No sentence. According to the notification from Shenzhen Supervision Bureau of China Securities Regulatory Commission (hereinafter referred to as Shenzhen Securities Regulatory Bureau), Shenzhen Tongying Equity Fund Management Co., Ltd. (hereinafter referred to as Shenzhen Tongying), a private equity fund manager, did not cooperate with the inspection by the regulatory authorities and deliberately concealed it. There are a large number of unregistered products in the company, and the registered information is seriously inconsistent with the actual situation. At present, Shenzhen Tongying has been investigated by the public security organs in Guangzhou and Shenzhen, Guangdong Province for allegedly illegally absorbing public deposits, and no longer meets the registration conditions for private fund managers. The above situation of Shenzhen Tongying has seriously violated relevant laws, regulations and self-discipline rules. As a senior manager registered in China Asset Management Association (hereinafter referred to as the Association), you should bear the main responsibility. In view of the fact that this disciplinary case has been confirmed in writing by Shenzhen Securities Regulatory Bureau, according to the relevant provisions of the Measures for the Implementation of Disciplinary Actions of China Asset Management Association (Trial) (hereinafter referred to as the Measures for the Implementation of Disciplinary Actions (Trial)), the association can directly take disciplinary actions according to the verification facts of Shenzhen Securities Regulatory Bureau. Because Shenzhen Tongying is suspected of illegally absorbing public deposits and other criminal offences, the circumstances are bad. According to Article 1 of the Self-discipline Guidelines for Fund Employees and Article 6 of the Measures for the Implementation of Disciplinary Actions (Trial), the Association decided to take the following disciplinary actions against Xie: blacklisting for a period of three years.