many institutions were “named” by supervision
2024-09-27
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
recently, a number of private equity funds have been “named” by regulatory authorities. 28 private equity institutions located in shenzhen were "named out" by the shenzhen securities regulatory bureau because they failed to complete the change procedures with the china securities investment fund association (hereinafter referred to as the "china asset management association") in a timely manner after the registration information of shareholders and legal representatives was changed. ". among them is china general nuclear power industrial investment fund management co., ltd., a private equity arm of a central enterprise.
analysts believe that the shenzhen securities regulatory bureau’s announcement of the list is not only to let investors better understand the market situation, but also to alert some institutions that are “pretending to be asleep”.
it is worth noting that since the beginning of this year, the trend of cancellation of private equity funds has continued, and the survival of the fittest in the industry has accelerated. the official website of the china fund management association shows that as of september 25, the registration status of 1,271 private equity fund managers has changed to canceled since this year.
private equity affiliated to state-owned enterprises was “named”
recently, the "shenzhen securities regulatory bureau's announcement on the list of private equity fund managers in the areas under its jurisdiction that have not updated the registration information of their main investors or legal representatives with the asset management association of china" published on the website of the shenzhen securities regulatory bureau shows that since the launch of the shenzhen securities regulatory bureau in 2016 since the private equity joint consultation work to the end of the first quarter of 2024, a total of 28 institutions in shenzhen have changed their main investors or legal representatives in commercial registration through the joint consultation mechanism but have not completed the change procedures with the china foundation association in accordance with relevant regulations. home.
according to the provisions of article 47 of the "registration and filing measures for private equity investment funds", if the registration information of shareholders and legal representatives changes, the private equity fund manager shall complete the change procedures with the china fund management association within 10 working days from the date of change.
the shenzhen securities regulatory bureau reminds investors that investors should pay attention to changes in the main investors or legal representatives of private equity fund managers, choose private equity fund managers carefully, and pay attention to investment risks. in the future, the shenzhen securities regulatory bureau will regularly publicize the above list information, and private equity fund managers are required to perform change procedures in a timely manner in accordance with the relevant provisions of the "registration and filing measures for private equity investment funds".
among the 28 private equity institutions announced this time, one includes china general nuclear power industry investment fund management co., ltd., a private equity institution with a management scale of tens of billions of yuan under a central enterprise.
information disclosed this time shows that the legal representative of china guangdong nuclear power industry investment fund management co., ltd. registered with the industrial and commercial registration is li yixiang, and the legal representative registered with the china foundation association is zhang qibo. in addition, its shareholders registered with the industry and commerce bureau are: china general nuclear power capital holdings co., ltd. holds 85% of the shares, and china three gorges capital holdings co., ltd. holds 15% of the shares; shareholders registered with the china foundation association are: cgn capital holdings co., ltd. holds 65% of the shares, china cinda asset management co., ltd. holds 20% of the shares and china three gorges capital holdings co., ltd. holds 15%.
qichacha information shows that china general nuclear power industry investment fund management co., ltd. is 85% owned by china general nuclear power capital holdings co., ltd. and 15% by china three gorges capital holdings co., ltd. cgn capital holdings co., ltd. is 100% controlled by china general nuclear power group co., ltd., a state-owned enterprise. historical shareholder information of cgn industrial investment fund management co., ltd. shows that china cinda asset management co., ltd. will exit on april 12, 2024, with a shareholding ratio of 20% at the time of exit.
according to information published on the website of the china fund management association, currently, cgn industrial investment fund management co., ltd. has "abnormal information submission" and "there are funds in liquidation status for a long time" prompt messages. institutional information shows that the management scale of china general nuclear power industry investment fund management co., ltd. is more than 10 billion yuan. institutional information was last updated on april 28, 2024.
however, public information from the china foundation association also shows that china general nuclear power industry investment fund management co., ltd. submitted major changes on september 18. the changes include: changes in subject qualification certification documents and related content, changes in investors, changes in senior executives, investment personnel changes.
there are also many private equity funds that have been "named"
the irregular behavior of private equity institutions in the shenzhen jurisdiction was publicly disclosed by the regulatory authorities, which also served as a wake-up call for other private equity institutions. analysts believe that the shenzhen securities regulatory bureau’s announcement of the list is not only to let investors better understand the market situation, but also to alert some institutions that are “pretending to be asleep”.
on september 20, the china foundation association website disclosed multiple disciplinary decisions, among which shenzhen zerun equity investment fund management co., ltd. was deregistered as a private equity fund manager.
in addition to the china fund management association, the china national association of financial market institutional investors also recently publicly "named" a private equity fund company.
according to the review decision of the 10th self-regulatory sanction meeting in 2024 on the official website of the national association of financial market institutional investors, in november 2023, during the book-building and issuance process of a certain issuer’s debt financing instruments, shanghai anfang private equity management co., ltd. (hereinafter referred to as "placement funds") participated in bond subscriptions at high multiples for the purpose of improper demand, and canceled subscriptions intensively before the completion of bookkeeping, causing serious interference to bookkeepers and investors in judging the true market situation, and disrupting market order. in accordance with the relevant self-regulatory regulations of the inter-bank bond market, the placement of funds will be publicly condemned after preliminary review and review at the self-regulatory disciplinary meeting.
according to the official website of china foundation association, anfang fund was established in september 2015, with an asset management scale of 2 billion to 5 billion yuan. its legal representative and general manager xiao siyuan has many years of banking experience and became the general manager of anfang fund in january 2022.
private equity funds continue to “support the good and limit the bad”
in fact, since this year, the "support for the good and limit the bad" has also been reflected in the number of cancellations by private equity institutions. the announcement of canceled private equity fund managers on the official website of the china foundation shows that as of september 25, the registration status of 1,271 private equity fund managers has changed to canceled since this year. among them, 705 were canceled by associations, 421 were canceled on their own initiative, 12 were canceled in accordance with announcements, and 133 were canceled because they had no funds under management within 12 months.
in terms of cancellation types, the number of private equity fund managers canceled by associations has increased significantly. according to mathematical statistics from the official website of the china foundation association, a reporter from the financial times found that in the same period in 2023, 1,630 associations canceled and 471 voluntarily canceled; in the same period in 2022, 507 associations canceled and 990 voluntarily canceled; in the same period in 2021, 470 associations canceled voluntarily. 438 homes.
on the other hand, since this year, the number of existing private equity fund managers has shown a downward trend. the "monthly report on registration and product filing of private equity fund managers" of the china fund management association shows that as of the end of july 2024, there were 20,732 private equity fund managers in existence, with 150,543 funds under management and a fund management scale of 19.69 trillion yuan. in comparison, the above three aspects of data have all declined compared with the end of last year: as of the end of december 2023, there were 21,625 private equity fund managers in existence, the number of managed funds was 153,079, and the scale of managed funds was 20.58 trillion yuan.
according to the monthly registration status of private equity fund managers, from january to july this year, 18, 6, 10, 17, 7, and 10 institutions passed the comprehensive reporting platform for asset management business of china asset management association. , 10.
analysts believe that private equity funds continue to "support the good and limit the bad", which has increased the compliance requirements of the private equity industry. by raising the entry threshold, strengthening filing and review, and strengthening self-examination, the healthy and stable development of the market is ensured.
the latest statement from the deputy governor of the central bankthe first trial of the corruption and bribery case of tang shuangning, the former chairman of everbright group, has begun!come out quickly! there are big changes in this loan policy → source: financial times clientfollow the financial times official account to see more exclusive news information
