Key policy changes under new notice on investment in private equity funds

By Zhang Xianzhong, AnJie Law Firm
0
1835

China Insurance Regulatory Commission (CIRC) issued the Notice on Matters Related to the Establishment of Insurance Private Equity Funds on 10 September. The private equity industry is poised to benefit from the policy changes under the notice, and welcome a number of new players with deep pockets. This column will briefly overview the key points of the notice.

张先中 Zhang Xianzhong 安杰律师事务所 合伙人 Partner AnJie Law Firm
张先中
Zhang Xianzhong
安杰律师事务所
合伙人
Partner
AnJie Law Firm

Q: What are the main policy changes under the new notice?

A: Previously, the main policy governing the investment of insurance capital in private equity (PE) funds was the Provisional Measures for Equity Investment with Insurance Funds issued by the CIRC on 31 July 2010.

Pursuant to the interim measures, insurance capital could invest in PE investment funds meeting certain requirements only in their own capacity as an active investor. Insurance capital which was acting a passive investor was unable to actively sponsor and manage a private equity fund.

You must be a subscribersubscribersubscribersubscriber to read this content, please subscribesubscribesubscribesubscribe today.

For group subscribers, please click here to access.
Interested in group subscription? Please contact us.

你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章,欢迎成为我们的订阅会员成为我们的订阅会员

已有集团订阅,可点击此处继续浏览。
如对集团订阅感兴趣,请联络我们

Zhang Xianzhong is a partner of AnJie Law Firm

Anjie Logo

北京市朝阳区东方东路19号院5号楼

亮马桥外交办公大楼D1座19层

邮编: 100600

19/F Tower D1, Liangmaqiao Diplomatic Office Building, 19 Dongfang East Road

Chaoyang District, Beijing 100600 China

电话 Tel: +86 10 8567 5988

传真 Fax: +86 10 8567 5999

电子信箱 E-mail:

zhangxianzhong@anjielaw.com

www.anjielaw.com