强监管延续！年内141家私募收函，还有知名歌手旗下机构被警示

Core Viewpoint - A significant number of private equity firms in China are being deregistered due to regulatory violations, indicating a trend towards stricter oversight in the private equity sector to protect investor rights and stabilize the capital market [1][3][5]. Group 1: Deregistration of Private Equity Firms - On April 25, the Asset Management Association of China (AMAC) announced the deregistration of five private equity firms due to abnormal operational conditions, bringing the total to 437 firms deregistered in 2023 [3][4]. - Among the 437 deregistered firms, 172 chose to deregister voluntarily, while 244 were deregistered by the association, and 20 were deregistered due to inactivity for 12 months [3][4]. Group 2: Regulatory Actions and Violations - A total of 141 private equity firms have been "named" for regulatory violations in 2023, with issues including failure to conduct proper investor qualification checks and mismanagement of fund assets [5][6]. - Notably, two firms controlled by singer Hu Haiquan received warning letters for failing to fulfill their fiduciary duties and for inadequate risk assessments of investors [4][5]. Group 3: Financial Penalties - Guangdong Huadi Investment Group was fined 1.05 million yuan for misappropriating fund assets and failing to disclose information as required, highlighting the financial repercussions of regulatory non-compliance [6][7]. - The penalties serve as a warning to other firms regarding the importance of adhering to regulations in all stages of fund management, including fundraising, investment, management, and exit [6][7]. Group 4: Future Regulatory Recommendations - Experts suggest implementing digital regulation and enhancing compliance education for private equity executives and fund managers to ensure adherence to regulations and protect investor rights [7][8]. - The focus on strengthening the regulatory framework aims to eliminate poor-performing firms and promote high-quality development within the private equity market [3][7].