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Send you a copy of the "lightning protection" manual

来源: 中国经济网—《经济日报》 本报记者周琳 07:30, December 13, 2019 Source: China Economic Net- Reporter Zhou Lin of "Economic Daily"

Publicly publicizing products, false referrals, promised capital protection, and "grey" sales are the four "minefields" in the private equity promotion process. A few days ago, criminals used the name and official seal of the China Fund Association to falsely make relevant documents to induce and deceive investors. The China Fund Industry Association solemnly reminds investors to be wary of falsely approving illegal use of private equity funds in the name of the association. How to prevent these private equity "mines"? Xingshi Investment and China Fund Industry Association have recently produced a "Private Equity Product Lightning Protection Manual" (hereinafter referred to as the "Manual") for reference.

The "Manual" has six major contents. According to the procedures of private equity fund investors' purchase, holding, and selling, they have opened up practical "lightning protection" cheats for investors. First, before you subscribe for private equity products, please check in. For example, private equity funds need to perform specific object determination procedures, that is, to assess investors' risk identification and risk-bearing capabilities in order to achieve adaptation through questionnaires, etc .; for example, a written commitment that the investor promises in Eligible Investor Standard. The second is to recognize the three types of illegal private placement products "official announcement", that is, it is illegal to publicly disseminate through the media, and talk online and offline. The product is also illegal. Promotion through social media, such as Weibo, WeChat public account, circle of friends and WeChat groups targeted at unspecified groups of society, acquaintance introductions, customers pulling customers, word of mouth to recommend products, etc., are also illegal.

These propaganda and private placements cannot be done. What can be propagated? The "Handbook" also gives a "white list", that is, the private equity fund manager's brand, development strategy, investment strategy, management team, executive information, basic information of the registered private equity fund (and has been published by the association), etc. Publicity.

The Handbook also highlights several coups to prevent private equity from "thundering." For example, if you encounter two types of false referrals, please “detour”. What two types of referrals? For example, Ponzi scheme-type private placement propaganda, that is, borrowing new and old in the name of private fundraising, promises high returns under rolling operations; for example, fox fake tiger prestige propaganda, which uses bank, government, state-owned enterprises and other endorsements to induce trust. There are also illegal expressions of "principal protection and income protection". If investors see these words during the private equity promotion process, they should be careful: the principal is not lost, "choose us, the principal is worry-free"; fixed income, such as " Annual income of 18% is your financial strength "; expected income, such as" expected annualized income of Class A shares of 15% to 16.8% "; providing guarantees, such as" a well-known guarantee company provides you with the principal and interest of the "guarantee letter" without worry "; commitment Repurchase, such as "solemnly promise to repay principal and interest or pay back by repurchase within one year".

Finally, I would like to remind investors who already have private equity funds, don't forget to re-check the qualifications of the private equity fund sales agencies and management agencies. If you encounter “three no” private equity products, please bypass. The first is to check the qualifications of agency sales agencies. There are three qualification thresholds for private equity agency sales agencies, that is, "registered with the Securities Regulatory Commission + obtain fund sales business qualifications + become a member of the fund industry association." Personnel employed by non-fundraising institutions cannot recommend private equity funds, and individuals must not engage in private fundraising activities; product sales must also be authorized, that is, fundraising institutions and their employees must not promote private equity funds not established or responsible for fundraising.

The person in charge of the relevant departments of the private placement grid said that at present, most investors step on the "minefield" because of lack of understanding of the common sense of investment in private equity funds. To prevent the "footprint", investors need to understand themselves and understand the investment they want to make. Products to meet the appropriateness of investment. Second, don't blindly trust salespeople. After you understand your ability to withstand risks, you need to investigate the products or projects you want to invest in before investing to ensure that you have sufficient knowledge of the intended investors. Again, pay attention to every detail. As a qualified private equity investor, you should know the basics of private fund registration and filing. Before investing, you should go to the official website of the Fund Industry Association to check the legality of the relevant private fund manager and private fund product filing. Private equity products have sufficient awareness of the risk and return characteristics. This will effectively prevent some illegal fund-raising scams under the guise of private equity funds.

(Responsible editor: Jiang Ningzhang)


China Economic Network statement: Stock market information comes from cooperative media and institutions, is the author's personal opinion, is for investors' reference only, and does not constitute investment advice. Investors do so at their own risk.
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Send you a copy of the "lightning protection" manual

来源:中国经济网—《经济日报》 2019-12-13 07:30 Source: China Economic Net- "Economic Daily"
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