证监会：顶格重罚！

Core Viewpoint - The China Securities Regulatory Commission (CSRC) has imposed a record fine of 35.25 million yuan on Zhejiang Youce Investment Management Co., Ltd. for serious violations, including the misappropriation of fund assets and submission of false information, leading to a lifetime market ban for the actual controller [1][4][5]. Group 1: Regulatory Actions - The Zhejiang Securities Regulatory Bureau fined Youce Investment 21 million yuan and three responsible individuals a total of 14.25 million yuan, marking the heaviest penalty in the private equity regulatory field [4][5]. - The actual controller, Huang Wei, received a lifetime ban from the securities market, and the China Securities Investment Fund Industry Association revoked the management registration of Youce Investment [5][6]. Group 2: Violations Identified - Youce Investment was found to have misappropriated fund assets and provided false information regarding its actual controller, which was misreported as Li Xiaoqing instead of Huang Wei [11]. - From November 2018 to the investigation date, Youce Investment transferred 9.55 billion yuan from investment layer products to accounts outside the fund's custody, which has not been returned [11][12]. Group 3: Additional Violations - The company was also cited for mixing office space, business, and personnel with affiliated entities, and for failing to meet investor risk assessment requirements [15]. - The Fund Industry Association's disciplinary decision included the revocation of Youce Investment's management registration, prohibiting the use of terms like "fund" or "fund management" in future private equity activities [15].