CSRC
No date set for resuming China IPO approvals – CSRC
The China Securities Regulatory Commission (CSRC) has yet to set a timetable for resuming IPO approvals, scotching rumors that it would start pushing through new candidates in April, an official from the securities watchdog told Xinhua news agency.
China’s CSRC issues draft regulation on PE supervision
China’s securities regulator has issued draft rules that impose greater oversight on domestic private equity funds. The proposals, and in particular the watchdog role to be played by the Asset Management Association of China (AMAC), represent another...
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 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 grants private equity an A-share investment platform
China’s securities regulator has loosened restrictions on participation in the Qualified Foreign Institutional Investor (QFII) program and opened the door to private equity firms. Do they want to go through it?
China relaxes QFII rules to include private equity
Private equity firms will be allowed to apply for licenses under China's Qualified Foreign Institutional Investor (QFII) program, offering greater freedom to invest in domestic debt and equities. The move is part of wider efforts to open up and liberalize...
Goldstone Investment to launch PE fund
CITIC Securities’ direct investment arm, Goldstone Investment, has gained approval from the China Securities Regulatory Commission (CSRC) to set up a private equity fund. It makes CITIC Securities the second brokerage to win approval to raise and manage...
China to let more SMEs list in Hong Kong
China will allow more small- and medium-sized enterprises to list in Hong Kong in what could be a game changer for private equity firms seeking overseas IPO exits for portfolio companies. The move, announced at the Asian Financial Forum in Hong Kong by...
China exits: How much longer can the pre-IPO party last?
Chinese private equity funds that were drawn into the market by high public exit valuations are being given pause for thought. It represents a tipping point for Shenzhen’s ChiNext and SME Boards
Chinese regulators call for clampdown on VIE investment structures
The China Securities Regulatory Commission (CSRC) has issued an internal report asking the State Council to take action against the variable interest entity (VIE) structure that underpins much foreign investment in the country.
Chinese securities firms cleared to participate in private equity
Chinese regulators have formalized a five-year-old pilot program under which securities firms can participate in private equity, Reuters reported.
Chinese regulator considers making brokerage PE pilot program full time
A pilot program under which Chinese securities companies participate in private equity investment may be approved for full implementation. Huang Wenyuan, director of the department of institutional investors at the China Securities Regulatory Commission...
Tan-Eu and SOCAM launch real estate JV
Asian real estate fund manager Tan-Eu Capital and PRC-based, HKSE-listed ShuiOn Construction and Materials (SOCAM), have jointly closed their SoTan China Real Estate I LP club vehicle at approximately $400 million.