1. It is clear that the object of supervision is the private fund manager registered by the association.
2. The name and business scope of the private equity fund shall be marked with the words "private equity fund".
3. Private placement shall not engage in private lending, off-site fund-raising and other businesses.
4. It is strictly forbidden for investors to cross-hold shares and make circulating capital contributions.
5. It is necessary and reasonable to control two or more private placements.
6. "Ten No's" prohibitive requirements for private fund managers and employees
7. Private placement controllers and related parties may not raise funds for publicity and promotion.
8.QFII and RQFII are regarded as qualified investors in asset management products.
9. Private fund property shall not be invested in physical bonds, creditor's rights assets, etc.
10. Private equity funds can provide loans for equity investment enterprises within one year.
1. 13 "no" behavior of private equity practitioners.
12. standardize related transactions of private equity funds.
13. Emphasize the basic requirements of private placement information disclosure.
14. clarify legal responsibilities and crack down on illegal private placement.
15. Set transitional arrangements and require rectification within a time limit.
From the specification point of view, many aspects are improved, including asset products, QFII, RQFII and so on. As a qualified investor. At the same time, the provision that private placement registration and offices should be in the same provincial administrative region has been deleted. And this series of actions can be seen as follows:
1, perfecting the market, standardization will be the trend;
2. Expand the response group;
3. Expand the market scope;
4. Raising the threshold is conducive to optimizing the market and capitalization.
The data shows that by the end of February 2020, 96,800 private equity funds had been registered, with a management scale of 15.97 trillion yuan. According to the latest market value of Shanghai stock market, the main board of Shanghai stock market is 46.8 trillion, and the Shenzhen stock market is 36.65 trillion, totaling 83.45 trillion. In the short term, perhaps some "poor young and old" private placements have problems affecting funds, thus affecting the market to some extent. But in the medium and long term, this will bring stable capital inflow to the market, which is conducive to the specialization and specialization of the market.