The Zhitong Finance App learned that on September 4, the China Securities Regulatory Commission solicited public comments on the “Measures for the Supervision and Administration of Private Equity Fund Raising (Consultation Draft)”. The “Recruiting Measures” consists of 7 chapters and 45 articles. The main contents include: 1. Clarifying the basic principles of “seller responsibility and buyer responsibility”, clarifying recruitment methods, and refining regulations prohibiting sexual conduct. The second is to improve certification standards such as asset size, income level, and investment experience of qualified investors, and strengthen penetrating regulatory requirements. The third is to clarify the capital raising process, fundraising documents and regulatory requirements, and to compile the proper management and risk disclosure obligations of private equity fund managers and private equity fund sales agencies. Fourth, improve mechanisms to guarantee the safety of funds raised, clarify requirements for special accounts for collection and settlement, supervisory agencies for raising and settlement funds, etc., and strengthen requirements for establishing internal control systems for private equity fund managers. Fifth, clarify supervision, management and legal responsibilities.

The Zhitong Finance App learned that on September 4, the China Securities Regulatory Commission solicited public comments on the “Measures for the Supervision and Administration of Private Equity Fund Raising (Consultation Draft)”. The “Recruiting Measures” consists of 7 chapters and 45 articles. The main contents include: 1. Clarifying the basic principles of “seller responsibility and buyer responsibility”, clarifying recruitment methods, and refining regulations prohibiting sexual conduct. The second is to improve certification standards such as asset size, income level, and investment experience of qualified investors, and strengthen penetrating regulatory requirements. The third is to clarify the capital raising process, fundraising documents and regulatory requirements, and to compile the proper management and risk disclosure obligations of private equity fund managers and private equity fund sales agencies. Fourth, improve mechanisms to guarantee the safety of funds raised, clarify requirements for special accounts for collection and settlement, supervisory agencies for raising and settlement funds, etc., and strengthen requirements for establishing internal control systems for private equity fund managers. Fifth, clarify supervision, management, and legal responsibilities.