Zhongxin Finance, April 8. On the 8th, the China Securities Investment Fund Industry Association issued a document stating that it has never designated or entrusted any intermediary service agency or individual to handle or verify the registration of private fund managers and the filing of private funds.

The so-called "package approval", "association's internal relationship urging", and "professional removal of abnormal announcements" promised by any institution or individual are all scams.

  Recently, the Asset Management Association of China found that some intermediaries and individuals disregarded professional ethics and the bottom line of the law. Pretend, swindle, confuse, induce and deceive relevant application agencies in order to obtain high intermediary fees or service fees and earn illegal benefits.

Among them, the intermediary agencies "Tengbo International", "Ningben Consulting", and "Qi Ruifu (also known as Tomato Affiliate)" engaged in the recruitment of affiliated personnel, private equity firms buying and selling shells, and issuing legal opinions on behalf of law firms, which seriously disrupted the business. The order of the private equity fund industry has had a serious negative impact on the private equity fund registration and self-discipline management of the association, and tarnished the reputation of the association and the private equity fund industry.

  The association solemnly declares:

  1. In strict accordance with the provisions of laws and regulations and relevant self-discipline rules, the association conducts the registration and filing of private funds in a fair, just and orderly manner. The registration and filing work does not charge any fees and is subject to public supervision.

  2. The applicant institution shall submit an application for the registration of a private equity fund manager when there is a real need for the development of the private equity investment fund management business and the ability to develop the business, and reasonably arrange the follow-up product filing.

  3. The private equity fund to be filed shall comply with the relevant laws and regulations, and there shall be real fundraising and investment behaviors.

Qualified investors shall make capital contributions with their own funds, and shall not use non-self-owned funds raised by loans, issuance of bonds, etc.

  4. For the major change application for the change of the controlling shareholder and actual controller of the private equity fund manager, the association will handle the application according to the registration requirements and procedures of the new applicant institution, and check the compliance and information disclosure of the existing products accordingly.

  The association has continuously improved the transparency of the registration and filing of private funds, and has established a standardized private fund registration and filing process monitoring and integrity supervision mechanism. Handle or verify the registration of private equity fund managers and the filing of private equity funds.

The so-called "package approval", "association's internal relationship urging", "professional removal of abnormal announcements", etc. promised by any institution or individual are all scams!

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