Fill in the gaps of the whole chain, private equity funds usher in a new phase of standardized development.

The private equity fund industry with a scale of 23 trillion yuan has ushered in top-level design. The General Office of the State Council recently issued the "Guiding Opinions of the General Office of the State Council on Strengthening Regulation, Preventing Risks and Promoting the High-quality Development of Private Equity Investment Funds", comprehensively adjusting and optimizing regulatory concepts, and making a comprehensive deployment of regulatory work in the private equity fund industry for the coming period. Wu Qing, Chairman of the China Securities Regulatory Commission, has required private equity funds to fully implement the "Guiding Opinions" and supporting rules in every aspect of the business process, and to make a major transformation and improvement in concepts, models, and actions. The top-level deployment and the dual-track linkage of regulation and implementation have set a new track for improving the quality and efficiency of the development of the private equity industry. Liu Xinqi, an analyst from the Non-Bank Financial Team of China Taikang Haitong, believes that this will have a profound impact on the landscape of the private equity fund industry. Pseudo-private equity funds and shell institutions will face stricter regulatory constraints and exit pressure, and industry resources are expected to be concentrated on leading compliant institutions. Organizations in the direction of patient capital and hard technology investment will receive more policy support.