[U.S. SEC Issues 'Important Reminder' on Hard-to-Value Private Assets] According to a report by Jinse Finance, on September 28, as private assets become increasingly difficult to sell and investor redemption requests surge, Wall Street's primary financial regulatory agency is urging the financial industry to step up efforts in valuing such assets. The U.S. Securities and Exchange Commission (SEC) issued a statement on Monday regarding existing regulatory requirements. While no new rules were proposed, the statement is seen as a 'critical reminder.' This indicates that the agency will focus on how companies determine the value of their holdings and how they disclose these values and associated risks to investors. The SEC's Office of the Chief Accountant and Division of Investment Management stated in a joint statement: 'In the valuation and disclosure-related topics discussed in this statement, the core message is consistent: robust policies and procedures, coupled with comprehensive and material information disclosure, help investors understand an entity's fair value assessment process, the judgments involved, and the risks associated with private assets.'