Recently, Nanning Area of China (Guangxi) Pilot Free Trade Zone published and implemented “The Interim Measures on Promoting the Development of Foreign-Invested Equity Investment Enterprises of Nanning Area of China (Guangxi) Pilot Free Trade Zone” (hereinafter referred to as the “Measures”), encouraging the development of foreign-invested equity investment enterprises from various aspects. The “Measures” is put into effect as of the date of issue, with a period of validity of two years.
The foreign-invested equity investment enterprises mentioned in the “Measures” include foreign-invested equity investment enterprises (fund) and foreign-invested equity investment management enterprises. According to the “Measures”, the domestic private equity (entrepreneurship) investment funds managed by foreign-invested equity investment enterprises (fund) and foreign-invested equity investment management enterprises can adopt direct or indirect ways (FOF, etc.) to conduct investment, but should be led to industries encouraged by the country and invest in industries in favor of real economy development.