Download! 51%, control and roadblocks ahead

Over the weekend, CSRC moved to begin accepting applications from global managers for a 51% controlling stake in a domestic fund management company. While a significant development, this was the easy part. As we’ve been communicating to clients – and the broader community – the hard part is now firmly at hand: negotiating a commercial agreement with a Chinese counterparty. … http://bit.ly/2D22j2l

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