2016年6月30日，中国证券投资基金业协会发布了《私募基金登记备案相关问题解答（十）》，明确外商独资私募证券投资基金管理人可以在中国境内开展私募证券基金管理业务。以下是《问答十》的全文及其英文翻译。
私募基金登记备案相关问题解答（十）
FAQs regarding Registration and Record-Filing of Private Funds (No. 10)
日期: 2016-06-30
Issuance Date: 30 June 2016
问：第八轮中美战略与经济对话政策成果中包括欢迎符合条件的外商独资和合资企业申请登记成为私募证券基金管理机构，按规定开展包括二级市场证券交易在内的私募证券基金管理业务。请问，外商独资和合资私募证券基金管理机构申请登记成为私募证券基金管理人有何要求？
Question: It is one of the policy achievements of the 8th China - U.S. Strategic and Economic Dialogue that China will make further efforts to welcome and allow qualified wholly foreign owned enterprises (“WFOE”) or joint ventures (“JV”) to apply for registration as private securities fund managers and to engage in private securities fund management business (including securities trading on the secondary market) according to the laws. What are the requirements for a WFOE or JV private securities fund management institution to be registered as a private securities fund manager?
答：根据第七轮、第八轮中美战略与经济对话以及第七次中英经济财金对话达成的政策成果，经中国证监会同意，外商独资和合资私募证券基金管理机构在中国境内开展私募证券基金管理业务，应当在中国证券投资基金业协会登记为私募证券基金管理人，并应当符合以下条件：
Answer: In accordance with policy achievements of the 7th and 8th China - U.S. Strategic and Economic Dialogue as well as the 7th China - UK Economic and Financial Dialogue, and as permitted by the China Securities Regulatory Commission (“CSRC”), it is decided that, a WFOE or JV private securities fund management institution aiming to engage in private securities fund management business in Mainland China, shall be registered as a private securities fund manager with the Asset Management Association of China (“AMAC”) by satisfying the following requirements:
1. 该私募证券基金管理机构为在中国境内设立的公司；
1. The private securities fund management institution shall be incorporated in Mainland China;
2. 该私募证券基金管理机构的境外股东为所在国家或者地区金融监管当局批准或者许可的金融机构，且境外股东所在国家或者地区的证券监管机构已与中国证监会或者中国证监会认可的其他机构签订证券监管合作谅解备忘录；
2. The foreign shareholder of the private securities fund management institution shall be a financial institution duly approved or licensed by the financial regulator of the country or region where it domiciles, and the securities regulatory authority of the country or region where the foreign shareholder domiciles shall have entered into the memorandum of understanding for securities regulatory cooperation with the CSRC or other institutions recognized by the CSRC;
3. 该私募证券基金管理机构及其境外股东最近三年没有受到监管机构和司法机构的重大处罚。
3. Neither the private securities fund management institution itself nor its foreign shareholder has been imposed with any material punishment by any regulatory authority or judicial authority in the preceding three (3) years.
有境外实际控制人的私募证券基金管理机构，该境外实际控制人也应当符合上述第2、3项条件。
If the private securities fund management institution has an actual controller outside Mainland China, such actual controller shall also fulfill the above-mentioned requirements 2 and 3.
外商独资和合资私募证券基金管理机构开展私募证券投资基金业务，除应当符合《证券投资基金法》、《私募投资基金监督管理暂行办法》、《私募投资基金管理人登记和基金备案办法（试行）》及其他法律法规规定外，还应当遵守以下规定：
Any WFOE or JV private securities fund management institution engaging in private securities investment fund business shall fulfill the requirements set forth in the Law of the People's Republic of China on Securities Investment Funds, Interim Measures for the Supervision and Administration of Private Investment Funds, Measures on the Registration of Private Investment Fund Manager and Record-Filing for Private Investment Fund (Trial) and other laws and regulations, as well as the following requirements:
1. 资本金及其结汇所得人民币资金的使用，应当符合国家外汇管理部门的相关规定；
1. Any use of the capital funds and the RMB funds settled from the capital funds of the private securities fund management institution shall be in accordance with the relevant requirements of the State Administration of Foreign Exchange;
2. 在境内从事证券及期货交易，应当独立进行投资决策，不得通过境外机构或者境外系统下达交易指令。中国证监会另有规定的除外。
2. A private securities fund management institution shall make investment decisions independently for the securities and futures trading it deals with in Mainland China, and shall not place trading orders through foreign institution(s) or foreign-based systems, except as otherwise stipulated by the CSRC.
问：外商独资和合资私募证券基金管理机构如何进行私募证券基金管理人登记？
Question: How does a WFOE or JV private securities fund management institution process the procedure of private securities fund manager registration?
答：外商独资和合资私募证券基金管理机构申请私募基金管理人登记，应当通过私募基金登记备案系统(https://pf.amac.org.cn)，如实填报以下信息：
Answer: A WFOE or JV private securities fund management institution applying for private fund manager registration shall correctly fill out the information listed below in the private fund registration and record-filing system (https://pf.amac.org.cn):
1. 《私募投资基金管理人登记和基金备案办法（试行）》及中国证券投资基金业协会已出台的相关规定所要求的私募证券基金管理人相关登记信息，包括前述问答中所列条件证明材料;
1. The registration information relevant to the private securities fund manager as required by the Measures on the Registration of Private Investment Fund Manager and Record-Filing for Private Investment Fund (Trial) and other relevant rules released by the AMAC, including documents to prove the satisfaction of the requirements in the above FAQ;
2. 私募基金登记备案承诺函，承诺所提交的信息和材料真实、准确、完整，不存在任何虚假记载、误导性陈述或重大遗漏，承诺遵守中国法律法规及私募基金相关自律规则;
2. The letter of undertaking for the private fund registration and record-filing, in which the applicant undertakes to submit authentic, accurate and complete information and documents without providing any false record, misleading statement or omitting any important matter and follow Chinese laws and regulations and self-disciplinary rules relevant to private funds;
3. 中国律师事务所及其经办律师出具的《私募基金管理人登记法律意见书》。除《私募基金管理人登记法律意见书指引》的要求以外，相关律师事务所及其经办律师在法律意见书中，还应对该申请机构是否符合前述问答中所列登记条件和要求发表结论性意见。
3. The legal opinion on private fund manager registration issued by a competent PRC law firm and its lawyers. Apart from satisfying the requirements listed in the
Guidance on Legal Opinion on Private Fund Manager Registration, the legal opinion issued by a relevant PRC law firm and its lawyers shall also contain conclusive opinion on whether or not the applicant satisfies the conditions and requirements listed in the above FAQ.
外商独资和合资私募证券基金管理机构提供的登记申请材料完备的，中国证券投资基金业协会将自收齐材料之日起20个工作日内，以通过协会官方网站(http://www.amac.org.cn)公示私募基金管理人基本情况的方式，为其办结登记手续。
Where the materials for the application for registration provided by the WFOE or JV private securities fund management institution are complete, AMAC will complete the registration procedures within twenty (20) working days since the acceptance of all the required documents and make a public display of the basic information of the private fund manager on its official website (http://www.amac.org.cn).
外商独资和合资私募证券基金管理机构登记后，应当依法及时展业。其设立的私募证券投资基金募集完毕后，应当根据有关规定在中国证券投资基金业协会通过私募基金登记备案系统及时履行备案手续，按时履行私募基金管理人及其管理的私募基金的季度、年度和重大事项信息报送更新等信息报送义务。
The WFOE or JV private securities fund management institution shall promptly commence its business according to the laws after registration. After the completion of fund raising of the private securities investment fund it launches, the private securities fund manager shall promptly perform record-filing procedures through the private fund registration and record-filing system of the AMAC according to relevant regulations and punctually carry out information reporting and filing obligations such as reporting and filing quarterly, annual updates and important events of the private fund manager and private funds under its management.
外商独资和合资私募证券基金管理机构可通过中国证券投资基金业协会官网(http://www.amac.org.cn)“私募基金登记备案系统”栏目了解私募基金管理人登记和私募基金备案系统操作指南及相关政策信息。如需进一步了解相关信息，可以通过中国证券投资基金业协会官方微信公众号、私募基金登记备案咨询邮箱pf@amac.org.cn以及私募基金全国统一咨询热线400-017-8200进一步咨询。
The WFOE or JV private securities fund management institution may obtain system operation guide and policies relevant to the private fund manager registration as well as the record-filing of private funds from the “private fund registration and record-filing system” column on the official website of AMAC (http://www.amac.org.cn). Further inquiries could be made by contacting the hotline for nationwide private fund inquires at 400-017-8200 and further information could be accessed at the official Wechat account of AMAC or through the e-mail address pf@amac.org.cn.