(China Alert) WFOE PFMs: What everyone is asking
-Regulations have only provided clarity on initial registration.
-Global managers must consider a broad base of regulations and guidelines to discern what is feasible.
Update: Now that global managers can enter the private fund industry in China, attention is turning to how to actually set up and raise money. While registration with the industry body (AMAC) for a wholly-foreign owned or investment management entity, rather than investment advisory, has been explicitly addressed, global managers will find more questions were raised than answered in the recently-issued guidelines. While some answers can be found within the existing set of framework of private fund regulations from AMAC, others will require future clarification. Nevertheless, making plans that comply with various local market regulations is essential to this new business venture, both in the near- and long-term.
The basis for addressing the questions regarding foreign-owned private funds is …
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