【导读】收取债券分销费，利用私募基金财产为自身牟取非法利益，上海晋蓉被注销私募管理人登记 提供债券咨询服务、收取债券分销费 利用基金财产为自身牟取非法利益 纪律处分决定书显示，经查，上海晋蓉存在五大违规行为，包括兼营与私募基金管理无关或存在利益冲突的其他业务、利用私募基金财产为自身牟取非法 利益、委托不具备基金销售资格单位或个人从事资金募集活动、登记的高级管理人员未实际履职、未就登记信息变更向协会履行变更手续。 在去年3月收到上海证监局警示函后，今年4月上海晋蓉投资管理有限公司（以下简称上海晋蓉）又收到了来自中国证券投资基金业协会（以下简称协会） 的纪律处分决定书。 协会提到，上海晋蓉为其他公司提供债券融资咨询服务，并收取债券分销费；利用私募基金财产为自身牟取非法利益，比如其管理的两只私募基金参与认 购相关债券2.2亿元，公司收到了256万元的债券费用。 最终，协会决定注销上海晋蓉私募基金管理人登记。 具体来看，上海晋蓉兼营与私募基金管理无关或存在利益冲突的其他业务。公司于2022年11月与某投资公司签署《融资顾问服务协议》，约定某投资公司 委托上海晋蓉提供债券融资咨询服务；经核查银行流水，某投资公司于202 ...

在金融投资领域，孔祥明这个名字或许并不为大众所熟知，但在私募基金圈内，他却是一个响当当的人 物。作为明辞私募的创始人，孔祥明以其独到的投资眼光和稳健的操作风格，赢得了业内的广泛赞誉。 他的投资理念和人生哲学，更是给无数人带来了深刻的启示。 孔祥明的人生并非一帆风顺。他出生在一个普通的家庭，从小就经历了许多生活的磨难。父母早年离 异，他跟随母亲生活，家境贫寒。为了减轻母亲的负担，他从小就开始做各种兼职，从送报纸到在餐馆 打工，无所不包。这些经历让他早早地体会到了生活的艰辛。 "生活或许布满荆棘，"明辞私募孔祥明常常这样对人说，"但正是这些荆棘，让我学会了如何坚强。"他 深知，人生的道路上不可能一帆风顺，只有经历过风雨，才能见到彩虹。 尽管生活充满了挑战，但孔祥明从未放弃过自己的梦想。他从小就对金融投资充满了兴趣，梦想着有一 天能够在这个领域有所作为。为了实现这个梦想，他付出了比常人更多的努力。 大学期间，孔祥明选择了金融专业，并且利用课余时间自学了大量相关知识。他经常泡在图书馆里，阅 读各种金融书籍和期刊，甚至不惜花费重金购买一些专业课程。为了积累实践经验，他还主动申请到一 些金融机构实习，从中学习到了许多宝贵 ...

Group 1 - The core viewpoint of the articles highlights the trend of private equity firms, particularly Hangzhou Longqi Technology, actively closing their funds to new investments to protect existing investors' interests and maintain product performance [1][2]. - Hangzhou Longqi Technology's quantitative timing strategy products have seen significant growth in subscription volumes this year compared to last year, prompting the decision to phase out new subscriptions [2][3]. - The private equity market is experiencing a recovery, with March seeing a substantial increase in new fund registrations, with 1,423 new private equity funds totaling 631.3 billion yuan, a significant rise from February's figures [3]. Group 2 - The technology sector is gaining attention from private equity firms, with a notable influx of capital and the positive impact of policy measures enhancing the investment value of Chinese equity assets [4]. - Analysts believe that the external uncertainties are diminishing, making AI a favorable investment direction, especially given China's rich application scenarios and internet ecosystems [4]. - Data indicates that private equity firms are particularly focused on the technology sector, with the electronics industry being the most researched, receiving 655 inquiries from 650 private equity institutions [4].

Core Viewpoint - A significant number of private equity firms in China are being deregistered due to regulatory violations, indicating a trend towards stricter oversight in the private equity sector to protect investor rights and stabilize the capital market [1][3][5]. Group 1: Deregistration of Private Equity Firms - On April 25, the Asset Management Association of China (AMAC) announced the deregistration of five private equity firms due to abnormal operational conditions, bringing the total to 437 firms deregistered in 2023 [3][4]. - Among the 437 deregistered firms, 172 chose to deregister voluntarily, while 244 were deregistered by the association, and 20 were deregistered due to inactivity for 12 months [3][4]. Group 2: Regulatory Actions and Violations - A total of 141 private equity firms have been "named" for regulatory violations in 2023, with issues including failure to conduct proper investor qualification checks and mismanagement of fund assets [5][6]. - Notably, two firms controlled by singer Hu Haiquan received warning letters for failing to fulfill their fiduciary duties and for inadequate risk assessments of investors [4][5]. Group 3: Financial Penalties - Guangdong Huadi Investment Group was fined 1.05 million yuan for misappropriating fund assets and failing to disclose information as required, highlighting the financial repercussions of regulatory non-compliance [6][7]. - The penalties serve as a warning to other firms regarding the importance of adhering to regulations in all stages of fund management, including fundraising, investment, management, and exit [6][7]. Group 4: Future Regulatory Recommendations - Experts suggest implementing digital regulation and enhancing compliance education for private equity executives and fund managers to ensure adherence to regulations and protect investor rights [7][8]. - The focus on strengthening the regulatory framework aims to eliminate poor-performing firms and promote high-quality development within the private equity market [3][7].

Group 1 - The China Securities Regulatory Commission (CSRC) issued administrative regulatory measures against two private equity funds associated with singer Hu Haiquan, namely Qianxiang Haiquan Investment Management Co., Ltd. and Haina Baiquan Fund Management Co., Ltd., by issuing warning letters [1][4] - Qianxiang Haiquan Investment was ordered to rectify due to failure in fulfilling its duty of honesty and diligence in managing private fund assets, while Haina Baiquan Fund faced two violations: lack of appropriate investor management and failure to act diligently [4][7] - Haina Baiquan Fund responded that the issues raised in the warning had been self-checked and corrected before 2017, and the fund is currently operating normally [4][7] Group 2 - This is not the first time Haina Baiquan Fund has been penalized; it received a warning letter from the Beijing Securities Regulatory Bureau in June 2023 for similar violations and has been a defendant multiple times [7] - Both Qianxiang Haiquan Investment and Haina Baiquan Fund have a small management scale, each below 500 million yuan [7] - The incident highlights the increasing regulatory scrutiny in the private equity industry, emphasizing the need for compliance and professionalism, especially for celebrity-led investment firms [7]

智通财经4月25日电，中国证券投资基金业协会发布公告，深圳市宏盛天资产管理有限公司等5家私募基 金管理人存在异常经营情形，且未能在书面通知发出后的3个月内提交符合规定的专项法律意见书，协 会将注销该5家机构的私募基金管理人登记。已注销的私募基金管理人和相关当事人，应当根据法律法 规、证监会规定以及协会相关自律规则、基金合同约定，妥善处置在管基金财产，依法保障投资者的合 法利益。 中基协：注销5家异常经营私募基金管理人登记 ...

4月23日，北京证监局官网公布了一批罚单，对北京乾祥海泉投资管理有限公司（简称"乾 祥海泉投资"）、北京海纳百泉投资基金管理有限公司（简称"海纳百泉基金"）、中财融商 （北京）资本管理有限公司、北京基锐资本管理有限公司4家私募机构采取出具警示函措 施。 从中基协公开信息来看， 海纳百泉投资和乾祥海泉投资的法人代表均为艺人胡海泉 ，两家 私募也均为股权、创业投资类私募基金。 | 高管信息 | | | | | | --- | --- | --- | --- | --- | | 肥务 | 法定代表人 董事长 宣事长 | | 姓名 胡海泉 | | | 是否有基金从业资格 | 를 | | 资格获取方式 通过考试 | | | | 时间 | 任职单位 | 任职部门 | 胆务 | | | 2022.02 - | 北京乾祥海泉投资管理有限公司 | 高级管理人员 | 法定代表人,总经理,信息填报负责人 | | | 2017.10 - 2022.02 | 北京乾祥海泉投资管理有限公司 | 高级管理人员 | 法定代表人,总经理 | | | 2015.06 - | 北京海纳百泉投资基金管理有限公 司 | 北京海纳百泉投资基金管理有限公 ...

Core Viewpoint - The article discusses regulatory actions taken by the Beijing Securities Regulatory Bureau against several private equity firms, including those associated with artist Hu Haiquan, highlighting issues of compliance and management in private fund operations [1][3][9]. Group 1: Regulatory Actions - On April 23, the Beijing Securities Regulatory Bureau issued warning letters to four private equity firms, including Qianxiang Haiquan Investment Management Co., Ltd. and Haina Baiquan Investment Fund Management Co., Ltd. [1] - The warning letters were due to failures in fulfilling duties of honesty, credit, and diligence in managing private fund assets, as well as not assessing investors' risk recognition and risk-bearing capabilities during fundraising periods [3][8]. Group 2: Company Background - Hu Haiquan is the legal representative of both Haina Baiquan and Qianxiang Haiquan, which focus on equity and venture capital private funds [1][2]. - Haina Baiquan was established on June 15, 2015, with a registered capital of 10 million RMB, and has undergone changes in its shareholder structure, with Hu Haiquan reportedly exiting as a shareholder in February 2022 [5][7]. Group 3: Fund Management and Performance - The total fund management scale of Haiquan Fund, which includes multiple specialized funds, has reached 1.3 billion RMB, focusing on sectors such as artificial intelligence, consumer upgrades, healthcare, and entertainment [8]. - The firm has faced multiple regulatory warnings, including one in July 2023 for similar compliance issues, indicating ongoing challenges in adhering to regulatory standards [7][9]. Group 4: Compliance and Future Actions - The Beijing Securities Regulatory Bureau emphasized the importance of compliance in private fund management and plans to continue reporting on violations to enhance the compliance capabilities of private fund managers in the region [9]. - Companies are required to submit written rectification reports within 30 days of receiving the warning letters, with follow-up inspections planned to assess compliance [3].

Group 1 - The core viewpoint is that Ruitian Investment has conducted research on Dongfang Electric Heating, highlighting its growth in pre-plated nickel materials and electric heating products for new energy vehicles [1] - Dongfang Electric Heating expects to exceed an order volume of 20,000 tons for pre-plated nickel materials this year [1] - The company has established traditional customer relationships with major players like BYD, Li Auto, NIO, and others, while also adding new clients such as XPeng, GAC, FAW, and Renault [1] Group 2 - The profitability of pre-plated nickel materials is strong, and the company plans to focus on the domestic market before considering capacity expansion and potential overseas production bases [1] - In the new energy equipment sector, the company anticipates continued revenue and profit confirmation from polysilicon equipment, while also transitioning to products like lava energy storage electric heaters, with order reserves exceeding 100 million [1] - The home appliance components business has resumed its supplier code with Samsung, receiving an initial order of 10 million, and has confirmed a base in Thailand, engaging with multiple clients [1]

知名歌手胡海泉关联私募基金公司再收警示函。 4月23日，北京证监局官网公布了一批罚单，对北京乾祥海泉投资管理有限公司（简称"乾祥海泉投资"）、北京海纳百泉投资基金管理有限公司（简称"海纳 百泉基金"）、中财融商（北京）资本管理有限公司、北京基锐资本管理有限公司4家私募机构采取出具警示函措施。 | | | | 唇 | 初节频 | 文号 | 发文日期 | | --- | --- | --- | --- | | 1 | 关于对李平采取出具警示函行政监管措施的决 定 | 〔2025〕 66号 | 2025-04-23 | | 2 | 关于对北京海纳百泉投资基金管理有限公司采 | 〔2025〕 62号 | 2025-04-23 | | | 取出具警示函行政监管措施的决定 | | | | 3 | 关于对北京乾祥海泉投资管理有限公司采取出 | 〔2025〕 63号 | 2025-04-23 | | | 具警示函行政监管措施的决定 | | | | ব | 关于对中财融商（北京）资本管理有限公司采 | 〔2025〕 64号 | 2025-04-23 | | | 取出具警示函行政监管措施的决定 | | | | 5 | 关于对北京 ...