- Private Fund Managers, WFOE
-Chinese regulators have released a number of new rules for private fund managers, effective now
-Prospective AMAC-registered WFOEs should follow this new rulebook closely
Update: Now that investment management WFOEs can register to run private funds and the first private fund manager (PFM) has been granted a mutual fund company license, the next question is how to actually go about it. Execution just became a whole lot more important. The road from establishing and registering a PFM through to conducting retail fund business – in the biggest fund market in Asia – is now much clearer. Details on execution have been trickling in over the past six months with a raft of rules being released successively by the Asset Management Association of China (AMAC) and CSRC; the most recent of these became effective last Friday. Z-Ben Advisors believes foreign managers with aspirations to do the whole range of China fund business should be mindful of these (and future) regulatory improvements and make sure to tick all the boxes.
And the boxes are stacking up. For those in the pipeline for an investment management WFOE…
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