最高法、证监会：依法规范私募基金市场发展 全面保护投资者正当权益

Core Viewpoint - The Supreme People's Court and the China Securities Regulatory Commission have jointly issued guidelines to regulate the private equity fund market and protect investors' legitimate rights and interests [1] Group 1: Regulatory Framework - The guidelines emphasize the need for lawful adjudication of disputes between private equity fund managers and investors, focusing on various stages such as product promotion, contract signing, fundraising, registration, investment management, information disclosure, liquidation, and loss determination [1] - The guidelines require accurate identification of the duties and responsibilities of trustees, including fund managers and custodians, based on relevant laws such as the Trust Law and the Securities Investment Fund Law [1] Group 2: Investor Protection - The guidelines aim to comprehensively protect investors' legitimate rights and interests by ensuring that any misappropriation of fund assets by managers that prevents the achievement of fundraising objectives is addressed [1] - Courts are instructed to support investors' requests for early dissolution and liquidation of funds when the fund's assets or underlying investments have no realizable value [1]