12亿私募资金离奇失踪背后 浙江优策遭顶格重罚

Core Viewpoint - The China Securities Regulatory Commission (CSRC) Zhejiang Regulatory Bureau has imposed unprecedented penalties on Zhejiang Youce Investment Management Co., Ltd. for serious violations of private fund laws, including misappropriation of nearly 1 billion yuan in fund assets and falsification of product information [1][11][20]. Group 1: Violations and Penalties - Youce Investment misappropriated nearly 1 billion yuan in fund assets and engaged in systematic fraud, leading to a total fine of 35.25 million yuan, including 21 million yuan for the company and 14.25 million yuan for three responsible individuals [1][20]. - The actual controller, Huang Wei, received a lifetime ban from the securities market and a fine of 9 million yuan, while other responsible individuals were also penalized [1][20]. - The fund industry association revoked Youce Investment's registration as a fund manager, and relevant criminal evidence has been transferred to law enforcement [1][20]. Group 2: Background and Structure - Youce Investment was established in December 2016 and registered as a private securities fund manager in November 2017, managing over 2 billion yuan before its cancellation in December 2025 [2][13]. - The company created a complex product structure involving eight fundraising layer products and three investment layer products, all of which were supposed to invest in bank agreement deposits [2][13][16]. Group 3: Fraudulent Activities - The company engaged in three main fraudulent activities: 1. Providing false information about the actual controller, misreporting Huang Wei as "Li Xiaoqing" until the investigation [6][16]. 2. Misappropriating fund assets, with 9.55 billion yuan still unreturned as of July 2024 [7][17]. 3. Falsifying product information over four years, with discrepancies in asset, income, and net value reporting for 11 fund products [8][18]. Group 4: Regulatory Response and Industry Implications - The CSRC emphasized the need to uphold investor rights and market order, pledging to rigorously enforce regulations against private fund violations [12][22]. - The case reflects a broader trend of increased regulatory scrutiny in the private fund sector, with over 8,000 illegal or inactive institutions eliminated in recent years [10][22]. - The regulatory approach combines punishment with education to promote compliance and high-quality development in the private fund industry [22].