Tianjin Launches PE Policy Experiment for Foreign

ĦĦĦĦBohai Morning Post (by Zhang Zhaorui) - reporter learnt yesterday that four government departments including Tianjin Development and Reform Commission and Tianjin Financial Office have jointly released the "Interim Procedures for the Pilot QFLP and the Management Authority" and the relevant implementing regulations (shortened as "Interim Procedures"),and Binhai New Area is prior to carry and try the pilot program.

ĦĦĦĦAccording to Mr. Liu Rui, Executive Vice Secretary-General of Tianjin Private Equity Association, the "Interim Procedures" is released in an effort to take into consideration of the reality of PE and the relevant administrative authorities in Tianjin,and break the policy barriers for them. For instance, the "Interim Procedures" is quite specific about the establishment, fund-raising and investment,risk control, information disclosure,and record management and so on of QFLP and PE fund management enterprises, which will be helpful for further standardizing the the PE fund industry in Tianjin.

ĦĦĦĦBesides, in an effort to promote the economic development of Tianjin, the "Interim Procedures" made a special mention of "the PE

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