Pudong Takes the Lead in Permitting Foreign Private Equity Investment Management Companies to Open Shop in Shanghai

July 07, 2009
Following Shanghai’s announced intention to open its doors to foreign private equity and growth capital firms, the Pudong New District of Shanghai has released provisional rules incentivizing foreign private equity investment management companies to form subsidiaries or Sino-foreign joint ventures. This update examines the new rules, which represent a significant step toward the liberalization promised to private equity and growth capital firms.