FOREIGN VCS AND PES COULD REGISTER IN SHANGHAI SOON
AsiaInfo Services, June, 2009
AsiaInfo Services 06-18-2009 Foreign VCs and PEs Could Register in Shanghai Soon SHANGHAI, Jun 18, 2009 (SinoCast Daily Business Beat via COMTEX) -- Foreign private equities and venture capitals will possibly gain key to set up solely-owned subsidiaries or joint ventures in Shanghai in the near future, and related regulations and policies will come out in one month, said Fang Xinghai, director for the financial service office of Shanghai, days ago. The opening-up attitude is a signal that Shanghai, the emerging international financial center in China, even in Asia, wants to upgrade its financial industry as fast as possible. In fact, Pudong New Area, the experimental field of Shanghai, has announced a temporary regulation on the establishment of foreign-invested equity...
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