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Should a Foreign-Invested RMB Fund Be Established and Managed by a Management Company in China?
AltAssets
Authors:
Michael G. Wu, Judy Deng
Currently, most yuan-denominated private equity and venture capital funds in China—RMB funds—with at least one non-Chinese investor are managed by entities located outside of China.In this article, which originally appeared in the November 16, 2010 issue of AltAssets, Pillsbury corporate & securities attorneys Michael Wu and Judy Deng summarize some of the issues that a non-Chinese sponsor of an RMB fund should consider prior to forming a fund management company in China to manage it.
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