Venture capital investment trusts in China: Legal framework, challenges, and reform

Zhang, C. (2017) Venture capital investment trusts in China: Legal framework, challenges, and reform. Trusts and Trustees, 23(7), pp. 806-822. (doi: 10.1093/tandt/ttx100)

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Abstract

This article sheds light on the institutional framework and organizational structure of venture capital investment trusts in China and analyses its main drawbacks in practice, which lead to disapproval of listing applications of the investee companies on the Chinese stock exchanges. By reference to the financial law of the UK, this article provides a detailed reform proposal for Chinese venture capital investment trusts, which focuses on the following three domains: the mixed ownership reform of the Chinese trust investment corporations, preventing active intervention of trust beneficiaries in fund management and enhancing the independence and monitoring power of custodian banks.

Item Type:Articles
Keywords:Venture capital, investment trusts, Chinese law
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Zhang, Dr Chi
Authors: Zhang, C.
College/School:College of Social Sciences > School of Law
Research Group:corporate and financial law
Journal Name:Trusts and Trustees
Publisher:Oxford University Press
ISSN:1363-1780
ISSN (Online):1752-2110
Published Online:16 July 2017

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