[China Securities Regulatory Commission: Resolutely Clear Out All Private Fund Managers That Do Not Meet Requirements] Odaily Planet Daily News – A spokesperson for the China Securities Regulatory Commission (CSRC) responded to questions regarding the 'Guiding Opinions of the General Office of the State Council on Strengthening Supervision, Preventing Risks, and Promoting the High-Quality Development of Private Investment Funds.' Manage risks prudently. Resolutely clear out all private fund managers that do not meet requirements. Take multiple measures to prevent other institutions from engaging in illegal or non-compliant activities under the guise of private funds. Strengthen information sharing and situation reporting, conduct thorough risk assessments, and refine the division of responsibilities between central and local authorities for resolving and mitigating private fund risks. Enhance collaboration and synergy. Promote standardized development. Urge private fund managers to improve internal controls and risk management, fostering compliant operations. Strengthen industry self-regulation. Actively leverage the market-based supervisory and restraining role of intermediary service institutions. Create a favorable environment for private equity funds and venture capital funds to implement national strategies, and guide private securities funds to adopt long-term investment and value investment philosophies. (Jin10)