The first foreign investment fund is completed in Tianjin

The State Administration of Foreign Exchange (SAFE) Tanggu office helped an enterprise in Tianjin Binhai New Area to complete its foreign investment registration. This is the first foreign investment registration by an overseas investment fund pilot company in mainland China, according to the People's Bank of China (PBC) Tanggu sub-branch.

Last August, many governmental departments in Tianjin worked together and published the details of launching overseas investment fund pilot projects.

After Dinghuijiashang Fund Company, an equity investment partnership company based in Tianjin Binhai New Area, submitted its foreign investment registration application, the SAFE Tanggu office admitted the application and hold a symposium.

Dinghuijiashang is a limited partnership company which is dedicated to investing in unlisted enterprises, non-public equity investment of listed enterprises, and related consulting services, according to a staff member from the PBC Tanggu sub-branch.

Dinghuijiashang is an eligible overseas investment fund pilot project, in terms of the requirements. The simplified process took only one day for the company to complete the business and guaranteed the company to transfer $100 million of investment funds on time.

The SAFE Tanggu office will continue to provide a convenient and efficient service for pilot companies, which will boost financial innovation, promote convenience of trading and investment, and push forward local economic development.