Regulation
CSRC to tighten surveillance on IPO applicants
The China Securities Regulatory Commission (CSRC), under the pressure to clamp down on corporate fraud, plans to introduce a formal examination process of the 2012 financial reports of companies seeking a public listing.
China's B-share exodus
China International Marine Containers’ landmark B-share to H-share conversion could be the first of many such migrations. Does Hony Capital’s participation point to a role for private equity?
Private equity remains unregulated under China's new fund law
Private equity and venture capital have been omitted from China's revised Securities Investment Funds Law, which comes into effect in June. This means the asset class will remain largely unregulated.
China take-privates: A challenging proposition
Management buyouts of US-listed Chinese companies are all the rage, but these transactions present unique challenges in terms of execution. Only the good survive.
VIDEO: Paul Strecker of Shearman & Sterling
The Chinese government's decision to allow overseas private equity investments by domestic insurers will be a boon for global fundraising, according to Paul Strecker, head of Shearman & Sterling's Asia M&A group
China eases restrictions on mutual funds to include private vehicles
China is planning to bolster the equities market by allowing brokerages and insurers’ asset management units to launch mutual funds. “Sunshine” funds, which traditionally invest privately raised capital in listed companies, will also be eligible.
China removes QFII cap on sovereigns, central banks
China's State Administration of Foreign Exchange (SAFE) has removed the $1 billion limit on quotas for sovereign wealth funds, central banks and monetary authorities under the Qualified Institutional Investor (QFII) program.
Hong Kong tightens rule for IPO sponsors
The Securities and Futures Commission (SFC), Hong Kong’s stock market regulator, is looking to strengthen investor protection by tightening regulations on IPO sponsors. Under the new regulation, sponsors will be made liable for civil and criminal action...
Lone Star starts arbitration proceedings against Korean government
Lone Star Funds has initiated arbitration of its claim for damages suffered as a result of alleged unlawful intervention by the Korean government with the private equity firm’s rights as a major shareholder in Korea Exchange Bank (KEB) and other companies...
Castle Harlan bid-rigging case goes before Australian court
A deal involving a Canadian mining services company that was bought and sold by US private equity firm Castle Harlan on the same day has gone before an Australian court.
India Infoline gets approval for three funds
India Infoline has received approval from The Securities and Exchange Board of India (SEBI) to launch its three alternative investment funds (AIFs) – IIFL Venture Fund, IIFL Private Equity Fund and IIFL Opportunities Fund.
SEBI settles charges against power sector VC fund
The Securities and Exchange Board of India (SEBI) has agreed to a INR3.7 million ($69,000) settlement against power sector venture capital fund Small is Beautiful for its alleged violation of venture capital investment regulations.
PE & PR: Private equity's public face
Private equity is more entrenched and better understood in some Asian markets than others. What do the various stakeholders - entrepreneurs, government, media, public - make of the asset class?
PE & PR: Sustainable alpha
Increasing numbers of PE firms are upping their commitment to environmental and social governance issues at future and existing portfolio companies. What’s their motive?
PE & PR: A good citizen
Private equity globally is under more scrutiny from more directions than ever before, placing a higher value on good branding and reputation. Does the asset class also suffer from the same profile problem in Asia?
Asia fundraising: In Volcker's shadow
With the Volcker Rule and Basel III compliance forcing US financial institutions to pull back from private equity, some Asian GPs are in a state of flux. New fundraising strategies are required
CIRC implements new rule on foreign PE investments
The China Insurance Regulatory Commission (CIRC) has issued the long-awaited regulation on overseas investments made by domestic insurers, including commitments to private equity funds. Qualified insurance companies are now permitted to invest in 25 developed...
Taiwan's SinoPac to enter fund admin business
Taiwanese financial services company SinoPac plans to set up a fund administration unit in Hong Kong targeting private equity and hedge funds with less than $100 million in assets under management.
Japan mulls bank rule change, prompts protectionist fears
The Japanese Government is considering altering regulations to allow banks to own larger stakes in Japanese companies, prompting fears of protectionism among the private equity community.
Shanghai allows offshore RMB to participate in private equity
Shanghai has reportedly given a green light for foreign players to invest in unlisted Chinese companies using renminbi capital raised offshore. The Renminbi Qualified Foreign Limited Partner (RQFLP) initiative is part of China’s efforts to promote the...
AVCJ daily bulletin returns October 24
There will be no AVCJ bulletin on October 23 due to a public holiday in Hong Kong marking the Chung Yeung Festival.
Majmudar & Partners makes new hire
Majmudar & Partners, an international law firm based in Mumbai, has appointed Christopher Krishnamoorthy as an associate partner.
Bankrupt Woongjin halts $1.1b Coway sale to MBK
MBK Partners’ KRW1.2 trillion ($1.1 billion) investment in water purifier business Woongjin Coway appears to be on shaky ground after parent company Woongjin Holdings filed for court receivership on Wednesday and put the deal on hold.
Indian regulator receives 20 applications for AIF approval
The Securities and Exchange Board of India (SEBI) has received 20 applications from fund managers for Alternative Investment Fund (AIF) status, the new regulatory classification designed to improve oversight of private equity, real estate and hedge fund...