A Brief Overview Of The Pilot Program For Foreign-Funded Equity

Co-authored by Yi Xu

 On September 22, 2017, the Shenzhen Municipal Finance Office, Shenzhen Municipal Government Financial Services Office, Market and Quality Supervision Commission of Shenzhen Municipality and Qianhai Administration Bureau jointly issued the Pilot Program for Foreign-funded Equity Investment Enterprises in Shenzhen ("New QFLP Measures"), based upon the Interim Measures for the Launching of a Pilot Program for Foreign-funded Equity Investment Enterprises in Shenzhen (Shen Fu Jin Fa [2012] No.12) (the "Interim Measures") and Operating Procedures for the Pilot Program for Foreign-funded Equity Investment Enterprises in Shenzhen (Shen Fu Jin Fa [2012] No.13) ("Operating Procedures"). The New QFLP Measures reflect improvements to the pilot program for qualified foreign limited partner ("QFLP") system in Shenzhen.