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China News Service, August 19. According to the Hunan Securities Regulatory Bureau website on the 19th, the Hunan Securities Regulatory Bureau issued a warning letter to Changsha Fusenhai Private Equity Fund Management Co., Ltd.

Source: Hunan Securities Regulatory Bureau website

The Hunan Securities Regulatory Bureau stated that upon investigation, Changsha Fusenhai Private Equity Fund Management Co., Ltd. handed over the "Fusenhai Double Wheel No. 1 Private Equity Securities Investment Fund" it managed to a third-party individual to make trading decisions and place orders, and the product fund manager did not actually participate in the fund operation.The company and its employees failed to perform their duties in accordance with regulations。

The above-mentioned acts violated the relevant provisions of Article 23, paragraph 1, item 7 of the "Interim Measures for the Supervision and Administration of Private Investment Funds" (CSRC Order No. 105, hereinafter referred to as the "Private Measures") and Article 5 of the "Interim Provisions on the Operation and Management of Private Asset Management Business of Securities and Futures Institutions" (CSRC Announcement No. 13, 2016, hereinafter referred to as the "Interim Provisions").

According to Article 33 of the Private Placement Measures and Article 12 of the Interim Provisions,Hunan Securities Regulatory Bureau decided to take administrative supervision measures against Changsha Fusenhai Private Equity Fund Management Co., Ltd. by issuing a warning letter, and recorded in the China Capital Market Integrity Information Database.

also,As the legal representative of the company and the fund manager of the above-mentioned products, He Yingwen is directly responsible for the violations.According to relevant regulations,Hunan Securities Regulatory Bureau decided to take administrative supervision measures against it by issuing a warning letter, and recorded in the China Capital Market Integrity Information Database.

Data from Tianyancha APP shows that Changsha Fusenhai Private Equity Fund Management Co., Ltd. was established in May 2014 with a registered capital of RMB 10 million. Its business scope is private equity investment fund management services. (China News Service APP)