上海、广东等多地证监局发文自查，私募行业规范化运作加速推进

Core Viewpoint - Multiple local securities regulatory authorities in China are initiating self-inspection and rectification activities for private equity management firms to ensure compliance with regulations and improve operational standards [1][6][10]. Group 1: Regulatory Actions - The Guangdong Securities Regulatory Bureau issued a notice requiring private equity firms registered in the province (excluding Shenzhen) to conduct self-inspections by May 31, focusing on compliance in promotional activities, fundraising, and investment operations [1]. - The Shanghai Securities Regulatory Bureau mandated private equity managers to evaluate their operations and submit self-assessment reports by June 15 [2]. - The Henan Securities Regulatory Bureau launched a special action from April 30 to November 30, 2025, encompassing self-inspection, analysis, on-site checks, and promotional guidance [6]. Group 2: Compliance and Training - Private equity firms are required to organize training sessions for their controlling shareholders and employees to enhance understanding of current laws and self-regulatory rules, aiming to strengthen compliance culture [2]. - Firms must review typical cases of violations published by the regulatory authorities to identify and rectify their own issues [2]. Group 3: Enforcement and Penalties - As of May 9, 2023, various regulatory authorities have issued penalties to nearly 100 private equity managers across 21 regions, with approximately 60% of the penalized firms managing assets between 0-5 billion yuan [8][11]. - Notable firms, including three billion-yuan private equity managers, have also faced penalties for various violations, such as improper fund management and failure to disclose information to investors [8]. Group 4: Industry Trends - The private equity industry is experiencing a wave of exits, with 455 firms deregistering as of May 9, 2023, indicating a tightening regulatory environment [11].