From the beginning of the year to now, several private equity firms have been penalized for misappropriating private Fund assets to provide external loans. The Shaanxi Securities Regulatory Bureau and the Qingdao Securities Regulatory Bureau recently disclosed that private equity firms in their jurisdictions have been penalized for lending funds externally. The penalty notice indicated that due to providing loans with private Fund assets, Qingdao Haisiquan Zong and the then legal representative and Chairman Song Xiuhong, the current legal representative and Chairman Liu Jialiang, and General Manager Wang Zhaohui, have all been subjected to administrative regulatory measures in the form of warning letters.
挪用基金财产向外借款 多家私募接罚单
Misappropriation of Fund assets to provide external loans has led to penalties for multiple private equity firms.
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