Regulation
Hong Kong tax: A life less certain
Hong Kong introduced legislation intended to give private equity investors greater tax certainty, but the implementation guidelines have moved it further from this goal. The implications could be wide-ranging
Asia fintech hubs: Head start
Singapore's move to strengthen its financial technology ecosystem underlines the importance of creating appropriate infrastructure and incentives for start-ups in the space
Singapore to ease regulations on start-ups as part of fintech push
Singapore is promising to provide venture capital firms with streamlined approval processes and tailored incentives as part of efforts to develop the fundraising landscape for local start-ups.
Tech & government: Living laboratories
As governments of Southeast Asia’s emerging economies look to create more workable VC policy environments, start-ups and investors have proliferated across a patchwork of imperfect systems
Tech & government: 20 years of early days
Since the dawn of the internet in the mid-1990s spurred a global rebalancing of economic power, Asia’s newest VC heavyweights have raised questions as to how this technology-driven shift will be governed
Hong Kong tax policy: An unfortunate first
Hong Kong is the only major international center openly seeking to treat carried interest as income rather than capital gain for tax purposes. The private equity industry wants to know where it stands
Asia PE-backed IPOs: Fits and starts
Development has been inconsistent in Asia’s IPO markets, with frequent pacing issues and challenges unique to each region. But in the right hands, they can still be highly rewarding for PE investors
Australia's FIRB head delays Carlyle move
The chairman of Australia’s Foreign Investment Review Board (FIRB), Brian Wilson, has delayed taking up an advisory role with The Carlyle Group until his term with the regulator ends.
China regulation: Low-gear revolution
A nationwide extension of the relaxed foreign investment policies available in China's free trade zones should simplify a cumbersome deal-making environment. Wider sector openings, however, remain on hold
China launches $52.5b SOE restructuring fund
China has launched a RMB350 billion ($52.5 billion) private equity fund to restructure state-owned enterprises (SOEs) as part of efforts to improve operational efficiency and encourage industry consolidation.
CPPIB to assist China on pension policy reform
Canada Pension Plan Investment Board (CPPIB) has signed an agreement with China’s National Development & Reform Commission (NDRC) to provide assistance to policymakers as they address the challenges presented by an aging population.
Taiwan regulator postpones decision on CNS deal
The Taiwan government has declined to approve the acquisition of cable television provider China Network Systems (CNS) by Morgan Stanley Private Equity Asia (MSPEA) and Far EasTone Telecommunications, asking the National Communications Commission (NCC)...
Taiwan regulation: Forward views, sideways moves
The Taiwan government is attempting to reconcile its conservative tendencies with a need for innovation as the local venture capital industry marks mixed progress in filling an early-stage vacuum
Indian government commits $75m to domestic start-ups
The Indian government has made a fresh INR5 billion ($75 million) commitment to its Startup India campaign, which aims to drive bank financing for early-stage companies while offering workshop and incubator services.
LPs want GPs to show comprehensive approach to ESG - AVCJ Forum
Private equity firms need to incorporate environmental, social and governance (ESG) considerations into their investment strategies – and do so in a long term, end-to-end manner, LPs told the AVCJ ESG Forum.
China's State Council proposes better deal for foreign VC firms
Foreign venture capital investors will receive equal treatment to their domestic counterparts as part of efforts to boost funding for start-ups, according to the Chinese government.
China state asset manager launches $30b VC fund
Chinese Reform Holdings Corporation (CRHC), a Chinese state-owned asset manager, has launched a government-backed venture capital fund with a target of RMB200 billion ($30 billion).
Chinese consortium further scales back Opera deal to $575m
A PE-backed Chinese consortium has agreed to scale back its ongoing acquisition of the web browser business of Norway’s Opera Software to a value of $575 million. It follows a renegotiation earlier this year that agreed a $600 million deal as an alternative...
Korean brokerage wins license to launch PE arm
South Korean brokerage NH Investment & Securities has been awarded a license to launch a private equity investment unit.
China’s AMAC clamps down on domestic private funds
The Asset Management Association of China (AMAC) – an industry body set up by the securities regulator – has cancelled the registrations of more than 10,000 domestic private fund firms in the past six months as part of ongoing efforts to combat illegal...
Chinese regulator to ban domestic VC firms from investing in A-shares
The Chinese government is considering new policies that could ban VC firms from investing in A-share listed companies, a senior official from the China Securities Regulatory Commission (CSRC) told an industry conference.
Chinese consortium agrees scaled back Opera deal
A PE-backed Chinese consortium has agreed a $600 million acquisition of the web browser business of Norway’s Opera Software after a full takeover bid worth $1.2 billion failed to attain government approval.
Not-so private equity: An industry responds to US regulation
As regulatory pressure to increase fee transparency among US private equity funds ramps up, the industry will have to learn how to follow new rules, even as they’re being formed
American dreams: China targets US semiconductor assets
Chinese interest in semiconductor assets has again put the Committee on Foreign Investment in the US under the spotlight. Not all deals get through, but corporate China is generally braver and better informed