Core Insights - The release of the "Problem Fund Disposal Research White Paper" aims to provide guidance for the private equity fund industry, which is currently facing significant risks and challenges [1][2] - The white paper serves as a "mine clearance guide" for the industry, offering insights for regulatory optimization and investor education [1] Group 1: Problem Fund Risks and Solutions - The private equity fund industry is entering a deep adjustment period, highlighting the need for professional guidance in investor rights protection and fund disposal [1] - The white paper outlines four main operational guidelines for the proper disposal of problem funds: identifying industry cycles and structural adjustment patterns, addressing pain points in asset valuation and investor coordination, providing legal solutions through case analysis, and establishing a closed-loop disposal path from risk diagnosis to asset relief [1][2] Group 2: Governance and Regulatory Framework - The governance of problem funds is shifting from "post-event risk disposal" to a comprehensive compliance approach throughout the entire process [2] - The "Private Investment Fund Supervision and Administration Regulations" introduces a property takeover mechanism to address the challenges faced by fund managers and prevent asset depreciation [2] - Innovative practices, such as independent reviews of fund flow and operational models, are establishing key standards for protecting good assets and maintaining investor rights, marking a significant evolution in China's problem fund governance [2]

Core Viewpoint - The release of the "Research White Paper on Problem Fund Disposal" serves as a critical guide for the private equity fund industry, addressing the risks associated with problem funds and providing professional guidance for investor rights protection and fund disposal [3][9]. Group 1: Event Overview - The event was co-hosted by Sanqifa Technology and Shanghai Zhixin Law Firm, gathering experts from various fields to discuss the disposal of problem funds [1]. - The white paper aims to act as a "mine clearance guide" for the industry, offering references for regulatory optimization and investor education [3]. Group 2: Key Insights from the White Paper - The white paper outlines the causes of problem funds, identification standards, classification types, and disposal challenges, while evaluating the shortcomings of existing mechanisms [7]. - It highlights four core aspects: the evolution of risks over ten years, pain points in asset valuation and investor coordination, legal solutions through case analysis, and a closed-loop disposal path from risk diagnosis to asset relief [7][9]. Group 3: Expert Discussions - A roundtable forum discussed the transition from "post-event risk disposal" to "full-chain compliance" in risk fund governance, emphasizing the importance of property takeover mechanisms established by regulations [11]. - The forum identified innovative practices that enhance internal control mechanisms for fund managers, marking a shift towards a modern governance system that includes legal regulation, judicial auditing, self-discipline, and investor supervision [11]. Group 4: Industry Impact - The successful hosting of the event signifies a move towards systematic consensus building in addressing the complex issue of problem fund disposal [13]. - Sanqifa Technology aims to apply professional knowledge to institutional risk governance and market development, promoting the sustainable growth of the private equity fund market in China [13].