"The Briefing on Policies for Private Equity Fund Managers in Beijing and the Training on Interpretation of Relevant Supporting Guidelines and Measures" was held jointly by the Department of Market Supervision II of China Securities Regulatory Commission (CSRC), Beijing Office of China Securities Regulatory Commission (CSRC Beijing Office), Asset Management Association of China (AMAC), and Beijing Fund Town on April 25.

The event was specially carried out to support the growth of the private equity fund industry in Beijing. More than 400 managers participated in the event themselves, while over 3,000 managers attended online.

On the site of the event, Ban Bo, Director of the Private Equity Fund Supervision Division of the CSRC Beijing Office, introduced the regulatory principle of "hierarchical classification for private equity funds, support of successful ones, and restriction over unsuccessful ones", reported the growth of the private equity fund industry in Beijing, and proposed that the ecological environments inside and outside the industry should be both continuously optimized and that managers in the city should seize opportunities to improve their political awareness, prevent and control risks further, enhance the protection for investors, lift their professional competence and internal control levels, fulfill responsibilities and missions actively, serve the implementation of national strategies and the growth of the capital, and strive to embark on a journey of the high-quality development.

Hu Yaoxin from the Department of Market Supervision II of CSRC systematically sorted out and interpreted the trial implementation background, policy considerations, main objectives, key contents, application procedures and next-step arrangements of the newly issued Guidelines for the Pilot Filing of Real Estate Private Investment Funds, from perspectives of the stable promotion of pilot real estate private equity investment funds and the positive utilization of private equity investment funds.

Liu Tianhui and Wu Yi from the Private Equity Management Department of the AMAC deeply interpreted the detailed requirements of the Measures for Registration and Filing of Private Equity Investment Funds (to be effective on May 1) and relevant supporting guidelines, from two perspectives of manager registration and product filing and in accordance with the amendment ideas of the Measures for Registration and Filing of Private Equity Investment Funds and relevant laws and regulations. They also targetedly responded to practical problems for managers and effectively helped managers learn about the new regulations in a timely and accurate manner, in an attempt to promote the formation of a sound market order and good industrial eco-environment.

Guided by the national fund industry service standardization system, Beijing Fund Town has built a special professional platform for exchanges in the fund industry. With the support and guidance of the AMAC and the CSRC Beijing Office, Beijing Fund Town has carried out more than 970 activities of different kinds through cooperation with strategic partners including noted banks, securities companies, accounting firms and law firms, serving more than 5,000 institutions and attracting more than 13.23 million participants. In the future, the town will continuously conduct activities such as policy presentation and practical training, effectively help managers learn about regulatory requirements in a timely and accurate manner, constantly improve the professional operation level and compliance management awareness, and safeguard the legitimate rights and interests of investors, so as to foster the standardized and healthy development of the private equity fund industry.