近日，浙江证监局公布一则罚单，将私募治理乱象彻底曝光。 其一，委托他人募集资金，受托方无基金销售资格 浙江证监局调查发现，杭州兴健私募基金管理有限公司存在"委托他人募集资金，受托单位或个人不具 有基金销售业务资格"的行为。 其二，以虚假、片面、夸大等方式开展宣传推介 该公司在基金宣传过程中，存在"以虚假、片面、夸大等方式开展宣传推介"的问题。 其三，未按照规定履行职责 监管查明，杭州兴健私募存在"玩忽职守，不按照规定履行职责"的情况。 其四，不公平对待投资者 该公司存在"不公平对待投资者"的违规行为。 罚单的主角是一家名为杭州兴健私募基金管理有限公司的私募（以下简称"杭州兴健私募"）。 罚单显示：上述私募存在委托无资格主体募集资金、虚假宣传、未履行信息披露义务等多项违规行为。 资事堂依据罚单内容，将涉事私募的"七宗罪"梳理如下： 其五，未按规定履行信息披露义务 杭州兴健私募"未按规定履行信息披露义务，未向投资者披露影响其合法权益的重大信息"。 其六，投资层级复杂且风控措施缺失 监管发现，该公司"投资层级复杂、未建立有效的风控措施"。 其七，未严格履行投资者适当性认证 杭州兴健私募存在"未严格履行投资者适当性认 ...

Core Viewpoint - Shenzhen Securities Regulatory Bureau announced that Ding Tai Si Fang (Shenzhen) Private Securities Fund Management Co., Ltd. violated regulations in its private fund operations, including failing to independently fulfill certain investment management responsibilities and treating different investors unfairly within the same fund [1] Group 1 - The Shenzhen Securities Regulatory Bureau issued a warning letter to Ding Tai Si Fang Private Fund, as well as to individuals Yao Yimin and Chen Yongbao, for their involvement in the violations [1] - The violations included not adhering to the duty of diligence and prudence in managing and utilizing private fund assets [1] - The actions of the responsible individuals indicated a lack of compliance with relevant behavioral norms in the management of private funds [1]

备受业界关注的第16届"上证·金阳光"私募基金评选正式启动。 "上证·金阳光"奖是由上海证券报、中国证券网主办，并联合权威评价机构，秉持公开、公正、公平原 则评选出来的奖项，目前已成为中国资本市场评选历史最悠久、影响力最大、最受业内认可的权威奖项 之一。 过去几年，私募基金行业在市场考验中经历了一轮深度"洗牌"。中国证券投资基金业协会（简称"中基 协"）统计数据显示，截至2025年6月末，存续私募基金管理人19756家，相比于年初的20289家减少了 533家。 劣币出清背后，是监管力量持续助推私募业走上规范发展之路。去年4月，中基协正式发布《私募证券 投资基金运作指引》，从募集、投资、运作等环节为私募证券投资基金规范运作提供了展业指南。今年 7月，《程序化交易管理实施细则》正式实施，标志着国内量化私募业进入了规范发展的时代。 令人欣喜的是，优胜劣汰加速过程中，越来越多"专业队伍"开始涌入私募业。据记者不完全统计，截至 8月13日，今年以来已有32家私募证券投资基金管理人完成登记，新登记私募的创始人大多具有公募、 券商等行业的从业经历。 "剩者为王"的管理人也收获了更大的市场份额。中基协数据显示，截至6月末， ...

北京商报讯（记者 郝彦）8月12日，浙江证监局发布公告表示，杭州兴健私募基金管理有限公司（以下简称"杭州兴健私募"）存在以下行为：委托他人募集 资金，受托单位或个人不具有基金销售业务资格；虚假、片面、夸大等方式开展宣传推介；玩忽职守，不按照规定履行职责；不公平对待投资者；未按规定 履行信息披露义务，未向投资者披露影响其合法权益的重大信息；投资层级复杂、未建立有效的风控措施；未严格履行投资者适当性认证。 上述行为违反规定，浙江证监局决定对杭州兴健私募采取出具警示函的监督管理措施，并记入证券期货市场诚信档案。 楼海淼作为公司法定代表人、总经理、执行董事，对公司上述问题负有主要责任，也被采取出具警示函的监督管理措施，并记入证券期货市场诚信档案。 ...

Group 1 - The company plans to establish a partnership with Shanghai Guoke Longhui Private Fund Management Co., Ltd. to set up the Hangzhou Guoke Venture Capital Partnership, with a total fund size not exceeding RMB 400 million, and the company intends to contribute up to RMB 200 million, accounting for no more than 50% of the partnership's subscribed capital [1][2] - The investment aims to leverage the management experience and resources of the fund manager and other partners to expand the company's business layout, deepen collaboration with core customers, and enhance profitability and core competitiveness [4][5] - The fund will focus on hard technology sectors such as integrated circuits and artificial intelligence [3] Group 2 - The management fee for the investment period will be calculated at 2% per year based on the total paid-in capital of all partners, while the exit period will incur a management fee of 1% per year [3] - The investment decision-making body will be a committee composed of three members, with two appointed by the executing partner and one by the company [3] - The company will continue to monitor the investment progress and disclose updates in accordance with relevant regulations [4][5]

Core Insights - The performance of private equity products reached a historical high in July 2025, with A-share indices showing significant upward trends, with the Shanghai Composite Index rising by 3.74%, the Shenzhen Component Index by 5.20%, and the ChiNext Index by 8.14% [1] - A total of 2,761 private equity products achieved historical net value highs in July 2025, representing approximately 60.43% of the products with performance data available for nearly one year [1] - Among these products, 1,214 were quantitative, while 1,547 were non-quantitative, with stock strategy products being the most prevalent, accounting for about 60% [1][2] Group 1: Product Performance - The majority of high-performing products came from private equity firms with assets under management below 500 million, totaling 1,122 products, while 379 products were from firms managing over 10 billion [2] - There were 21 products that had been established for over 10 years, with 15 of them classified as "Double Ten Funds," indicating annualized returns exceeding 10% [2] Group 2: Strategy Breakdown - The top-performing private equity products by strategy included 1,654 stock strategy products, 393 multi-asset strategy products, 327 futures and derivatives strategy products, 290 bond strategy products, and 97 combination fund products [1][2] - In the quantitative stock strategy category, there were 478 products, with the top 20 yielding over a specified threshold [6][10] Group 3: Notable Firms and Managers - Notable firms included Hainan Shengfeng Private Equity, which had a product ranked 9th among the top 20, with a recent scale of approximately *** billion and a near one-year return close to ***% [10] - The top-performing product in the subjective long strategy category was managed by Nengjing Investment Holdings, which had two products in the top rankings [11][13] Group 4: Sector Insights - The private equity market is currently characterized by a bullish sentiment, with high expectations for quality growth stocks, particularly in sectors like innovative pharmaceuticals, AI, and stablecoin financial innovations [5] - The bond strategy products also showed strong performance, with 203 products achieving historical highs, and the top five returns coming from firms like Yuankang Private Equity and Jiaze Fund [24][25]

【导读】两位公募老将联手创业，上海大康永祺私募基金完成备案登记 中国基金报记者 吴君 近日，中国证券投资基金业协会（以下简称协会）官网披露了最新完成备案登记的一批私募基金管理人，基金君留意到，其中一家私募叫"上海大康永祺 私募基金管理有限公司"（以下简称大康永祺私募），该公司总经理刘浩峰，是十年公募老将，两年前因差点成为上市公司爱司凯实际控制人，引发市场 广泛关注。如今他联手原来在公募的老同事陈蔚丰一起创业，未来发力二级市场证券投资领域。 具体来看，协会网站信息显示，大康永祺私募成立于2025年1月8日，并于2025年8月8日完成私募证券投资基金管理人登记；公司注册资本为1000万元，注 册和办公地都在上海市浦东新区，目前有6名全职员工。 | 机构信息 | | | --- | --- | | 基金管理人全称(中文) | 上海大康永祺私募基金管理有限公司 | | 基金管理人全称(英文) | | | 登记编号 | P1075020 | | 组织机构代码 | 91310000MAE8908E48 | | 登记时间 | 2025-08-08 | | 成立时间 | 2025-01-08 | | 主册地址 | 上海市浦东 ...

Core Viewpoint - The establishment of Shanghai Dakang Yongqi Private Fund Management Co., Ltd. marks a significant move by experienced public fund veterans Liu Haofeng and Chen Weifeng to enter the private equity market, focusing on secondary market securities investment [2][8]. Group 1: Company Overview - Shanghai Dakang Yongqi Private Fund Management Co., Ltd. was established on January 8, 2025, and completed its private securities investment fund manager registration on August 8, 2025 [2][3]. - The company has a registered capital of 10 million yuan and is located in the Pudong New Area of Shanghai, with a total of 6 full-time employees [3][4]. Group 2: Founders' Background - Liu Haofeng holds an 80% stake in the company, while Chen Weifeng holds a 20% stake. Both have previously worked together at Pu Yin An Sheng Fund [4]. - Liu Haofeng has over 30 years of experience in the finance industry, having worked in various roles including industry researcher and fund manager at Pu Yin An Sheng Fund [5][6]. - Chen Weifeng has 17 years of financial experience, previously managing multiple funds at Pu Yin An Sheng Fund and later at Great Wall Fund [8][9]. Group 3: Recent Developments - In January 2023, Liu Haofeng's company, Carbon Base Development, planned to acquire a 23.08% stake in the listed company Aisikai, which would have made him the actual controller, but the plan was later terminated [7].

据江苏证监局日前公告，江阴米利都私募基金管理合伙企业(有限合伙)被出具警示函。 | 赏 | bm56000001/2025-00009586 | ਦੇ 类 | 基金监管;行政监管措施 | | --- | --- | --- | --- | | 发布机构 | | 发文日期 | 2025年08月06日 | | 郡 名 | 江苏证监局关于对江阴米利都私募基金管理合伙企业（有限合伙）采取出具警示函措施的决定 | | | | 文 특 | 〔2025〕 129号 | 主题词 | | 经查，江阴米利都私募基金管理合伙企业 管理的私募基金多次发生异常交易，公司未履行诚实信用、谨慎勤勉义务，违反了《暂行办法》第四条第一款规 定。 根据有关规定， 江苏证监局决定对江阴米利都私募基金管理合伙企业采取出具警示函的行政监管措施。 同时，江苏证监局指出，江阴米利都私募基金管理合伙企业应高度重视，充分吸取教训，加强合规管理，并于收到该决定书30日内向江苏证监局提交落实情 况说明。 据天眼查，江阴米利都私募基金管理合伙企业 (有限合伙) (曾用名：江阴米利都投资管理中心 (有限合伙) ) ，成立于2020年，位于江苏省无锡市，是一家以 从事 ...

Core Viewpoint - The private equity fund industry has experienced rapid growth, contributing significantly to direct financing, innovation capital formation, and supporting technological innovation and industrial restructuring. However, this growth has been accompanied by various irregularities that threaten the industry's reputation and investor rights [1][2]. Group 1: Industry Growth and Current Status - As of December 30, 2021, there were 24,577 registered private equity fund managers with a management scale of 19.78 trillion yuan, representing a year-on-year growth of 23.81% [1]. - The private equity market has faced issues such as fund managers going "missing," investor complaints against large funds, and incidents involving fund controllers, which have negatively impacted the industry's reputation and investor rights [1]. Group 2: Regulatory Challenges - The fundamental reason for the frequent irregularities in the private equity fund industry is insufficient regulatory oversight. The rapid growth in the number and scale of private equity funds has outpaced the current regulatory framework, which is inadequate to ensure the industry's stable and compliant development [2]. - Unlike other financial sectors that require licensing, private equity funds only need to register with the Asset Management Association of China, making it easier for some funds to engage in illegal financing and profit-seeking activities [2]. Group 3: Recommendations for Improvement - To achieve high-quality development in the private equity industry, effective regulation is essential. Regulatory authorities should enhance the legal framework governing private equity funds, focusing on the establishment of a management interim regulation to strengthen legal accountability for violations [2]. - There is a need for increased administrative oversight, particularly in the high-risk "fundraising" phase, to address major violations such as fraudulent issuance and market manipulation. Stricter penalties should be imposed to effectively regulate the behavior of private equity fund managers [3].