The Provisional Regulations on the management of private investment fund (solicit draft) drafted by the State Council Legal Office and the CSRC are solicited from all walks of life in August 30, 2017 (the deadline is September 30th). The aim is to confirm and unify the regulation of private fund in the form of administrative laws and regulations, and to further standardize the practice. The industry acts, continues and guarantees the existing regulatory system. According to this, the global private equity research institute of Tsinghua University has invited regulators, industry associations, industry venture institutions and service institutions and well-known experts and scholars to gather Tsinghua Yuan to talk about the development of the private equity fund industry in China, and to make suggestions on the solicit draft of the private equity regulation. After the meeting, the vice president of the Research Institute, Professor Tang Xin, will submit to the State Council Legal Office of the Private Equity Research Institute for the solicit draft of the private equity regulation. More details, please look forward to it.

In September 24, 2017, the seminar held by the global private equity research institute of Tsinghua University, "private equity regulations" and the development of private fund industry, was held at Shun De Lou, 306 of the Tsinghua University School of economic management. The seminar was invited to the deputy director of the private fund supervision department of the SFC, director Chen Li Jun, vice president of Zhang Xiaoai of the SFC law department, the vice president of Zhang Xiaoai of the fund industry association, Dong Yutao, director of Private Fund Department of the Fund Association, Cao Wei of high capital partner, Zuo Lingye, founder and director of the Qing science group. Ni Zhengdong, partner Hu Lingyu of handing law firm, Professor Peng Bing of Law School of Peking University, Professor Ye Lin of Law School of Renmin University of China, and Professor Yang Bin, vice president of Tsinghua University and Dean of global private equity research institute, Secretary General Yang Jian, deputy dean of the Research Institute and Deputy Dean Tang Xin. Professor Tang Ke, vice president and so on, are from regulatory agencies, industry associations, venture capital organizations and service providers, well-known experts and scholars.

The seminar was presided over by vice president Tang Xin, and vice president Xiao Xing first welcomed the speech on behalf of the private equity research institute. Subsequently, guests attended the draft regulations on private placement and launched in-depth exchanges and heated discussions based on the status quo and development of the industry.

Firstly, the industry practitioners share their views from the characteristics of private industry and the problems that have emerged in recent years, and share their views from the issues of moderate supervision, industry evaluation system, differential self-discipline management, venture capital fund, large shareholder reduction, contract fund and so on.

The experts and scholars of the academic circles have analyzed the significance of the private equity regulations from the legislative level, and provide reference for the follow-up revision of the private equity regulation through the in-depth analysis of the definition and scope of private funds, the principles of supervision, the specific provisions and the rational allocation of the scarce public resources.

The regulatory and industry associations expressed their thanks to the recommendations and suggestions made by industry agencies and scholars, and made deep discussions and extensive exchanges on the opinions and suggestions made by industry organizations and experts and scholars at the workshop.

Finally, Professor Yang Bin, vice president of Tsinghua University and Dean of Private Equity Research Institute, made concluding remarks on the seminar. A good legal policy plays a great role in promoting the prosperity of the whole industry and even the development of the whole society. Therefore, it is of great practical significance that the regulatory agencies can listen to the opinions of the industry before the decision. The private equity research institute hopes to set up an open platform for communication and gather all forces to promote the development of the industry.