魔鬼在细节！净值填错，宁泉资产产品被禁打新！

Core Viewpoint - Ningquan Asset has recently come under scrutiny due to its "Ningquan Zhiyuan No. 55 Private Securities Investment Fund" being placed on a restricted list for participating in offline IPO subscriptions, effective from June 20, 2025, for a duration of six months [1][2]. Group 1: Company Overview - Ningquan Asset was founded in January 2018 by Yang Dong, who has 33 years of industry experience, and has gained significant recognition in the industry [4]. - As of the end of Q1 this year, Ningquan Asset managed approximately 45 billion yuan [4]. - The company has a total of 26 employees, with 18 in the investment research team, and focuses on sectors such as new energy, TMT (Technology, Media, and Telecommunications), semiconductors, pharmaceuticals, consumer goods, and finance [4]. Group 2: Incident Details - The restriction on the "Ningquan Zhiyuan No. 55" fund was attributed to a manual error in inputting net asset values [3]. - Other private equity firms have faced similar issues, indicating that errors in reporting, non-compliance, and procedural irregularities can lead to restrictions on participating in IPOs [4][6]. - The recent restrictions serve as a warning to the industry about the importance of compliance and thorough internal processes [6][7]. Group 3: Regulatory Context - The revised "Management Rules for Offline Investors in Initial Public Offerings" published on March 28 has made compliance in offline IPO participation a regulatory focus, outlining 21 prohibited behaviors [7]. - Institutions like GF Securities and Zhonghai Fund have also been restricted for various compliance failures, highlighting a broader trend of increased scrutiny in the industry [8][11].