作者:程雪立 卓海 金杜律师事务所金融资本部

cheng_xueli自深圳市人民政府办公厅于2014年12月8日转发《关于开展合格境内投资者境外投资试点工作的暂行办法》(“QDIE试点办法”)至今,深圳已从国家外汇管理局获得两批共25亿美元的境外投资额度,已有约40余家机构获得了境外投资基金管理企业(“QDIE管理人”)试点资格。

基于我们代表一些机构通过QDIE通道进行境外投资的经验,我们在此对QDIE通道的优势以及面临的问题予以简要述评。

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By King & Wood Mallesons’ Banking & Finance Group

At the end of 2014, Shenzhen Municipal Government issued Pilot Measures on QDIE (Qualified Domestic Investment Enterprise), which makes PE funds to have another exit channel. To take this opportunity, we herein briefly introduce and comment on four relatively new forms of loans, and their respective entry and exit channels for PE funds which could be adopted by Shenzhen market, namely the cross-border RMB loans in Qianhai, RMB overseas lending, QFLP (Qualified Foreign Limited Partner), and QDIE. It is worth noting that these channels, such as cross-border RMB loans in Qianhai and QFLP, are not only limited for Shenzhen but also exist at other localities with small variations, while RMB overseas lending can be used throughout the country. As for QDIE, it is a unique channel to Shenzhen.
Continue Reading CHANNELS FOR CROSS-BORDER FUND

作者:程雪立 张宁 冯艾 杨晓荃 卓海 金杜律师事务所银行

程雪立深圳市政府于2014年底出台了QDIE(Qualified Domestic Investment Enterprise,合格境内投资企业)试点办法,使PE资金又多了一个出境渠道。借此时机,我们在此对深圳市场上能够采用的四种较新的贷款和PE类资金进出境渠道,即前海跨境人民币贷款、境外人民币放款、QFLP(Qualified Foreign Limited Partner ,合格境外有限合伙人)和QDIE,进行简要的介绍和评述。值得指出的是,这些渠道,如前海跨境人民币贷款和QFLP,并不限于深圳,其它个别地方也有类似的渠道;而境外人民币放款可在全国通用;至于QDIE,则是深圳特有的渠道。

前海跨境人民币贷款

深圳人行于2012年12月27日颁布《前海跨境人民币贷款管理暂行办法》,并于2013年1月6日出台《前海跨境人民币贷款管理办法实施细则》,该办法和实施细则初步建立和完善了前海跨境人民币贷款制度。
Continue Reading 深圳的资金进出境新型渠道