Bank of China Starts Organizing Employees to Pool Headcounts for Private Equity Packaged as Public Funds
Date2024.01.01
LocationChina
Fact statusReported
ImportanceIV ●●●●●
VerificationReported · 1 Sources
Bank of China used its subordinate financial institutions and employee contributions to create public-like holder structures for 11 private equity funds in order to exploit tax incentives meant for public funds.
Bank of China Starts Organizing Employees to Pool Headcounts for Private Equity Packaged as Public Funds Bank of China used its subordinate financial institutions and employee contributions to create public-like holder structures for 11 private equity funds in order to exploit tax incentives meant for public funds.