The cleanup is just a rumor.
Private equity fund is the "main force" that cannot be ignored in the securities market. According to a survey conducted by the Central University of Finance and Economics, the scale of domestic private equity funds is estimated at 860 billion ~ 1.2 trillion yuan. However, due to long-standing loopholes in management, it has not been awarded the title of "regular army" so far.
Since the incident of "Leading Brother" was exposed, some "illegal business activities" in the securities market began to arouse widespread concern in society. According to reports, the most common forms at present include: illegal securities consulting, that is, some institutions and individuals that have obtained business licenses without the approval of the China Securities Regulatory Commission illegally carry out securities consulting business to defraud consulting fees; Illegal agent to buy and sell stocks of unlisted companies; Some lawless elements cheat investors of their money. In addition, there are even telephone, website and other channels to recruit stock traders, attracting customers with high interest rates and providing them with financing, which makes illegal financing and illegal securities business activities combined.
In this regard, some insiders believe that there is no clear legal norm for private equity funds in China at present, so it is difficult to define the illegal behavior of private equity funds. Functionally speaking, if the public security department intervenes, it should only be aimed at illegal securities activities. The source said that in fact, the relevant regulatory authorities in China have been cracking down on illegal securities activities, and established the working system of the coordination group for rectifying illegal securities activities, including public security departments. Therefore, people who don't know the situation easily confuse "cracking down on illegal publications" with the so-called "cleaning up private equity funds".
The private equity fund market is huge.
Although there are some problems in private equity, Wu Xiaoling, deputy governor of the People's Bank of China, recently said that China should develop more private equity investment funds.
Market participants believe that as an integral part of the capital market, the important role of the private equity fund market is self-evident. This requires our legislature and securities regulatory authorities to treat private equity funds correctly, formulate relevant laws as soon as possible, and guide private equity funds to develop in a direction conducive to the development of the capital market.
In the international market, private equity funds have always been important investors, such as internationally renowned tiger funds and quantum funds. Check illegal private equity funds, you can't kill all private equity with one blow. Wei Zhansheng, an expert on private equity funds in China, believes that China is losing its intangible international competitiveness and some potential development opportunities. There are many ways to solve this problem, and it is undoubtedly one of the most important and effective ways to establish a healthy and international private equity market in China.
It is understood that compared with closed-end funds, open-end funds and other Public Offering of Fund, private equity funds have very distinctive characteristics, which make them have incomparable advantages in Public Offering of Fund.