基金特刊 | FUNDS SUPPLEMENT CHINA OFFSHORE
行、国务院国有资产监督管理委员会、 银监会、证监会、保监会、国家外汇管 理局等部门联合下发了《对外投资备案 （核准）报告暂行办法》，加强对外投 资备案（核准）报告管理工作，建立健 全部门间信息统一归集和共享机制。同 时，由商务部牵头开展对外投资“双随 机、一公开”抽查工作，定期进行对外 投资备案（核准）报告的真实性、完整 性、及时性的事中事后监管工作。 四、跨境投资海外基金的典型案例分析 近年来，越 来越多的中国企业 通 过 海 外基金 进行跨境投资。2006年，上市 公司重庆新世纪游轮股份有限公司（以 下简称“世纪游轮”） 拟收购Caesars Interactive Entertainment Inc.（以下简 称“CIE”）旗下的游戏业务。为此，双 方分别在开曼群岛注册Alpha Frontier Limited（以下简称“Alpha”），在美国 特拉华州设立Playtika Holdings, LLC （以下简称“PH”）作为收购主体。 CIE将旗下游戏业务转让给PH，2016 年9月23日，Alpha以440,988.59万美元 对价受让CIE持有PH的全部权益。 2016年10月20日，经国家发展改革委 员会及重庆市对外贸易经济委员会备 案，并获得《企业境外投资证书》后， 泛海资本投资管 理集团有限公司、弘 毅创领（上海）股权投资基金合伙企业 （有限合伙）、上海并购股权投资基金 合伙企业（有限合伙）等13名交易对方 取得Alpha的A类普通股。Alpha的B类 普通股已由世纪游轮香港全资子公司 Giant Investment (HK) Limited持有。 2016年10月21日，世纪游轮发布交易 报告 书草案，将以非公开发行股份及 支付 现 金 方 式 向13 名交 易对 方 购 买 Alpha的全部A类普通股，交易对价为 3,050,352.00万元，从而实现对Alpha
72
must go through the approval or filing procedure before the foreign exchange registration (if they are required to be approved or filed in advance by relevant departments). Since 2015, the State Administration of Foreign Exchange (SAFE) has simplified the foreign exchange formalities for outbound investments, canceled the administrative examination and authorization for approval of foreign exchange registration under foreign direct investment, but has required banks to directly review and handle foreign exchange registration under foreign direct investment. SAFE implements indirect supervision over the foreign exchange registration of direct investment through banks. On January 18, 2018, the Ministry of Commerce, the People's Bank of China, the State-Owned Assets Supervision and Administration Commission of the State Council, the China Banking Regulatory Commission, the China Securities Regulatory Commission, the China Insurance Regulatory Commission, and the State Administration of Foreign Exchange jointly issued Interim Measures for Filing (and Approving) Reports on Foreign Investment in order to strengthen the management of filing (and approving) reports on outbound investment, and to establish and improve unified collection and sharing mechanisms for inter-departmental information. At the same time, the Ministry of Commerce has taken the lead in carrying out the "Double Random, One Public" spot checks on outbound investments,
Company Formation and Funds Guide
and regularly conducts post-mortem monitoring of the authenticity, completeness and timeliness of the filing (and approving) of outbound investments. IV. Analysis of Typical Cases of Cross-Border Investment in Overseas Funds In recent years, more and more Chinese enterprises have made crossborder investments through overseas funds. In 2006, the listed company Chongqing New Century Cruises Co., Ltd. ( hereinafter referred to as "Century Cruise" ) proposed to acquire the game business of Caesars Interactive Entertainment Inc. ( hereinafter referred to as "CIE" ). For this purpose, both parties registered Alpha Frontier Limited (hereinafter referred to as "Alpha") in the Cayman Islands and Playtika Holdings, LLC (hereinafter referred to as "PH") in Delaware, United States as an acquisition subject. CIE transferred its game business to PH, and on September 23, 2016, Alpha acquired CIE's equity in PH for US$4.4098859 billion. On October 20, 2016, having been registered by the NDRC and the Chongqing Foreign Trade and Economic Commission, and having obtained the Corporate Outbound Investment Certificate, thirteen counter-parties including Fanhai Capital Investment Management Group Co., Ltd., Hongyi Chuangling (Shanghai) Equity Investment Fund Partnership Co., Ltd. and Shanghai