It is disclosed that part of the private sector through the record, the issue of private equity products for some local platforms, real estate companies to provide non-standard financing and other types of trust business, which deviate from the main business of asset management. Securities Times reporter was informed that the recent investment in non-standard bonds, private equity products for the record has been tightened, some agencies have been actively adjust the relevant business.

Clean up Disguised financing：

    "Now did not hear will be suspended immediately, but will strengthen supervision, investment in non-standard bond products will become increasingly difficult for the record." Turning investment of non-standard debt, a private equity fund sources said, although it does not look illegal, but the transparency of such products is very poor. Our company has done such a business before, and now has to stop the new hair products."

    In some of the industry view, the regulation of private equity investment or to clean up the private debt financing. "This provision is reasonable, in the past some net loan platform (P2P) through private equity fund channels to invest in some of the non-standard items does not exist, there is a big risk." An analysis of agency sources said the intent of regulators are not allowed to use private funds for non-standard bonds but disguised financing, private equity fund subscription trust scheme, and the trust plan is the subject of non-standard debt should be.

    It is understood that some private institutions provide non-standard financing such as trust business platform, some local real estate enterprises through the issuance of private equity products, for the record, from private equity fund asset management business, a few companies and even the use of such products to engage in illegal activities.

    "These days I also heard the news from a third party agencies, if the introduction of new policies, there will be a certain impact on the industry. Many Fortune Management Inc, real estate funds in this piece of business is very large, some PPP (government and social capital cooperation) project is to use this form of operation, because there is a mortgage, investors more recognition." A private equity agency said.

    According to the insiders, cleaning disguised financing should be the main purpose of the supervision department, the introduction of a series of new regulations have been reflected in this year, the fund industry association, to encourage private asset management business, focus in order to encourage private participation in more equity investment.

    It is worth noting that in May 30th this year, the Ministry of Finance and the national development and Reform Commission have jointly issued a document required to eliminate the government and social capital cooperation all kinds of irrational guarantee or commitment, high subsidies or pricing, avoid real debt by way of fixed return promised, Ming shares a disguised financing.

Moderate elastic for asset management industry:

    This year, the regulatory authorities on the information management industry introduced a series of new regulations. Among them, the July release of the securities and futures operating institutions private equity asset management Interim Provisions on the impact of the industry's largest, lower asset management products leverage. The private equity industry, so far this year is the introduction of "private equity investment fund raising behavior management approach" and a series of regulations, and strengthen the management of private registration and product registration supervision, focus on cleaning up the two nearly tens of thousands of private equity.

    As of the end of September 2016, the fund industry association has registered private equity fund managers 17710. 41230 private equity funds have been filed, the scale of 8 trillion and 570 billion yuan subscription, paid 6 trillion and 660 billion yuan in real. Private equity fund practitioners 286 thousand and 500 people.

    In the management of the industry to clean up at the same time, some of the new policies are also improving the vitality of the industry. In September this year, the Commission announced the public offering of securities investment fund operational guidelines No. second - the fund's guidelines, the release of the public offering FOF (Fund) business, the first product is expected to be raised in the near future.

    In addition, according to industry sources, in order to cooperate with the pension into the city, the Fund Industry Association recently with the management of active communication.