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Jul 18, 2012

China NDRC Denies the “National Treatment” for RMB Funds with Foreign GPs

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China’s National Development and Reform Commission (“NDRC”), one of the major regulatory authorities in charge of foreign investments in the People’s Republic of China (the “PRC” or “China”), recently denied the “national treatment” of RMB funds in the form of a limited liability partnership with a foreign-invested company as general partner (“GP”) and with only PRC domestic investors as limited partners (“LPs”).

View full memo, "China NDRC Denies the “National Treatment” for RMB Funds with Foreign GPs"

Authors and Contributors

Lorna Xin Chen

Partner

Investment Funds

+852 2978 8001

+852 2978 8001

Hong Kong

Azam Aziz

Partner

Derivatives & Structured Products

+1 212 848 8154

+1 212 848 8154

New York

Nathan Greene

Partner

Investment Funds

+1 212 848 4668

+1 212 848 4668

New York

John (Sean) Finley

Partner

Investment Funds

+1 212 848 4346

+1 212 848 4346

New York

Paul Schreiber

Of Counsel

Investment Funds

+1 212 848 8920

+1 212 848 8920

New York

Laura Friedrich

Partner

Investment Funds

+1 212 848 7411

+1 212 848 7411

New York

Lee Edwards

Partner

Mergers & Acquisitions

+86 10 5922 8001

+86 10 5922 8001

Beijing

Paul Strecker

Partner

Mergers & Acquisitions

+44 20 7655 5047

+44 20 7655 5047

+852 2978 8038

+852 2978 8038

London

John Adams

Partner

Investment Funds

+44 20 7655 5740

+44 20 7655 5740

London