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私募基金财产用于借贷活动!监管出重拳
券商中国·2025-09-21 23:36

Core Viewpoint - Recent regulatory actions highlight the increasing scrutiny on private equity firms in China for deviating from their core business activities, particularly involving the misuse of fund assets for lending purposes [2][3][5]. Summary by Sections Regulatory Actions - Hainan Securities Regulatory Bureau issued a warning letter to Green Creation Fund Management (Hainan) Co., Ltd. for failing to report significant matters in a timely manner and for using private fund assets for lending activities [2][3]. - This marks the second instance in September where a private equity firm in Hainan has been penalized for similar violations, following Hainan Zhuodai Fund Management Co., Ltd. [5]. Compliance Issues - The core issue identified is a lack of compliance awareness among personnel in private equity firms, leading them to treat fund management as a typical business and prioritize economic gains over their primary responsibilities [2][3]. - Hainan Zhuodai Fund's main revenue sources were found to be unrelated to private fund management, primarily deriving from financial advisory services [5]. Broader Industry Trends - Other regulatory bodies, such as the Shenzhen Securities Regulatory Bureau, have also intensified their oversight on private equity firms engaging in non-core activities, including selling unrelated products and providing consulting services [6]. - In July, two private equity firms in Chongqing received warning letters for misusing fund assets, including improper investments and lending activities [6][7]. Training and Compliance Initiatives - Hainan Securities Regulatory Bureau has initiated a series of compliance training sessions for private fund managers to reinforce regulatory awareness and operational standards [7].