The termination of equity investment projects mainly depends on the repurchase of equity by third parties, and the dividend liquidation of the target company has basically not appeared, so it is impossible to wait for IPO. This repurchase of equity investment belongs to debt financing in disguised form.

The reason why there is little equity investment is that there is a fatal flaw in this way, that is, there is great uncertainty in the future of third-party repurchase in the short term, the exit channel is not smooth, the risk is high, and trust companies are no longer willing to use it.

Because investors in government agencies and institutions do not require investment returns and investment recovery, but require funds to be used for designated purposes in accordance with the law or the wishes of investors, thus forming funds.

The Measures for the Administration of Trust Industry Safety Fund stipulates the liquidation of the fund:

Article 29 The banking supervision institution of the State Council shall report to the State Council on the raising, management and use of the margin every year.

Thirtieth guarantee fund companies, trust companies and their custody and clearing institutions shall properly keep the original vouchers such as guarantee fund income and expenditure, cash list, etc., to ensure the integrity of the original files.

Article 31 The banking supervision institution of the State Council shall strengthen the supervision and management of the subscription and use of guarantee funds, and deal with trust companies that refuse or deliberately delay the subscription of guarantee funds and fail to submit information and materials as required.

Article 32 The banking supervision institution of the State Council shall establish an accountability mechanism in accordance with relevant laws and regulations, and investigate the accountability of risk institutions and their responsible persons who receive security fund assistance due to illegal operations.

Article 33 The banking supervision institution in the State Council shall severely crack down on illegal acts of crowding, misappropriating and defrauding guarantee funds according to law, and investigate the dereliction of duty of relevant personnel according to law. Suspected of a crime, transferred to judicial organs for criminal responsibility according to law.