(Original title: Zhuohui Shengjing Investment violated regulations and was ordered to make corrections; individual investors’ assets did not meet the standards)

China Economic Net, Beijing, August 26 The decision to order corrective measures against Wuhu Zhuohui Shengjing Investment Management Center (Limited Partnership), recently published on the website of the China Securities Regulatory Commission, shows that Wuhu Zhuohui Shengjing Investment Management Center (Limited Partnership) has committed two violations: the amount of financial assets in the asset certificates of individual investors did not meet the standards for qualified investors; and travel expenses that should be borne by the manager were included in the fund assets.

The above situation violates the provisions of Articles 12 and 23 of the "Interim Measures for the Supervision and Administration of Private Investment Funds". According to the provisions of Article 33 of the "Interim Measures for the Supervision and Administration of Private Investment Funds", our bureau has decided to take supervisory and administrative measures to order your company to make corrections. Your company should effectively rectify relevant issues and submit a written rectification report to our bureau within one month from the date of this decision. Our bureau will continue to pay attention to the implementation of your company's rectifications in daily supervision.

According to a reporter from China Economic Net, Wuhu Zhuohui Shengjing Investment Management Center (Limited Partnership) was established on May 20, 2014. The shareholders are He Ping, Shi Xiaoye, and Wuhu Zhuohui Chuangshi Investment Management Co., Ltd.

Article 12 of the "Interim Measures for the Supervision and Administration of Private Equity Investment Funds" stipulates: Qualified investors of private equity funds refer to those who have corresponding risk identification capabilities and risk-taking capabilities, and the amount invested in a single private equity fund is not less than 1 million yuan and meets the requirements Units and individuals with the following relevant standards:

(1) Units with net assets of no less than 10 million yuan;

(2) Individuals with financial assets of no less than 3 million yuan or personal average annual income in the past three years of no less than 500,000 yuan.

The financial assets mentioned in the preceding paragraph include bank deposits, stocks, bonds, fund shares, asset management plans, bank financial products, trust plans, insurance products, futures rights, etc.

Article 23 of the "Interim Measures for the Supervision and Administration of Private Equity Investment Funds" stipulates: Private equity fund managers, private equity fund custodians, private equity fund sales agencies and other private equity service agencies and their employees engaged in private equity fund business shall not engage in the following conduct:

(1) Confusing its own property or the property of others with the fund property to engage in investment activities;

(2) Treating different fund properties under its management unfairly;

(3) Taking advantage of the fund property or position to seek benefits for himself or others other than investors, and to lose benefits.

(4) Embezzling and misappropriating fund property;

(5) Disclosing undisclosed information obtained due to the convenience of his position, using the information to engage in or expressly or implying that others engage in relevant trading activities;

(6) Engaging in activities that damage fund property and investor interests investment activities;

(7) Neglect of duty and failure to perform duties in accordance with regulations;

(8) Engage in insider trading, manipulation of transaction prices and other unfair trading activities;

(9) Other behaviors prohibited by laws, administrative regulations and the China Securities Regulatory Commission.

Article 33 of the "Interim Measures for the Supervision and Administration of Private Equity Investment Funds" stipulates: If private equity fund managers, private equity fund custodians, private equity fund sales agencies and other private equity service agencies and their employees violate laws, administrative regulations and the provisions of these Measures, the China Securities Regulatory Commission and its dispatched agencies may take administrative regulatory measures such as ordering corrections, supervisory interviews, issuing warning letters, and public condemnation.

The following is the original text of the administrative penalty:

Decision on ordering corrective measures against Wuhu Zhuohui Shengjing Investment Management Center (Limited Partnership)

Wuhu Zhuohui Shengjing Investment Management Center (Limited Partnership):

After investigation, your company has the following problems:

1. The amount of financial assets in the asset certificates of individual investors does not meet the standards for qualified investors.

2. The travel expenses that should be borne by the manager are listed in the fund assets.

The above situation violates the provisions of Articles 12 and 23 of the "Interim Measures for the Supervision and Administration of Private Investment Funds". According to the provisions of Article 33 of the "Interim Measures for the Supervision and Administration of Private Investment Funds", our bureau has decided to take supervisory and administrative measures to order your company to make corrections. Your company should effectively rectify relevant issues and submit a written rectification report to our bureau within one month from the date of this decision. Our bureau will continue to pay attention to the implementation of your company's rectifications in daily supervision.

If you are dissatisfied with this supervisory and administrative measure, you may apply for administrative reconsideration to the China Securities Regulatory Commission within 60 days from the date of receipt of this decision, or you may file a lawsuit with the People's Court with jurisdiction within 6 months from the date of receipt of this decision. During the review and litigation period, the above supervision and management measures will not stop execution.

Anhui Securities Regulatory Bureau

August 22, 2019