This law regulates investments in overseas securities by qualified domestic institutional investors and to protect the interests of investors. Parts Two and Three set out the requirements for being a qualified domestic institutional investor (QDII), and an oversea investment consultant. Part Four deals with the custody of assets, power and duties of a custodian, and the appointment of an overseas asset custodian. Part Five is concerned with the duties and transparency of the QDII. Part Six sets out the limit of fund management.
These Tentative Measures strengthen the administration of overseas investment of insurance capital, and to protect the interests of involved parties, whilst at the same time further relaxing overseas investment of insurance capital.
Shenzhen Investment, a property developer in southern China, is also the investment arm of the Shenzhen municipal government. The company has acquired…
WuXi PharmaTech, a leading China-based pharmaceutical and biotechnology research and development outsourcing company, has made its US$212 million initial…
CC Land Holdings, a leading property developer operating in western China, recently placed 360 million existing shares at HK$8.1 per share. The placing…
Orrick, Herrington & Sutcliffe has welcomed Thomas Man, formerly a corporate partner with Baker & McKenzie, as a partner in its Beijing office. Man is…