Legal Analysis: According to Article 31 of the Interim Measures for the Supervision and Administration of Private Equity Funds, the China Securities Regulatory Commission and its dispatched offices shall conduct statistical monitoring and inspection on the private equity business of private equity service institutions such as private equity fund managers, private equity fund custodians and private equity fund sales organizations, and take relevant measures according to Article 114 of the Securities Investment Fund Law.

Legal basis: Interim Measures for the Supervision and Administration of Private Investment Funds

Article 31 The China Securities Regulatory Commission and its dispatched offices shall conduct statistical monitoring and inspection on private equity service institutions such as private equity fund managers, private equity fund custodians and private equity fund sales institutions according to law, and take relevant measures according to Article 114 of the Securities Investment Fund Law.

Article 32 The China Securities Regulatory Commission records the integrity information of private equity service institutions and their employees, such as private equity fund managers, private equity fund custodians and private equity fund sales organizations, in the integrity file database of the securities and futures market; According to the credit status of private fund managers, differentiated supervision is implemented.

Article 33 If private fund managers, private fund custodians, private fund sales organizations and other private service institutions and their employees violate laws, administrative regulations and the provisions of these Measures, the China Securities Regulatory Commission and its dispatched offices may take administrative supervision measures such as ordering corrections, supervising talks, issuing warning letters, and publicly condemning them.