Core Viewpoint - The article presents six recommendations from Jia Wenqin, the director of Beijing Securities Regulatory Bureau, aimed at improving the capital market, including measures to combat financial fraud, revise the Securities Investment Fund Law, and enhance the governance of illegal internet financial activities [1]. Group 1: Strengthening Regulations Against Financial Fraud - Jia Wenqin emphasizes the need for stricter accountability for third parties involved in financial fraud, suggesting amendments to the Securities Law and the introduction of regulations to clarify the legal responsibilities of these parties [2]. - The proposal includes enhancing the collaborative mechanism for addressing third-party fraud and improving the reporting and processing of fraud-related leads [2]. Group 2: Revising the Securities Investment Fund Law - The recommendation to amend the Securities Investment Fund Law aims to include private equity funds under its scope and adapt regulations to current industry developments [3]. - Suggestions include broadening the investment scope for public funds and establishing a liquidity support mechanism for public funds [3]. Group 3: Improving Special Representative Litigation System - The article discusses the importance of the special representative litigation system in protecting investors' rights and increasing the cost of illegal activities in the capital market [4]. - Recommendations include simplifying the initiation process for special representative litigation and expanding the range of entities that can initiate such lawsuits [5]. Group 4: Facilitating Subrogation Lawsuits by Investor Protection Agencies - Jia Wenqin highlights the challenges faced by investor protection agencies in initiating subrogation lawsuits and suggests developing judicial interpretations to clarify procedures and enhance the effectiveness of this system [6]. Group 5: Developing S Funds and Diversifying Exit Channels - The article introduces the concept of S Funds, which are private equity secondary market funds, and emphasizes their role in providing exit strategies for private equity and venture capital investments [7]. - Recommendations include encouraging participation from state-owned capital and insurance companies in the S Fund market and optimizing tax policies related to fund share transfers [7]. Group 6: Strengthening Governance of Illegal Internet Financial Activities - Jia Wenqin calls for enhanced governance of illegal internet financial activities, proposing the establishment of standards for financial information content on internet platforms and improved regulatory collaboration [8]. - The use of technology, such as big data and artificial intelligence, is recommended to enhance the identification and management of illegal financial activities [8].

Group 1: Core Recommendations - The article presents six key recommendations from Jia Wenqin, the director of Beijing Securities Regulatory Bureau, aimed at improving the capital market, including enhancing the accountability for third-party involvement in financial fraud, revising the Securities Investment Fund Law, and strengthening governance against illegal financial activities on the internet [1][3][4][13]. Group 2: Accountability for Financial Fraud - Jia emphasizes the need for stricter accountability measures against third parties involved in financial fraud, suggesting amendments to the Securities Law and the introduction of regulations to clarify the legal responsibilities of these parties [3][2]. - The proposal includes establishing a collaborative regulatory mechanism with relevant departments to enhance the detection and handling of financial fraud cases [3]. Group 3: Revision of Securities Investment Fund Law - The recommendation to revise the Securities Investment Fund Law aims to include private equity funds under its jurisdiction and adapt the regulations to current industry developments [5]. - Suggestions include broadening the investment scope for public funds and establishing a liquidity support mechanism for public funds [5]. Group 4: Special Representative Litigation System - The article discusses the importance of the special representative litigation system in protecting investors' rights and increasing the cost of illegal activities in the capital market [7][8]. - Recommendations include simplifying the initiation process for special representative lawsuits and expanding the range of entities that can initiate such lawsuits [8]. Group 5: Facilitation of Subrogation Lawsuits by Insurance Institutions - Jia proposes to enhance the process for insurance institutions to initiate subrogation lawsuits, suggesting the development of judicial interpretations and detailed work rules to improve the effectiveness of this system [10]. Group 6: Development of S Funds - The article highlights the need for the development of S Funds, which are private equity secondary market funds, to provide exit channels for private equity and venture capital investments [11]. - Recommendations include encouraging participation from state-owned capital and insurance companies in the S Fund market and optimizing tax policies related to fund share transfers [11]. Group 7: Governance of Illegal Internet Financial Activities - Jia calls for strengthened governance against illegal financial activities on the internet, proposing the establishment of standards and responsibilities for financial information management on online platforms [13]. - The recommendations also include enhancing regulatory collaboration and utilizing technology for better identification and management of illegal financial activities [13].

以下文章来源于投资界前哨 ，作者吴琼 投资界前哨 . 做投资界最新动态的瞭望者 联手科勒资本。 作者 I 吴琼 报道 I 投资界-投资界前哨 最新一笔人民币S交易诞生。 当中的具体操作，或许能为眼下一级市场的退出困境带来启发。 金沙江创投LP成功退出 投资界前哨获悉，今日（2月24日），科勒资本宣布与金沙江创投成功完成一笔GP主导 私募二级市场交易，涵盖八项中国消费与科技行业的优质高增长型资产，交易金额2. 2 9 亿元人民币。其中，科勒资本为本次交易的唯一领投方。 揭秘交易细节 时间回到20 23年，科勒资本完成"科勒资本私募二级市场第一期人民币基金"（Coll e r Ca pit a l Se c onda ri e s RMB I Fu nd）的首次关账。随后，科勒团队敲定首笔交易——与 君联资本完成一笔3. 1 5亿元的GP主导交易，投资组合中包括六项优质的医疗行业资产。 沿着相似的逻辑，科勒团队继续在业内挖掘潜在的投资机会。而另一边，与科勒资本北 京办公室一街之隔的金沙江创投，也在寻找可行的退出路径，以履行对 LP利益的承诺。 资料显示，金沙江创投旗下"苏州金沙江朝华创业投资合伙企业（有限合伙）" ...