设立境外中国产业投资基金管理办法 MEASURES FOR CONTROLLING THE ESTABLISHMENT OF OVERSEAS FUNDS FOR INVESTMENT IN CHIN

on the promoters or investors in China， shall order them to withdraw from the established institution and shall punish the directly responsible person in charge and other directly responsible person with disciplinary sanctions； if the case is so serious that it constitutes a crime， criminal responsibility shall be investigated in accordance with the law.

　　Article 26 When the relevant statements or reports are not submitted or false statements or reports are submitted in violation of the provisions of Article 23 of these Measures and the case is serious， the People's Bank of China shall order that the situation be remedied， and shall impose a fine of between 200，000 and 500，000 RMB Yuan on the promoters or investors in China.

　　Article 27 Overseas investment funds and overseas investment fund management companies established prior to these Measures coming into force shall implement the examination and approval procedures within the time limit prescribed by the People's Bank of China； if they have implemented these within the given time， the People's Bank of China shall fine them in accordance with the provisions of Article 25 of these Measures.

　　Article 28 These Measures shall enter into force as of the day of promulgation

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