China Renminbi Funds

IAG in Hong Kong has joined forces with Exceedor China Services in Shanghai to provide a joint servicing platform for domestic Renminbi-denominated funds domiciled in China.  These funds may be stand alone structures managed by a local or foreign investment manager with the GP located in China or be part of a master/feeder or co-investment structure involving offshore entities and foreign investors.  Typically many RMB funds are being established to access China's burgeoning private equity sector.

Our Hong Kong and Shanghai teams are able to deliver a personal service designed around an individual client's needs including:

• Local investor reporting in Chinese
• Regulatory reporting to local and central authorities
• Monthly and annual tax filings
• Assistance with fund structuring and set up and liaison with fund lawyers
• Fully one stop shop for offshore and onshore entities
• Compliance
• Administration of deal execution
• Liaison with and reporting to local custodian banks
• Fielding investors' queries
• Asset and bank reconciliations
• Cash management
• Calculation and payment of distributions
• Accounting and bookkeeping
• Preparation of financial statements in accordance with Chinese GAAP and other international reporting standards as required including IFRS and US GAAP
• Liaison with auditors
• Administration of management companies and general partners
• Corporate secretarial services
• Provision of directors
• Implementing the highest standards of corporate governance ensuring the maintenance of the offshore integrity of the structure where appropriate
• Provision of registered office
• Provision of information for international tax reporting (e.g. K1s)