Private Fund Division Regulation And Self-Discipline Limit

Chen Ziqiang, director of the private equity fund supervision department (hereinafter referred to as the private sector), introduced the "six principles" of the measures, namely, the combination of administrative supervision and self-regulation, the combination of principle supervision and rules supervision, the combination of functional supervision and institutional supervision, the combination of Classified Supervision and key monitoring and control, the combination of appropriate supervision and bottom line supervision, and the combination of full aperture registration and differential supervision.

Chen Ziqiang also revealed that at the next stage, the Ministry of private equity will study and formulate relevant policies to promote the innovation and development of the private sector.

At present, the measures mainly define five institutional arrangements, one is the full aperture registration and registration system, the two is the establishment of a qualified investor system, the three is the rules of raising funds for private equity funds, and the four is the relevant rules governing the operation of investment. The five is the establishment of institutional arrangements for the differentiation and self-regulation of different types of private equity funds.

Sun Jie, President of the industry association, said that the promulgation and implementation of the measures established the formal legal status of the private equity fund industry, will enhance the sense of responsibility and influence of the industry, further stimulate the vitality and positive energy of China's private equity industry, foster and carry forward rational, honest and professional investment culture and contract spirit, and strengthen the trustee system of diligence, conscientiousness, ethics and professional norms of private fund managers, so as to promote the stable and healthy development of the capital market and promote the financial services to better serve the development of the real economy.

Sun Jie pointed out that the association will adhere to the principles of post filing, appropriate information disclosure, market autonomy and industry self-regulation, and do a good job in the registration, self-regulation and management of private equity funds.

Since February 7, 2014, the association has officially launched the registration of private equity fund managers and the record of private equity funds.

By the end of July, 3970 private fund managers had been registered by the Fund Association's private equity registration system, and 5696 private equity funds were managed, with a management scale of 2 trillion and 150 billion yuan.

The fund company and its subsidiaries account for 3 trillion and 190 billion yuan in assets management and 7 trillion yuan in assets management business of the securities companies. The total size of the private equity products is about 12 trillion and 340 billion.

A number of private executives, such as Xiong Xiaoou and Qiu Guogen, attended the symposium. 16 representatives of private sector executives.