China Securities Regulatory Commission: Strengthen the standardized management of state-owned assets and funds, ensure that state-owned assets and funds adhere to their functional positioning

On June 5th, a spokesperson for the China Securities Regulatory Commission answered questions from reporters regarding the "Guiding Opinions of the General Office of the State Council on Strengthening Supervision, Preventing Risks, and Promoting High Quality Development of Private Investment Funds". Establish a sound institutional system, focusing on addressing regulatory shortcomings in areas such as information disclosure, fundraising, and custody, and building a comprehensive regulatory framework for private equity funds. Implement classified and graded supervision, strengthen the ability to penetrate supervision and discover clues, and severely crack down on illegal and criminal activities. Strengthen the standardized management of state-owned assets and funds, ensure that state-owned assets and funds adhere to their functional positioning, and prevent loss of control and loss of state-owned assets.