CSRC: continue to strengthen the supervision of private funds

category:Finance
 CSRC: continue to strengthen the supervision of private funds


At the same time, the inspection also found that some private institutions still have illegal problems. Among them, some private equity institutions are suspected of illegal fund-raising, misappropriation of fund property and other serious illegal behaviors; some private equity institutions carry out the business of fund pool of raising new funds to repay old ones and mismatching the time limit, which deviates from the origin of private equity funds; some private equity institutions have illegal raising behaviors such as publicizing and recommending, raising funds to non qualified investors, and promising guaranteed earnings.

In response to the problems found in the special inspection, the CSRC shall take administrative supervision measures and file a case for inspection against the relevant institutions according to law, or transfer the clues of suspected illegal crimes to the public security department or local government. At the same time, the CSRC will record the above-mentioned illegal issues and regulatory measures into the credit file of the capital market.

The CSRC pointed out that the private fund industry is an integral part of the multi-level capital market and plays an important role in supporting innovation and entrepreneurship, serving the real economy, and meeting the needs of social wealth management. The CSRC stressed that it will further guide the industry to improve the quality of development. On the one hand, it will resolutely implement the plan of the CPC Central Committee and the State Council on how to prevent and resolve major risks, continue to strengthen the supervision of private funds, continuously improve the ability of risk monitoring and early warning, strictly investigate and punish violations of laws and regulations, and effectively protect the legitimate rights and interests of investors. On the other hand, it will continue to do a good job in industry services We will work to improve the regulations and rules of private funds, promote the optimization of tax policies, deepen the opening-up of private funds, guide the establishment of a legal, compliant, honest and diligent industry culture, and constantly enhance the ability and level of private funds to serve the real economy. Source: Yang Zeyu, responsible editor of China Securities Journal

The CSRC pointed out that the private fund industry is an integral part of the multi-level capital market and plays an important role in supporting innovation and entrepreneurship, serving the real economy, and meeting the needs of social wealth management. The CSRC stressed that it will further guide the industry to improve the quality of development. On the one hand, it will resolutely implement the plan of the CPC Central Committee and the State Council on how to prevent and resolve major risks, continue to strengthen the supervision of private funds, continuously improve the ability of risk monitoring and early warning, strictly investigate and punish violations of laws and regulations, and effectively protect the legitimate rights and interests of investors. On the other hand, it will continue to do a good job in industry services We will work to improve the regulations and rules of private funds, promote the optimization of tax policies, deepen the opening-up of private funds, guide the establishment of a legal, compliant, honest and diligent industry culture, and constantly enhance the ability and level of private funds to serve the real economy.