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On July 31, the agency platform Private Equity Ranking Network issued a letter to investors stating that in view of the upcoming implementation of the "Guidelines for the Operation of Private Equity Investment Funds" issued by the Asset Management Association of China, Private Equity Ranking Network will optimize and upgrade some functions and services of the company's website and APP from now on:

• In order to strictly implement the new regulatory rules, the company will remove the performance-related data of private equity funds that have not established a distribution cooperation relationship with Private Equity Ranking Network to ensure that information disclosure on the site fully complies with regulatory requirements.
• Private Equity Ranking Network will continue to select private equity managers with professional capabilities and honest and compliant operations and establish agency relationships with them, and strictly disclose information in accordance with the new regulations. At the same time, Private Equity Ranking Network will not establish agency relationships or display performance with private equity managers who lack professional management capabilities and have poor compliance and integrity records.
• The company's private equity products will be updated and put on the shelves continuously. Some products will need to establish agency relationships and disclose performance information after August 1st.

The new private equity regulations, "Guidelines for the Operation of Private Securities Investment Funds," will be officially implemented tomorrow (August 1). It clearly requires that, except for private equity fund managers and fund sales institutions that have signed agency sales agreements with them, no other institutions or individuals may display or transmit performance-related information such as fund net value.

According to Cailianshe, starting from July 26, Private Equity Ranking Network gradually removed all non-distribution private equity product performance. The industry pointed out that if private equity ranking network and other third-party platforms are not signed for distribution, the performance of private equity fund products will not be displayed, which may further reduce the fundraising space for small and medium-sized private equity funds.

Comprehensively from the public account of Private Equity Ranking Network and Cailianshe