VIDEO: Shearman & Sterling's Lorna Chen
Foreign-backed renminbi funds are likely to struggle to raise capital in China after the regulator decreed that such vehicles don’t qualify for local treatment for investment purposes, says Lorna Chen, a partner at Shearman & Sterling
"The most important thing for these funds is national treatment, which means they can get around the onerous local approval process for investments," says Chen. "Now that this has been denied by the central...
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