Cross-border TRS new scale is called to a halt! Private equity responds urgently, overseas technology investment may be affected.

Several industry insiders in the private equity sector revealed to reporters that starting on the evening of June 23, they have been receiving notifications from cooperating brokerage firms that the regulatory authorities have requested a suspension of the expansion of the scale of cross-border TRS business by asset managers. As a result, some private equity institutions that participate in overseas market investments through cross-border TRS are beginning to evaluate follow-up strategies and adjustment plans. A private equity professional with assets of billions expressed that at present, some existing positions have not been affected, but new positions can no longer be expanded. Some products may even face a situation where they can only be sold and not reallocated. As of now, the regulatory authorities have not publicly released any relevant documents.