Industry supervision continues to strengthen, Shanghai and Zhejiang initiate self-inspection of private equity funds.

Reporters have learned from industry insiders that recently, Shanghai, Zhejiang and other places have successively launched self-inspection work for private fund managers. The self-inspection includes various aspects of private fund operations, and the Shanghai regulatory authorities have also put forward several clear requirements for the investment operations of quantitative private funds. Some private fund professionals have stated that in recent years, regulation in the private fund industry has continued to strengthen, driving overall compliance levels in the industry. In the future, the leading effects of the private fund industry will become more apparent. From an internal control perspective, the compliance requirements of leading private funds may gradually converge towards public funds.