It is true that China investigated the JPMorgan Chase Fund. China Securities Regulatory Commission investigated and dealt with JPMorgan Chase Fund Management Co., Ltd. (hereinafter referred to as "JPMorgan Chase"). 20 16 China Securities Regulatory Commission announced that JPMorgan Chase was suspected of violating the Securities Investment Fund Law and the Interim Measures for the Supervision and Administration of Private Investment Funds, and there were market manipulations and improper transactions. Subsequently, China Securities Regulatory Commission imposed an administrative penalty on JPMorgan Chase, demanding him to stop the illegal act and pay a fine. This case is the first administrative punishment imposed by China Securities Regulatory Commission on foreign private equity fund companies, and it is also one of the important measures taken by China Securities Regulatory Commission to strengthen market supervision. In addition, the occurrence of this case has also aroused widespread concern in society, and put forward higher requirements for the supervision and compliance management of foreign private equity funds.