withdraw from Huawei’s supply chain under U.S. pressure; former head of the CSRC, Liu Shiyu, is facing a likely corruption investigation; and China’s private equity sector comes under CSRC scrutiny, with warnings issued to several firms.

Zhuhai allows foreign PE firms to raise funds in China

Venture capital firm partners may pay tax on an investment fund basis