Regulation
China opens local private funds space to foreign players
China has moved to open up its markets to overseas private fund managers by allowing wholly foreign-owned enterprises (WFOEs) and joint ventures to raise capital domestically and invest it in private companies and the stock markets.
China SOE reform: No change?
The mixed ownership model that features in China’s latest push on state-owned enterprise reform sounds exciting in theory but some private equity investors must revise their expectations in practice
Indian government announces FDI liberalization
India's government will allow unlimited foreign direct investment (FDI) in a wide range of sectors, including online grocery.
AVCAL calls for reforms ahead of Australian election
The Australian Private Equity & Venture Capital Association (AVCAL) is urging major political parties to do more to help scale up domestic companies ahead of a federal election next month.
Tax law eased for Indian start-up investments
India's Central Board of Direct Taxes (CBDT) has implemented an exemption on income taxes for investments in some start-ups.
Indian regulator nixes acquisition of PE-backed Sharekhan
India's Foreign Investment Promotion Board (FIPB) has rejected BNC Paribas' proposed acquisition of PE-backed retail brokerage Sharekhan.
China announces new rules for GPs listing on New Third Board
China’s securities regulator said it would resume its approval of qualified private equity firms listing on the National Equities Exchange and Quotations (NEEQ), while imposing tighter listing requirements.
Korea to allow publicly-raised capital into private equity
Korea’s Financial Services Commission (FSC) has announced plans to allow capital raised through public market offerings to invest in domestic private equity and real assets vehicles.
Taxing developments: India and Mauritius
Recent changes to India’s double taxation agreement with Mauritius have brought welcome clarity to the country’s private equity investors, but are also likely to require changes to their business practices
India renegotiates Mauritius tax treaty
India and Mauritius have agreed to amend their double taxation treaty (DTA) so as to allow India to levy capital gains tax on foreign investors from 2017.
Qihoo 360, CSRC speak out on backdoor listings
China's Qihoo 360 Technology, which is currently involved in a take-private deal worth $9.3 billion, has denied rumors that it held discussions with regulators over a potential domestic back-door listing.
Australian budget enhances incentives for early-stage investors
Early-stage investors in Australia will be granted a string of new tax incentives as the government continues its efforts to develop a more innovative economy.
China regulator to tighten rules on domestic PE fundraising
The China Securities Regulatory Commission (CSRC) will take further steps to regulate the domestic private fund industry in response to an acceleration in illegal fundraising activities.
Tsinghua Unigroup withdraws offer to acquire Taiwan’s SPIL
Chinese state-backed Tsinghua Unigroup has withdrawn its NT$56.8 billion ($1.7 billion) offer to acquire a stake in Silicon Precision Industries (SPIL), a Taiwanese semiconductor testing and packaging company.
India e-commerce: The return of red tape
India has unveiled significant changes to its e-commerce industry, allowing 100% foreign ownership of marketplaces but restricting these businesses control over pricing. Industry feedback is mixed
Indonesia foreign investment: Negative no more
Changes to Indonesia’s “negative list” are expected to open up the country to more foreign investment, but private equity players will have to remember to tread cautiously
Indonesia VC regulation: One step at a time
Indonesia’s government is serious about supporting VC investment, but regulatory inconsistency continues to slow development of the industry. Participants say engagement with major players is essential
India broadens e-commerce FDI rules
India's government has introduced new regulations to allow 100% foreign direct investment (FDI) in online marketplaces and limit discount offerings by e-commerce companies.
India clarifies safe harbor rules for offshore funds
India's government has clarified the "safe harbor" provision in the country's tax code in a move expected to allow offshore funds doing business in the country to operate with less tax exposure.
China and CFIUS: Regulatory risks
With Chinese outbound M&A at record levels, prospective buyers of assets in the US must be careful in assessing the possibility of regulators obstructing their deals
China PE regulation: Operation good guys
The rapid growth of online finance technology has turned China into a hotbed for illegal fundraising, with local PE fund managers drawn into the mess. Can new regulation restore investor confidence?
India budget promotes start-ups, boosts public investment
India's newest Union Budget will provide incentives to the country's entrepreneurs and a mixed bag of measures for the investment industry.
Tsinghua Unigroup abandons plan to invest in Western Digital
China’s Tsinghua Unigroup has scrapped its plan to invest in US-based disk drive manufacturer Western Digital after the US regulators decided to investigate the deal.
Australia VC: Policy power
Australia’s innovation agenda is intended to serve as the foundation stone of a technology-driven economy. Do the promises made to start-ups address areas where they want to see change?