www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

CSRC might become sole regulator of PE, VC sector

By Cai Xiao | China Daily | Updated: 2013-05-29 08:03

Industry insiders have welcomed a planned move to designate the China Securities Regulatory Commission as the sole regulator of the country's private equity and venture capital industry, as part of a major effort to standardize the sector.

The State Commission Office for Public Sector Reform, led by Premier Li Keqiang, is considering allowing the CSRC to regulate the PE and VC sector, the Securities Times reported on Tuesday.

The sector is now regulated by the CSRC and the National Development and Reform Commission, the country's top economic planning agency.

An official at the State Commission Office for Public Sector Reform told China Daily on Tuesday that discussions are being held to find a way to designate a sole regulator for the PE and VC sector.

"If this is confirmed, I think it's an excellent move. An industry that is investing with a long-term perspective in the Chinese economy needs a unified regulatory framework and regulator to bring stability and certainty into the market," said Andre Loesekrug-Pietri, chairman of the Beijing-based European private equity company A Capital.

He added that PE professionals in China make long-term decisions and need to feel that the regulatory framework is unified and stable.

The move is also timely as it comes at a point when the PE sector in China is going through a severe correction, with 40 percent fewer transactions and a 40 percent decrease in funds raised for China-focused funds.

"Initial public offerings are a main exit way for companies with investments from PE and VC companies, and the CSRC is appropriate for regulating them," said an insider familiar with the CSRC.

"The National Development and Reform Commission has regulated the Chinese PE and VC sector for many years. However, if the CSRC becomes the sole regulator, it will also be good for the sector, as it will become more standardized," said Shan Xiangshuang, the chairman of the CSM Group, a major Chinese PE company.

The NDRC is now in charge of the registration of PE and VC companies in China.

Liu Jianjun, director of the financial affairs division of the CSRC's Department of Fiscal and Financial Affairs, was responsible for the regulation of the PE and VC sector. Liu was transferred to the CSRC's fund department this month.

In February, the CSRC released a rule stating that PE and VC companies can apply for fund management businesses, which may be implemented on June 1.

But the NDRC also released a rule in March stating that PE and VC companies are not allowed to invest in public-offered funds.

Zhao Linghuan, chief executive officer at leading Chinese PE company Hony Capital, told China Daily that he is confident in the development of the asset management sector.

"We appreciate it very much that the CSRC released the rule encouraging PE and VC companies to participate in the fund management sector. While the government agency made our business area wider, PE and VC companies now have to choose whether to engage in the new business or not," said Zhao.

Zhao said that the new NDRC regulations indicate that an investment company can have branches doing PE and VC businesses registered at the NDRC, and other branches engaged in the asset management sector.

About 40 percent of PE and VC companies in China are interested in the Chinese secondary market and would like to participate in fund management businesses, according to a recent survey by the Zero2IPO Group.

The CSRC rules state that if the value of fund products in the secondary market of a PE or VC company is worth more than 100 million yuan ($16.3 million), then that company should be registered with the Asset Management Association of China.

Twenty-nine PE and VC companies are members of the Asset Management Association of China, and 10 of them manage assets worth more than 2 billion yuan, Zero2IPO said.

caixiao@chinadaily.com.cn

 

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产乱肥老妇精品视频 | 欧美高清视频在线观看 | 国产区一区 | 久久精品国产精品青草色艺 | 在线国产视频 | 日韩精品久久久毛片一区二区 | 99精品视频在线观看免费 | 日韩免费视频播播 | 波多野一区二区三区在线 | 日朝欧美亚洲精品 | 欧美成人观看视频在线 | 免费区欧美一级毛片 | 色综合九九 | 男女午夜性爽快免费视频不卡 | 久久久久综合一本久道 | 不卡一级毛片免费高清 | 国产欧美日本 | 亚洲国产日韩欧美 | 久久骚 | 亚洲一区二区精品推荐 | 中日韩一区二区三区 | 四色6677最新永久网站 | 精品在线观看视频 | 夜晚福利网站 | 国产精品一区二区在线观看 | 精品a视频 | 91精品欧美一区二区综合在线 | 99国产在线播放 | 亚洲欧美色视频 | 久久久久欧美情爱精品 | 日本aaaa精品免费视频 | 欧美综合一区 | 久久五月女厕所一区二区 | 久久久久久综合七次郎 | 男人女人做性全程视视频 | 免费看久久 | 国产美女视频网站 | 99成人在线视频 | 成年免费在线观看 | 国产精品三级手机在线观看 | 色婷婷国产精品欧美毛片 |