On November 13, the "Private Equity Fund Compliance Business Training Course" was jointly held by the Asset Management Association of China (AMAC) and Beijing Fund Town in Beijing in order to profoundly study, promote, and follow the spirit of the Central Financial Work Conference, guide private equity (PE) fund managers to enhance their awareness of compliance with the law and the bottom line, improve the level of compliant operation, and effectively prevent and resolve financial risks. This is the first time that AMAC has collaborated with a domestic fund town to hold vocational training for practitioners.

In this training, invited trainers included the experts from the China Securities Regulatory Commission Beijing Bureau (CSRC Beijing), Beijing Municipal Tax Service, and AMAC and the partner of PwC Tax services and Financial services, who offered authoritative teaching, while a synchronous approach of "face-to-face lectures + live streaming" was adopted. PE fund managers actively participated in the training, with nearly 400 people attending face-to-face lectures and more than 2,000 people attending the training online through the Investment Education Base APP and the Cloud · Beijing Fund Town.

The experts from the Beijing Municipal Tax Service introduced the due diligence and information submission policies for tax information of non-resident financial accounts, combined with the policy background of CRS, explained in detail the specific requirements and common problems of compliance identity judgment, due diligence, information submission, annual report, and other aspects in the implementation process of CRS.

The partner of PwC Tax services and Financial services further explained the operation and precautions for CRS reporting of PE funds and delivered a detailed introduction to the work content and operation process of reporting, helping PE managers clarify their reporting obligations, define reporting requirements, and facilitate reporting operations.

The experts from CSRC Beijing introduced the administrative regulatory system of PE funds, analyzed typical cases of illegal activities and violations in various stages of fundraising, investment, management, and exit of PE funds, and emphasized that compliance is the foundation for the survival and development of PE funds. They hoped that PE fund managers would study and understand the relevant spirit of the National Financial Work Conference, firmly establish compliance awareness, and be compliant and responsible managers.

From the perspective of product filing, the experts from AMAC outlined the regulatory system of PE funds, made a detailed analysis of the filing section of the Measures for Registration and Filing of Private Investment Funds and No. 1 and 2 documents of the Guidelines for Filling of Private Investment Funds, and profoundly analyzed Point 3 of the Guidelines, effectively helping PE fund managers comprehensively and accurately master the new regulations and improve their professional operations.

With the support and guidance from AMAC and CSRC Beijing, Beijing Fund Town has gathered professional think tanks, assembled multiple efforts from multiple parties, and jointly created a national investor education base. In addition, it has launched an Investment Education Base APP that conforms to the characteristics of the new era of investment education. Moreover, it continues to carry out policy publicity lectures and practical training, helping managers improve their professional operations and compliance awareness, prevent and resolve financial risks, and safeguard the legitimate rights and interests of investors, promoting the high-quality development of China's capital market.