• Comparative Analysis of Local Rules Regarding Formation of Private Equity Funds and Management Companies in China
  • September 1, 2010 | Author: Tony Zhang
  • Law Firm: Greenberg Traurig, LLP - Shanghai Office
  • Against the backdrop of a huge amount of domestic liquidity from both state-owned and non-state enterprises, the launch of the long-awaited Growth Enterprise Market (GEM) in Shenzhen at the end of 2009 and the continued growth of private equity investment activity in China, China’s four major cities, Beijing, Shanghai, Shenzhen and Tianjin, continue to compete to become China’s hub for the formation of both domestic and foreign-invested equity investment fund enterprises (EIFEs) and equity investment management enterprises (EIMEs) with the promulgation of various local rules and incentive policies for the formation of EIFEs and EIMEs. This GT Alert discusses national and local rules regarding and incentives for the formation of EIFEs and EIMEs from a comparative perspective.