The trend of ‘supporting excellence and limiting inferiority’ continues to escalate, with 133 fines imposed by 24 local securities regulatory bureaus targeting private equity firms

On December 25th, private equity firms have been fined intensively since the fourth quarter of this year. According to the website of the China Securities Regulatory Commission, as of December 24th, 24 securities regulatory bureaus have issued 133 administrative regulatory measures and penalty decisions against 95 private equity firms and their relevant responsible persons, issuing warning letters and ordering corrections for various violations committed by private equity firms. (Securities Daily)