CSRC: Promote the timely introduction of private equity fund regulations and continuously expand the capital market.

  On the 30th, Yi Huiman, Chairman of China Securities Regulatory Commission pointed out in his speech at the third member congress of the Fund Industry Association that the CSRC will stick to the main responsibility of supervision, promote the timely introduction of regulations on private equity funds, continuously improve the fund supervision system, promote the development of various institutional investors, continuously expand the long-term investment power of the capital market, further improve supervision services, resolutely safeguard an open, fair and just market order, and effectively protect the legitimate rights and interests of investors. Strengthen information sharing and policy coordination with relevant parties, actively communicate with the market, focus on building a good ecology conducive to the high-quality development of the fund industry, and create a good external environment for the development of industry institutions.

  It is understood that by the end of July this year, the asset management scale of Public Offering of Fund reached 23.5 trillion yuan, 1.6 times higher than that at the end of 2016, rising from the ninth in the world to the fourth in the world at present. Among them, the number of products and management scale of equity funds reached 5,140 and 7.7 trillion yuan respectively, increasing by 1.2 times and 1.8 times respectively, both reaching record highs.

  In terms of private equity funds, the scale of private equity investment funds, private equity funds and venture capital funds reached 5.5 trillion yuan and 12.6 trillion yuan, respectively, which doubled and tripled compared with the end of 2016. (CCTV reporter Sha Qian)