This publication written by Kaye Scholer LLP dated December 22, 2008 is titled Private Equity Markets in China: A Legal Puzzle covers the following topics:
- Since the early 2000s, there have been Chinese legislative efforts to provide a specific legal framework for private equity funds, but no specific timetable has been set at the moment.
- The delay has resulted in a fragmented and complex legal landscape that is governed by various People’s Republic of China (PRC) ministerial-level authorities and local governments issuing their own regulations of investment funds.
- Examples of the fragmented and complex legislation that govern private equity and investment funds in the legal framework include: