Foreign Equity Investment Pilot Enterprises established in Shenzhen that Only Raise Funds Overseas may not File with AMAC

On September 9, 2022, the Shenzhen Municipal Financial Regulatory Bureau issued the Supplementary Notice on the Pilot Scheme for Foreign-funded Equity Investment Enterprises (“Supplementary Notice”). The Supplementary Notice clarifies that, according to the Shenzhen Pilot Measures for Foreign-Invested Equity Investment Enterprises, foreign-funded equity investment pilot enterprises established in Shenzhen that raise funds overseas and only have foreign investors as contributing shareholders or partners shall be implemented with reference to the relevant regulations of foreign-funded enterprises in Shenzhen, and there is no mandatory requirement for the filing with the Asset Management Association of China (“AMAC”).