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知名私募旗下产品被限制参与网下打新,什么情况?
Zheng Quan Shi Bao·2025-07-30 22:56

Core Viewpoint - The well-known private equity firm Ningquan Asset's "Ningquan Zhiyuan No. 55 Private Securities Investment Fund" has been restricted from participating in offline IPO subscription activities for six months, from June 20, 2025, to December 19, 2025, as listed by the China Securities Association [1][2]. Group 1: Company Overview - Ningquan Asset, officially known as Shanghai Ningquan Asset Management Co., Ltd., was founded by prominent asset manager Yang Dong in January 2018, with a registered capital of 20 million yuan [2]. - Yang Dong has held significant positions in the financial industry, including General Manager of the Trading Department at Industrial Securities from 1992 to June 2003 and General Manager of Xinchuan Fund Management Co., Ltd. from June 2003 to January 2017 [2]. - Ningquan Asset has developed into a leading player in the domestic stock private equity sector, with a current management scale exceeding 40 billion yuan [2]. Group 2: Regulatory Environment - In March of this year, the "Management Rules for Offline Investors in Initial Public Offerings" were revised to further regulate offline subscription activities, making it a focus of regulatory scrutiny [3]. - The new rules explicitly prohibit twenty types of behaviors for offline investors, including false reporting, using multiple accounts for bidding, and colluding with issuers or underwriters [3]. - There has been an increase in regulatory actions, with three institutions and two individuals already placed on the restriction list this year due to issues such as inadequate pricing diligence and incomplete operational processes in offline subscription activities [3][4].