Newsletter summary
The registration of the manager was revoked because the former Haijin Juli did not submit a defense and did not cooperate with the inspection, prohibited new investors and the size of the fund, and required timely liquidation or transfer of management responsibilities.
Text of news flash
[China Securities Investment Fund Industry Association cancels registration of former Haijin Investment Fund Manager] on April 19, China Securities Investment Fund Industry Association issued an announcement. Shenzhen Qianhaijin Investment Fund Management Co., Ltd. (hereinafter referred to as Qianhaijin Ju Li) failed to submit a written defense within the prescribed time limit, and did not cooperate with self-discipline inspection.Bestblockchaingames2020The registration of its administrator has been revoked. Jiang Wei, the former head of compliance risk control in Haijin Juli, did not provide feedback to self-regulatory inspectors after receiving notice from the association in June 2023. Although the association has tried many times to contact the company's legal representatives Jiang Yin and Jiang Wei, but to no avail. Due to the company's failure to provide the required materials in a timely, true, accurate and complete manner, it is found to be in violation of the relevant regulations. According to the relevant laws of China and the self-discipline regulations of the association, after the registration of the manager of former Haijin is revoked, the company is no longer allowed to carry out private fund activities in the name of "fund" and "fund management", no new investors and fund scale, no new investment. If there are private equity fund products under management, liquidation shall be carried out in a timely manner or management responsibility shall be transferred to other registered private equity fund managers. After the registration of the manager is revoked, the unliquidated private equity fund products shall bear the fiduciary management responsibility and legal responsibility, and shall not evade the responsibility by cancelling the registration of the market subject or changing the place of registration. After the completion of the disposal of the fund property, it shall promptly go through the relevant formalities with the market subject registration authority.
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