Private Equity and Venture Capital

• Announcement on Continuing Implementation of the Income Tax Policy for Individual Partners of Venture Capital Firms

  关于延续实施创业投资企业个人合伙人所得税政策的公告

  Favorable tax policy for venture capital firms is extended to 2027.

  September 17, 2023

• In the News: Sensitive Technologies Targeted in US Outbound Investment to China; New Rules Kill Small Investment Funds; and Medical IPOs under Close Scrutiny

  Biden's new Executive Order simplifies the proposed "Reverse CFIUS" review process of outbound investment into China; Small hedge funds in China are threatened with a minimum asset requirement; and Shanghai Stock Exchange further scrutinizes medical companies as an anti-corruption campaign intensifies.

  August 17, 2023

  

• The Impact of the Regulation on the Supervision and Administration of Private Investment Funds

  James Yong Wang and Ziyang Li from Jingtian & Gongcheng examine an unprecedented and significant new Regulation which represents the beginning of a new stage for the private investment fund industry in China

  August 01, 2023

  

• In-House Insights: Impact of US Sanctions and Tech Controls

  Edward Tung, legal counsel for Hong Kong-based venture capital firm ORI Capital, discusses his firm's response to U.S. sanctions on Chinese companies, U.S. restrictions targeting foreign companies, artificial intelligence laws in China, and new ESG guidelines.

  July 10, 2023

  

• Secondary Solutions in Asia: Navigating Regulatory Clampdowns

  Geoffrey Chan and Brian Wong of Skadden, Arps, Slate, Meagher & Flom highlight the recent U.S. Securities and Exchange Commission (SEC) developments regarding secondaries transactions and considerations that private equity general partners (GPs) should bear in mind when contemplating liquidity solutions in the PE secondary market

  June 09, 2023

  

• In the News: Tech Entrepreneurs Leaving China to Expand into US; Hong Kong Launches its New Crypto Regime; and China Proposes New Rules to Reduce Private Fund Risks

  Chinese tech entrepreneurs are considering moving out of China in order to overcome U.S. tech restrictions; Hong Kong publishes guidelines for virtual asset operators and the licensing process; and China's proposal to impose restrictions on private securities funds causes controversy.

  June 07, 2023

  

• Asset Management Association of China, Guidelines for the Operation of Private Securities Investment Funds (Draft for Comments)

  中国证券投资基金业协会私募证券投资基金运作指引 (征求意见稿)

  AMAC sets out offering and existence thresholds for private securities investment funds

  June 02, 2023

• Asset Management Association of China, Guidelines for the Record Filing of Pilot Private Immovable Property Investment Funds (Trial Implementation)

  中国证券投资基金业协会不动产私募投资基金试点备案指引 (试行)

  AMAC encourages foreign investment in private immovable property investment funds via QFLP

  March 13, 2023

• In the News: China Plans to Stop Using Big Four; Regulators Increase Control Over International Data Transfers; and Private Equity Funds Used to Boost Real Estate Sector

  Chinese state-owned enterprises urged to stop using Big Four due to data security concerns; small Chinese businesses to be subject to international data transfer requirements; and China encourages foreign investment in the real estate sector through private equity funds.

  March 01, 2023

  

• Asset Management Association of China, Measures for the Registration and Record Filing of Private Investment Funds (Draft for Comment)

  中国证券投资基金业协会私募投资基金登记备案办法 （征求意见稿）

  AMAC imposes more stringent record filing requirements for PE funds

  February 24, 2023