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