What is the legal process for setting up a venture capital fund in China?

Setting up a venture capital fund in China involves a number of legal steps. First, an application for the establishment of a fund needs to be submitted to the China Securities Regulatory Commission (CSRC). This application must include a business plan outlining the purpose of the fund, the fund size, and the fund’s proposed scope of investments. The CSRC will then review the application and either approve or reject it. If approved, the fund will then need to be registered with the State Administration for Market Regulation (SAMR). This registration will include obtaining a business license and registering the fund under the legal entity name of the fund manager. Once registered, the fund must obtain an investment property license from the SAMR. The license grants the fund the ability to make investments and receive capital contributions from investors. Finally, the fund manager will need to set up a trust account at an authorized trust bank. This account will hold the capital contributions and other investments made by the fund. These are the legal steps required to set up a venture capital fund in China. It is important to contact a qualified lawyer or accounting professional in China to ensure that the fund complies with all relevant laws and regulations.

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What is the legal process for setting up a venture capital fund in China?

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