The China Foundation said that it will continue to adhere to the basic principle of "supporting the superior and limiting the inferior", constantly improve the integrity information recording mechanism of the private equity industry, and promote the healthy development of the industry.
50 private fund management companies were deregistered.
65438+ 10/3, official website, China Foundation announced that 50 private fund managers, including Chongqing Chenghua Equity Investment Fund Management Co., Ltd., had abnormal operating conditions and failed to submit special legal opinions that met the requirements within three months after the written notice was issued, so they would be disqualified as private fund managers, and this situation would be recorded in the integrity file database of the securities and futures market.
2065438+On March 27th, 2008, China Foundation issued the Announcement on Private Equity Fund Managers Submitting Special Legal Opinions under Abnormal Business Conditions, which clearly pointed out that if a private equity fund manager fails to submit a special legal opinion that meets the requirements within three months after the written notice is issued, the Association will cancel it in accordance with the relevant provisions of the Announcement on Further Regulating the Registration of Private Equity Fund Managers, and may not re-register after cancellation.
From the perspective of management scale, most of the 50 institutions cancelled by private fund managers are small institutions, and the management scale is mostly less than 654.38+0 billion yuan. There are also many institutions with "state-owned background". For example, according to Tianyan, after the equity penetration, CTV Capital Investment Management (Shenzhen) Co., Ltd. owns the shares of Central News Recording Film Studio (Group). In addition, on August 22, 2022 alone, 43 institutions received the Notice of Cancellation of Registration of Fund Managers.
The trend of "survival of the fittest" in the private equity industry is gradually emerging. On June 3 this year, the 65438 China Foundation issued the Summary of the Registration and Filing of Private Equity Funds in 2022, proposing a number of mechanisms to optimize the registration and filing of private equity funds. According to the summary, in 2022, 22 17 private placement managers were cancelled, of which the number of active cancellation managers was 2.2 times that of the same period of last year, and the structural adjustment trend of "going out is greater than entering" was further consolidated.
The actual controller of Wan Yi Asset Management Company was prosecuted.
It is worth mentioning that many institutions have been involved in the case before. For example, Wan Yi Asset Management was prosecuted for illegal fund-raising by issuing wealth management products, and the actual controller was suspected of fund-raising fraud.
On May 6th, 20021year, the Second Branch of Shanghai People's Procuratorate announced that Xu Lei and Xia Haibo, the actual controllers of Wan Yi Asset Management, were prosecuted for alleged fund-raising fraud. The Second Branch claims that since 20 1 165438 10, the defendant and co-defendant Dong Moumou (handled separately) * * * have established and actually controlled affiliated companies such as Wan Yi Asset Management and two commercial factoring companies, and used the bank accounts of affiliated companies or individuals as a pool of funds to negotiate with * * *.
The Second Branch also alleged that from 2065438 to August 2007, Wan Yi Asset Management illegally raised funds from the public by issuing wealth management products, fictitious investment projects or creditor's rights, false trade self-financing, etc., and promised to repay the principal and interest when due, so as to maintain the capital chain. The unpaid amount is particularly large. After auditing, the raised funds are collected in the fund pool and mixed with other funds to pay the principal and interest of the previous wealth management products, pay high sales commissions and operating costs, speculate in stocks, acquire non-performing assets, etc.
According to official website of China Foundation Association, Wan Yi Asset Management was established in 20 14 years, with registered capital of1600,000 yuan and paid-in capital of10,000 yuan. In fact, Dong is the controller, holding 99% of the shares. The legal representative, chairman and general manager are all Xu Lei, and the shareholding ratio is 1%. This institution was cancelled by the Association in June 5438+1October 65438+March this year due to abnormal operation. Previously, there were many anomalies in Wan Yi Asset Management, such as abnormal information submission, abnormal operation, low paid-in capital, low opening rate of investors' directional disclosure accounts, overdue settlement of funds and so on.
According to Tianyancha, after the equity penetration, the agency suspected that the actual controller was Ada. In July, 20021year, this institution was listed in the list of business anomalies by Shanghai Municipal Market Supervision Bureau because it failed to submit the annual report information as required. This institution is wholly owned by Shanghai Hu Wen Investment Management Co., Ltd. However, in April 2022, Hu Wen Investment failed to start business for more than 6 months without justifiable reasons, or stopped business for more than 6 months after opening, and its business license was revoked.