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

The legal process for setting up a venture capital fund in China involves several steps. The first step is registering the venture capital fund with the Industrial and Commercial Administration Bureau. This involves submitting an application form, which must include information about the business, a detailed business plan, feasibility study, and copies of various licenses. Once the application is approved, the venture capital fund must register with the China Securities Regulatory Commission. This requires submitting information about the fund, including its size, fund structure, budget, and risk management system. The fund must also provide a feeder fund structure. A feeder fund is an investment vehicle that is used to funnel the venture capital into a larger fund. The feeder fund must be approved by the China Securities Regulatory Commission. Finally, the venture capital fund must register with the China Mergers and Acquisitions Board. This will include submitting details about the fund structure, total asset value, and ownership stakes. The venture capital fund must also provide evidence that it is qualified to receive foreign investment. Once the venture capital fund has completed these steps, it is able to receive and invest capital. The fund may also be required to register with the China Banking Regulatory Commission. This will involve providing information about the total investment, financial statements, and business plan.

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

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