Notice of Issuing the “Recognition Measures for the Reinvestment of Municipal Government Investment Fund in Zhuhai Municipality (Revised)” (Zhu Cai [2024] No. 17)
26 November 2024
On 26 November 2024, the Zhuhai Municipal Bureau of Finance (“the authorities”) issued the “Notice of Issuing the “Recognition Measures for the Reinvestment of Municipal Government Investment Fund in Zhuhai Municipality (Revised)”” (“the Measures”). The Measures specify that for investment made in the form of a parent fund, the fund management companies should make contributions in instalments, with the initial contribution not exceeding 50% of the subscribed amount. The Measures shall be valid for 5 years.