Why can't the state find out where the private equity funds have gone?

this newspaper (reporter Zeng Huan) has stirred up a thousand waves in the securities market following the "arrest of the leading brother" and the rumor that "the Securities Crime Investigation Bureau of the Ministry of Public Security started to investigate illegal private placements". However, the reporter learned from relevant channels that the relevant regulatory authorities have not carried out the so-called investigation of private equity funds so far.

The inventory action is only a rumor

Private equity fund is a "main force" that cannot be ignored in the securities market. According to a survey conducted by the Central University of Finance and Economics, the scale of domestic private equity funds is estimated at 86 billion to 1.2 trillion yuan. However, due to loopholes in management for a long time, it has not been able to get the title of "regular army" so far.

Since the incident of "Leading the Big Brother" was exposed, some "illegal business activities" in the securities market have begun to attract wide attention from the society. According to reports, the most common forms at present include: illegal securities consulting, that is, some institutions and individuals who have obtained business licenses without the approval of the China Securities Regulatory Commission illegally carry out securities consulting business to defraud consulting fees; Illegal agent to buy and sell stocks of unlisted companies; Some lawless elements defrauded investors of money. In addition, there are even channels such as telephone and website to recruit stock traders, attract customers with high interest rates and provide them with financing, which makes illegal financing and illegal securities business activities combined.

In this regard, some insiders believe that there is no clear legal norm for private equity funds in China at present, so it is difficult to define the violation of private equity funds. Functionally speaking, if the public security department is involved, it should only be aimed at illegal securities activities. The source said that, in fact, the relevant regulatory authorities in China have been cracking down on illegal securities activities, and established a working system for coordinating groups to rectify illegal securities activities, including public security departments and other departments. Therefore, people who don't know the situation tend to confuse "cracking down on illegal publications" with the so-called "clearing up private equity funds".

The private equity fund market is huge

Although there are some problems in private equity, Wu Xiaoling, deputy governor of the People's Bank of China, said recently that China should develop more private equity investment funds.

Market participants believe that as an integral part of the capital market, the important role of the private equity fund market is self-evident. This requires the legislature and the securities regulatory department of our country to treat private equity funds correctly, formulate relevant laws as soon as possible, and guide private equity funds in a direction conducive to the development of the capital market.

In the international market, private equity funds have always been important investors, such as internationally renowned Tiger Fund and Quantum Fund. Check illegal private equity funds, you can't kill all private equity with a stick. Wei Zhansheng, an expert on private equity funds in China, believes that China is losing its invisible international competitiveness and some potential development opportunities. There are many ways to solve this problem, and the establishment of a healthy and international private equity market in China is undoubtedly one of the more important and effective ways.

It is understood that compared with closed-end funds, open-end funds and other Public Offering of Fund, private equity funds have very distinctive characteristics, and it is these characteristics that make them have incomparable advantages in Public Offering of Fund.