Overview

In January, the National Development and Reform Commission issued the Notice on Further Regulating the Development and Filings of Equity Investment Enterprises in pilot areas. The notice, which was publicly released and took effect in February, applies to equity investment enterprises (EIEs) registered in Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang and Hubei (pilot areas) and to the equity management enterprises that manage these EIEs.

While it raises several unanswered questions, the notice provides much needed guidance on the regulation of RMB private equity funds and may mark the beginning of a centrally administered regulatory framework for such funds.

To read the report, click View Briefing.