2022-11-30-环球律师事务所-另类基金法律与实践之中国篇（英）_17页_898kb

The China chapter in Chambers Global Practice Guides' Alternative Funds 2022 provides a comparative analysis of the legal and regulatory framework for private investment funds, authored by Yuan Yuan, Tony Liu, Jinghe Wang, and Zhihong Jian of Global Law Office.

Key aspects covered include: (1) The industry's rapid growth under Chinese regulatory oversight, with distinct bodies supervising different aspects of asset management; (2) Fund structures typically include contractual funds, limited partnerships, or companies, with contractual funds dominant for private securities; (3) Strict regulations on Qualified Investors, including financial thresholds and registration with AMAC; (4) Prohibition on fund managers engaging in unrelated business or public solicitations; (5) Taxation rules distinguishing between corporate and pass-through structures, including withholding taxes for non-residents; (6) Requirements for fund managers regarding internal controls, qualifications, and outsourcing; (7) Compliance with CRS and FATCA for international investors; (8) Recent trends include government guidance funds, secondary fund activity, and regulatory easing.

The summary emphasizes the comprehensive legal services provided by Global Law Office, highlighting the authors' expertise in China's evolving private fund landscape.