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Beijing News Shell Finance (Reporter Xu Yuting) On August 16, regarding the situation of "only 86,000 yuan left of the 1.252 billion yuan deposit of the private equity fund", Chang'an Bank Customer Service said that Chang'an Bank had issued a relevant statement in mid-July, saying that Zhejiang Youce Investment Management Co., Ltd. (hereinafter referred to as "Zhejiang Youce") had opened a special deposit account at Chang'an Bank Baoji Branch, which was only used for daily deposits and settlements according to the contract. Chang'an Bank has no custodian qualifications and is not a custodian entrusted by the fund. The account opened by Zhejiang Youce at Chang'an Bank Baoji Branch is not a custodian account for securities investment funds.

The customer service said that after Zhejiang Youce opened an account in Chang'an Bank, it applied in accordance with the relevant supplementary agreement. Online banking has been opened for all of the above accounts of Zhejiang Youce, and account transaction details can be checked through online banking at any time. During the period of the account, Zhejiang Youce completed the reconciliation on a monthly basis, so Zhejiang Youce was unable to know the account transaction details and account balance in a timely manner, and there was no situation where Chang'an Bank failed to provide the account balance statement as agreed.

On August 15, it was reported that the 1.252 billion yuan in deposits disclosed in the annual reports of Zhejiang Youce Investment's three funds deposited in Chang'an Bank had almost all been transferred away. By July this year, the balance in the bank deposit account was only 86,000 yuan, and the fund manager had also suspended subscription and redemption services.

Edited by Chen Li, Proofread by Yang Li