Keywords: Fund Management, PRC, Beijing,
Foreign-Invested Equity, Investment Fund Management Enterprises,
Municipal Commerce Commission, Municipal Finance
Bureau, interim measures
The Interim Measures on Foreign-Invested Equity Investment Fund
Management Enterprises, issued jointly by the Beijing Municipal
Administration of Industry and Commerce , the Municipal Commerce
Commission, the Municipal Finance Bureau and the Municipal
Development and Reform Commission, came into effect on 1 January
The Interim Measures set out the requirements for foreign
invested investment managers to operate in Beijing in the legal
form of a partnership, a joint venture or a wholly foreign owned
enterprise established in accordance with PRC law. For these
purposes, a foreign invested entity includes foreign investment
from Hong Kong, Macau and Taiwan.
The regulation of foreign invested investment managers is the
joint responsibility of four bodies, namely, the Municipal
Development and Reform Commission, the Municipal Commerce
Commission, the Municipal Administration of Industry and Commerce
and the Municipal Finance Bureau.
The following requirements are specified in the Interim
The entity must have at least USD 2 million in registered
The entity's scope of business must be limited to fund
The entity must employ at least two key personnel of good
repute and record with more than two years of relevant
These Interim Measures shall be in place until 31 December
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