An Analysis of the Draft Private Fund Measures from the Perspective of Foreign-invested Fund Managers

Authors: XIE, Qing (Natasha)、ZHANG, Chi (Austin)、Joyce ZHANG

Recently, the China Securities Regulatory Commission (CSRC) solicited public comments on the Measures for the Supervision and Administration of Private Investment Funds (Draft for Comments) (the "Draft" or the "Measures"), which attracted attention from market participants. Certain provisions of the Measures may cause concern and raise questions; therefore, it is desirable to bring these to the attention of the regulatory authorities when finalizing the Measures after the public solicitation for comments. We summarize below certain key issues that may be of concern to foreign-invested institutions.