This article appears courtesy of Institutional Investor
Source: Institutional Investor Daily-Hedge Funds
China’s State Administration for Foreign Exchange is playing it SAFE by making it even harder for private equity firms and venture capitalists to invest in Mainland companies, according to Asian PE News. Teaming up with the Ministry of Commerce, SAFE introduced new rules that require every resident of China to get SAFE approval for business plans that involve overseas holding companies, including all deal structures — and it’s retroactive, to boot.
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