Multiple places have carried out self-inspections on standardized business operations, and the strict regulatory trend on private equity continues.

Recently, the Shanghai Securities Regulatory Bureau sent a notice to private fund managers in its jurisdiction on regulating the operations of private fund managers in Shanghai, requiring private funds in the jurisdiction to collectively participate in compliance training, conduct self-assessment and self-rectification on company basic information, ongoing private fund operations, and unrecorded contributions to establish partnerships. Previously, the Beijing Securities Regulatory Bureau also required private funds in its jurisdiction to conduct self-inspections and make corrections in the latest issue of the "Beijing Private Fund Regulatory Situation Report." Despite facing stricter regulations, the enthusiasm for launching new products by private equity institutions has not diminished. Against the backdrop of a warming market this year, the number of private fund products that have been filed has increased by nearly 40% year-on-year.