宁波市证券投资基金业协会


						<p></p><div id="img-content" style="margin: 0px; padding: 0px; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: medium; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 25.6px; widows: 1;">
	<div class="rich_media_content " id="js_content" style="margin: 0px; padding: 0px; overflow: hidden; font-size: 17px; word-wrap: break-word; text-align: justify;">
		<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; box-sizing: border-box !important; word-wrap: break-word !important; text-align: left;">
			<span style="text-align: justify; letter-spacing: 0.544px;">&nbsp; &nbsp; &nbsp; &nbsp;2018年8月31日，工业和信息化部、中国证监会联合召开工业互联网产融结合座谈会，就工业互联网发展思路、未来布局以及在产融结合方面的探索等进行研讨。工业和信息化部苗圩部长、证监会刘士余主席、张慎峰主席助理出席会议，工业和信息化部陈肇雄副部长主持会议。&nbsp;</span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; box-sizing: border-box !important; word-wrap: break-word !important; text-align: center;">
			<span style="text-align: justify; letter-spacing: 0.544px;"><img alt="" src="/uploads/180903/1-1PZ3095530136.PNG" style="width: 677px; height: 402px;"></span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em;">
			　　会议指出，加快发展工业互联网对于促进制造业转型升级、实体经济振兴，推进制造强国、网络强国建设具有重要意义，必须高度重视，切实发挥产融结合的重要推动作用，打通产业发展、科技创新、金融服务生态链，形成产融结合、良性互促的发展格局。会议强调，服务工业互联网和先进制造业创新发展是资本市场使命和职责所在，要进一步改革完善资本市场制度规则，努力提升证券行业专业化服务能力。</p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em;">
			　　工业互联网企业、证券经营机构等行业代表，工业和信息化部、证监会相关司局和直属单位负责同志参加会议。</p>
	</div>
</div>
<div class="rich_media_tool" id="js_toobar3" style="margin: 0px; padding: 15px 0px 0px; overflow: hidden; line-height: 32px; font-size: 15px; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; widows: 1;">
	&nbsp;</div>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

工业和信息化部、中国证监会联合召开工业互联网产融结合座谈会

私募基金登记备案相关问题解答（十五）


						<p></p><p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	厦门证监局于8月27日夜间连发7条采取责令改正措施的决定，要求违反私募法规的部分机构立即采取有效措施整改，个别隐患重重的机构也因此曝光。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	8月27日夜间，厦门证监局网站接连发布7条公告，针对辖区内部分私募机构的违规行为予以批评并责令采取有效措施积极整改。厦门一鸿资本管理有限公司、厦门中和元投资管理、厦门甲单元投资管理有限公司、厦门铭源红桥投资管理有限公司等七家机构因其涉及的七类违规问题而上榜。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">一宗错：投资者与产品或不适配</strong></p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	其中，厦门一鸿资本管理有限公司、厦门中和元投资管理、厦门甲单元投资管理有限公司和厦门铭源红桥投资管理有限公司等四家机构因为未明确个别投资者风险评估级别；未对基金进行风险评级；个别基金投资者的风险识别能力和风险承担能力与基金风险评级不匹配，且未做相关风险特别提示与确认措施等类似行为被责令改正。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《私募投资基金监督管理暂行办法》（以下简称《办法》）第十六条第一款明确规定，私募基金管理人自行销售私募基金的，应当采取问卷调查等方式，对投资者的风险识别能力和风险承担能力进行评估，由投资者书面承诺符合合格投资者条件；应当制作风险揭示书，由投资者签字确认。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《办法》第十七条规定，私募基金管理人自行销售或者委托销售机构销售私募基金，应当自行或者委托第三方机构对私募基金进行风险评级，向风险识别能力和风险承担能力相匹配的投资者推介私募基金。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">二宗错：未托管或引发财产安全问题</strong></p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	厦门红土投资管理有限公司因基金未托管，且未明确保障基金财产安全的制度措施和纠纷解决机制的行为，违反了《办法》的相关规定而被责令整改。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《办法》第二十一条的规定：除基金合同另有约定外，私募基金应当由基金托管人托管。基金合同约定私募基金不进行托管的，应当在基金合同中明确保障私募基金财产安全的制度措施和纠纷解决机制。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">三宗错：未定期防范利益冲突行为</strong></p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	厦门甲单元投资管理有限公司因未定期对员工防范利益冲突行为监督检查，违反了《办法》相关规定而被责令积极整改。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《办法》第二十二条的规定，同一私募基金管理人管理不同类别私募基金的，应当坚持专业化管理原则；管理可能导致利益输送或者利益冲突的不同私募基金的，应当建立防范利益输送和利益冲突的机制。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">四宗错：将他人财产与基金财产混同投资</strong></p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	中龙杭川（厦门）股权投资基金管理有限公司在运作中将他人财产混同于基金财产从事投资活动，这明显违背了相关规定。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《办法》第二十三条要求，私募基金管理人、私募基金托管人、私募基金销售机构及其他私募服务机构及其从业人员从事私募基金业务，不得将其固有财产或者他人财产混同于基金财产从事投资活动。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">五宗错：信息披露不完全</strong></p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	厦门金智汇投资管理有限公司由于未向基金投资者披露基金所投项目存在股权纠纷等可能影响投资者合法权益的重大信息，违反了《办法》的相关要求，被要求采取有效措施积极整改。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《办法》第二十四条的规定，私募基金管理人、私募基金托管人应当按照合同约定，如实向投资者披露基金投资、资产负债、投资收益分配、基金承担的费用和业绩报酬、可能存在的利益冲突情况以及可能影响投资者合法权益的其他重大信息，不得隐瞒或者提供虚假信息。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">六宗错：登记备案信息不及时不准确</strong></p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	厦门甲单元投资管理有限公司、厦门红土投资管理有限公司由于登记备案信息不准确、更新不及时等违规行为被责令整改。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《办法》第二十五条第一款的规定，私募基金管理人应当根据基金业协会的规定，及时填报并定期更新管理人及其从业人员的有关信息、所管理私募基金的投资运作情况和杠杆运用情况，保证所填报内容真实、准确、完整。发生重大事项的，应当在10个工作日内向基金业协会报告。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">七宗错：内部文档管理制度不完善</strong></p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	厦门一鸿资本管理有限公司还因涉及未妥善保存投资者适当性管理文件、基金投资决策等资料的行为被责令改正。有类似行为的还有中龙杭川（厦门）股权投资基金管理有限公司，厦门红土投资管理有限公司等。</p>
<p style="margin: 16px 0px; padding: 0px; max-width: 100%; box-sizing: border-box; clear: both; min-height: 1em; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; text-align: justify; -webkit-tap-highlight-color: transparent; font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 16px; line-height: 28px; widows: 1; text-indent: 2em; word-wrap: break-word !important;">
	《办法》第二十六条规定，私募基金管理人、私募基金托管人及私募基金销售机构应当妥善保存私募基金投资决策、交易和投资者适当性管理等方面的记录及其他相关资料，保存期限自基金清算终止之日起不得少于10年。</p>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

一夜连发七文，监管机构直指私募7宗“错”

宁波市证券期货业协会


                             <div ><table  border="0" cellpadding="0" cellspacing="0"><tbody><tr><td  align="center"><b>资本市场服务实体经济 ——宁波汽车零部件行业沙龙活动成功举行</b></td></tr><tr><td  align="center">新闻来源：宁波证券期货业协会&nbsp;&nbsp;  发布人：宁波证券期货业协会&nbsp;&nbsp;  点击率：6235&nbsp;&nbsp;  发布日期：2018.08.24</td></tr><tr><td  align="left" valign="top"><div ><img src="/upload/article/201808/7ebe7a3b-b43f-4610-b01c-9e5348e7b046.png" ></div><div ><p>&nbsp;&nbsp; 服务实体经济，助力宁波制造。2018年8月22日，由宁波江北区金融办、宁波上市公司协会、宁波市证券期货业协会、宁波市证券投资基金业协会共同举办的宁波汽车零部件行业沙龙活动在江北区荪湖山庄成功举行。</p><p>&nbsp; &nbsp;部分上市公司、拟上市公司、私募机构管理人、证券机构等参加了活动。爱柯迪股份有限公司、上海伴榕资本共同协办了此次活动。</p><p>&nbsp; &nbsp;活动邀请了华域汽车投资总监叶海先生就当前汽车行业、汽车市场的现状、汽车行业未来发展趋势以及人工智能在汽车行业的应用等主题进行了分享。中民国际执行董事陈原女士、上海伴榕资本董事总经理刘奕墨女士分别介绍了汽车行业跨境并购的实操演练以及汽车行业并购基金路演等。</p><p>&nbsp;&nbsp;&nbsp;活动最后议程安排了圆桌会议，邀请了五位嘉宾就“人工智能和移动出行AI&nbsp;and&nbsp;Mobility”主题进行了讨论。</p><p align="right">来源：宁波上市公司协会微信公众号</p></div></td></tr></tbody></table></div>

                       

资本市场服务实体经济 ——宁波汽车零部件行业沙龙活动成功举行


						<p></p><p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 37px; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span style="font-family:georgia,serif;"><span style="font-size:18px;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">&nbsp;8月23日下午，宁波霁泽投资定向路演座谈会在鄞州四明金融小镇顺利召开。光大证券、财通证券、国盛证券等十余家金融服务机构代表参加了会议。<br>
	<span style="letter-spacing: 0.544px;">&nbsp; &nbsp; &nbsp; &nbsp; 宁波霁泽投资管理有限公司张宁丰总经理就公司基本情况及投资理念和投资策略做了详细介绍。</span><br>
	<span style="letter-spacing: 0.544px;">&nbsp; &nbsp; &nbsp; &nbsp; 张宁丰总经理还对现下海内外可转债的热点问题和发展趋势与各参会机构做了热烈讨论，并对参会嘉宾提出的问题进行了详细解答。</span></span></span></span></p>
<p style="text-align: center;">
	<img alt="" src="/uploads/180827/1-1PRF93H4309.png">&nbsp;&nbsp;</p>
<p style="text-align: center;">
	<img alt="" src="/uploads/180827/1-1PRF93KDV.png"></p>
<p style="text-align: center;">
	&nbsp;<img alt="" src="/uploads/180827/1-1PRF94131W4.png" style="width: 620px; height: 459px;"></p>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

宁波霁泽投资管理有限公司定向路演活动成功举办

【协会转载】四大外资私募巨头：A股具有独特吸引力 看好大消费板块

【转载】私募3大违规典型案例解析：投资者数量超200人、挪用基金财产、资金


						<p></p><div id="img-content" style="margin: 0px; padding: 0px; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: medium; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 25.6px; widows: 1;">
	<div class="rich_media_content " id="js_content" style="margin: 0px; padding: 0px; overflow: hidden; font-size: 17px; word-wrap: break-word; text-align: justify;">
		<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; box-sizing: border-box !important; word-wrap: break-word !important; text-align: left;">
			<span style="text-align: justify; letter-spacing: 0.544px;">&nbsp; &nbsp; &nbsp; &nbsp;为深入贯彻党的十九大精神，落实党中央、国务院关于加快建设人才强国的战略要求和深入推进资本市场对外开放的部署安排，丰富资本市场投资主体，拓宽资金入市渠道，优化资本市场结构，经国务院同意，中国证监会正式发布《关于修改&lt;证券登记结算管理办法&gt;的决定》《关于修改&lt;上市公司股权激励管理办法&gt;的决定》，进一步放开符合规定的外国人开立A股证券账户的权限。</span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em;">
			　　本次修改内容主要涉及以下两个方面：</p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em;">
			　　一是修改《证券登记结算管理办法》有关规定，在原有规定的中国公民、中国法人、中国合伙企业等投资者范围基础上，增加“符合规定的外国人”作为投资者类别之一，并规定外国人申请开立证券账户的具体办法，由证券登记结算机构制定，报中国证监会批准。根据这一修改，目前将允许在境内工作的外国自然人投资者开立A股证券账户。</p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em;">
			　　二是修改《上市公司股权激励管理办法》，将可以成为股权激励对象的境内上市公司外籍员工范围，从在境内工作的外籍员工，扩大到所有外籍员工。</p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em;">
			　　修改后的《证券登记结算管理办法》和《上市公司股权激励管理办法》将于2018年9月15日起正式施行，同时，中国证券登记结算有限公司将出台有关外国人开立A股证券账户的实施规则。此外，证监会将抓紧会同相关部门做好税收、资金汇兑管理等方面的配套衔接工作，确保上述办法有序施行。</p>
	</div>
</div>
<div class="rich_media_tool" id="js_toobar3" style="margin: 0px; padding: 15px 0px 0px; overflow: hidden; line-height: 32px; font-size: 15px; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; widows: 1;">
	&nbsp;</div>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

证监会发布《关于修改<证券登记结算管理办法>的决定》和《关于修改<


						<p></p><div id="img-content" style="margin: 0px; padding: 0px; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: medium; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 25.6px; widows: 1;">
	<div class="rich_media_content " id="js_content" style="margin: 0px; padding: 0px; overflow: hidden; font-size: 17px; word-wrap: break-word; text-align: justify;">
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);"><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; text-indent: 2em;">一、私募基金管理人登记及私募基金产品备案总体情况</span></strong></span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">截至2018年7月底，中国证券投资基金业协会（以下简称“协会”）已登记私募基金管理人24093家，较上月增长0.79%；已备案私募基金74777只，较上月增长1.25%；管理基金规模12.79万亿元[1]，较上月增长1.46%。私募基金管理人员工总人数24.60万人，较上月增加764人。</span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em; text-align: center;">
			<img _width="642px" data-="" data-fail="0" data-ratio="0.616822429906542" data-s="300,640" data-type="png" data-w="642" src="https://mmbiz.qpic.cn/mmbiz_png/d5TIJFDjd8B5gAYzVKicRO4mvQib2SauialPMgibDa0KicGWefySLp8uleCM8WZzrBp25GSj68eXsQ1dZqtazve7lgg/640?wx_fmt=png" style="margin: 0px; padding: 0px; height: auto !important; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; width: 642px !important; visibility: visible !important;"></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">自资产管理业务综合报送平台上线以来，协会在新系统登记私募基金管理人8193家，平均退回补正次数2.28次；协会在新系统备案私募基金34818只，平均退回补正次数1.58次。</span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">2018年7月在资产管理业务综合报送平台新注册账号的机构537家，提交私募基金管理人登记申请的机构424家，申请过程中放弃登记的机构70家，办理通过机构246家，平均退回补正次数2.41次；当月在资产管理业务综合报送平台备案通过私募基金1709只，平均退回补正次数1.55次。</span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">根据《关于进一步规范私募基金管理人登记若干事项的公告》及《关于延后2018年第二季度私募基金信息更新报送截止日期的通知》相关要求，721家私募基金管理人因未按时履行季度更新义务累计达两次而新被列入异常机构名单，截至2018年7月底，被列入异常机构名单并对外公示的私募基金管理人达4116家。其中，未按照规定提交年度经审计财务报告的私募基金管理人2471家，累计两次未履行完毕季度更新义务的私募基金管理人2781家。</span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);"><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">二、不同机构类型私募基金管理人、不同基金类型私募基金相关情况</strong></span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">截至2018年7月底，已登记私募证券投资基金管理人8865 家，较上月增加38家；私募股权、创业投资基金管理人14461 家，较上月增加152家；其他私募投资基金管理人767家。</span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em; text-align: center;">
			<img _width="526px" data-="" data-fail="0" data-ratio="0.5437262357414449" data-s="300,640" data-type="png" data-w="526" src="https://mmbiz.qpic.cn/mmbiz_png/d5TIJFDjd8B5gAYzVKicRO4mvQib2SauialMEblelGCK8MNUWcC8Bg3H66NaCQHjx8NtBusicD8uzy0Q5Vw0vkhlwA/640?wx_fmt=png" style="margin: 0px; padding: 0px; height: auto !important; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; width: 526px !important; visibility: visible !important;"></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">截至2018年7月底，已备案私募证券投资基金36280只，基金规模2.41万亿元，较上月减少1261.56亿元，减少4.97%；私募股权投资基金26320只，基金规模7.46万亿元，较上月增加2643.94亿元，增长3.67%；创业投资基金5912只，基金规模0.80万亿元，较上月增加487.06亿元，增长6.51%；其他私募投资基金6265只，基金规模2.12万亿元，较上月减少27.54亿元，减少0.13%[3]。</span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em; text-align: center;">
			<img _width="667px" data-="" data-fail="0" data-ratio="0.3523238380809595" data-s="300,640" data-type="png" data-w="667" src="https://mmbiz.qpic.cn/mmbiz_png/d5TIJFDjd8B5gAYzVKicRO4mvQib2SauialGmB301PvjRRZIemtwx7EEibicfUXic6MPhg2Io3953B5tqIHicjVaib8cgA/640?wx_fmt=png" style="margin: 0px; padding: 0px; height: auto !important; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; width: 667px !important; visibility: visible !important;"></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);"><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; text-indent: 2em; box-sizing: border-box !important; word-wrap: break-word !important;">三、私募基金管理人地域分布情况</span></strong></span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">截至2018年7月底，已登记私募基金管理人数量从注册地分布来看（按36个辖区），集中在上海、深圳、北京、浙江（除宁波）、广东（除深圳），总计占比达71.75%，略低于6月份的71.88%，前五大辖区私募基金管理人集中度呈逐月下降趋势。其中，上海4762家、深圳4598家、北京4304家、浙江（除宁波）2019家、广东（除深圳）1603家，数量占比分别为19.77%、19.08%、17.86%、8.38%、6.65%。具体情况见下表：</span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em; text-align: center;">
			<img _width="518px" data-="" data-fail="0" data-ratio="1.5212355212355213" data-s="300,640" data-type="png" data-w="518" src="https://mmbiz.qpic.cn/mmbiz_png/d5TIJFDjd8B5gAYzVKicRO4mvQib2Sauial7ChtMjXcWu1yzZtiaLW0ml3grFJdQDEj6pKDibmRojbicN2fxF7AHyHFQ/640?wx_fmt=png" style="margin: 0px; padding: 0px; height: auto !important; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; width: 518px !important; visibility: visible !important;"></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);"><strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">四、私募基金管理人管理基金规模情况</strong></span></p>
		<p style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; clear: both; min-height: 1em; text-align: center;">
			<img _width="475px" data-="" data-fail="0" data-ratio="0.5515789473684211" data-s="300,640" data-type="png" data-w="475" src="https://mmbiz.qpic.cn/mmbiz_png/d5TIJFDjd8B5gAYzVKicRO4mvQib2SauialClVWVMu57OL0LhlicCJw2R8pDZeGRpyIZFqKactUicBlhysm24UTvt9g/640?wx_fmt=png" style="margin: 0px; padding: 0px; height: auto !important; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; width: 475px !important; visibility: visible !important;"></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0);">截至2018年7月底，已登记私募基金管理人管理基金规模在100亿元及以上的有233家，管理基金规模在50亿-100亿元的264家，管理基金规模在20亿-50亿元的646家，管理基金规模在10亿-20亿元的833家，管理基金规模在5亿-10亿元的1113家，管理基金规模在1亿-5亿元的4256家，管理基金规模在0.5亿-1亿元的2264家。截至2018年7月底，已登记的私募基金管理人有管理规模的共21252家，平均管理基金规模6.02亿元。</span></p>
		<hr size="1" style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;" width="33%">
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: normal; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(0, 0, 0); font-size: 12px;">[1]私募基金管理人登记及私募基金产品备案月报所提供的私募基金管理人管理基金数量及规模相关数据，为正在运作的基金数量及基金规模，不包含已清盘的基金数量及规模。关于管理基金规模，以相关基金填报的运行表中期末净资产为准，其中，如相关基金新设立，且暂未更新运行表，以募集资金规模为准。</span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: normal; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 12px; color: rgb(0, 0, 0);">[2]本图所列示相关数据均为相应月末的时点数据。</span></p>
		<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; text-indent: 2em; line-height: normal; box-sizing: border-box !important; word-wrap: break-word !important;">
			<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; font-size: 12px; color: rgb(0, 0, 0);">[3]本文提到的私募证券投资基金、私募股权投资基金、创业投资基金、其他私募投资基金均包含相应FOF基金，其中，私募证券投资基金包含自主发行类及顾问管理类。</span></p>
	</div>
</div>
<div class="rich_media_tool" id="js_toobar3" style="margin: 0px; padding: 15px 0px 0px; overflow: hidden; line-height: 32px; font-size: 15px; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; widows: 1;">
	&nbsp;</div>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

【协会数据】私募基金管理人登记及私募基金产品备案月报（2018年第7期）


						<p></p><p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	来源：中国证券报 作者：吴娟娟</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　私募基金有望从纸质签约进入电子签约时代。近期，中证机构间报价系统（简称“中证报价”）首单电子签约私募基金产品已在中国证券投资基金业协会备案成功，推动我国私募基金进入电子签约时代。业内人士表示，私募基金电子签约将大大提高私募基金运营效率，降低运营成本，且日后“萝卜章”、“阴阳合同”将难以有可乘之机。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	<span style="font-weight: 700 !important;">　　首单私募电子签约业务完成</span></p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　近期，在中国证券投资基金业协会、公安部第一研究所、中国结算、金杜律师事务所、北京网协电子数据司法鉴定中心及相关托管机构见证下，中证报价私募基金电子签约系统正式上线。上线当日，首只私募基金的管理人及托管人完成签约，随后管理人根据产品的发行期安排与客户沟通并陆续通过中证私募基金电子签约系统进行合同签署，日前该私募基金产品已经在中国证券投资基金业协会成功备案。证监会相关部门也参加了此次私募基金电子签约业务上线。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　据了解，中证私募基金电子签约系统由中证报价建设运营，为私募基金参与各方提供私募基金电子合同在线签署及管理的全流程服务，满足私募基金全生命周期的签约需求。中证报价总经理葛伟平表示，中证报价将继续开发和完善私募基金电子签约系统，为私募基金行业参与人提供专业服务，同时也为监管部门和行业自律管理组织提供监管协作的支持。中证报价将立足建设身份独立、合规高效的私募基金行业基础设施，促进私募基金行业发展，以服务私募行业各类型参与人。中证报价是经中国证监会批准并由中国证券业协会按照市场化原则管理的金融机构，主要负责运营机构间私募产品报价与服务系统、提供私募产品报价、发行、转让及互联互通、登记结算、信息展示等服务。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　电子签约如何规范私募基金合同签署？中证报价私募基金业务部总监张海平解释，中证报价按照监管要求建立了严格的准入门槛，要求参与签约的私募基金管理人、私募基金托管人须具备依法合规运营的条件，满足相关规定的，方为其颁发相应的数字证书；投资者也通过实名认证确保其身份真实有效；中证私募基金电子签约系统提供整体的身份认证机制，从技术上为用户签约资质的合规审查提供实现工具。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　中证报价信息技术部总监王亚军补充说，中证私募基金电子签约平台不仅注重业务流程的合规，更视数据安全为自己的生命线。签约各方在签约过程中通过平台采取安全通讯机制保障数据传输的安全性，签约各方数据采取默认最小可见原则，有效保护各方的数据隐私，同时平台对签约过程产生的相关数据采取高强度加密后进行安全存储，并通过区块链技术确保所有签约数据完整性、准确性及不可篡改性。这不仅可以防止“萝卜章”、“阴阳合同”等签约乱象，当签约参与方发生纠纷时，签约系统还可根据签约方申请，出具完整的存证报告。据了解，监管部门已将推动私募基金行业电子签约方式列为2018年重点工作。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　首笔应用中证私募基金电子签约的是一只契约型证券投资基金，私募基金管理人为宁波美港投资管理中心（有限合伙），托管人<span id="stock_sh600030"><a class="keyword" data-sudaclick="content_marketkeywords_p" href="http://finance.sina.com.cn/realstock/company/sh600030/nc.shtml" style="color: rgb(55, 83, 162); outline: 0px; -webkit-tap-highlight-color: transparent; text-decoration-line: none;" target="_blank">中信证券</a></span><span id="quote_sh600030">(<font color="green">15.830</font>,&nbsp;<font color="green">-0.04</font>,&nbsp;<font color="green">-0.25%</font>)</span>（15.87 -1.98%，诊股）（14.08 -3.30%），首个投资人为美港投资的自然人客户。“首次签约，客户需要上网注册、认证并签署，相较直接在纸质合同上签名，客户需要一个熟悉适应的过程。不过我们与客户沟通之后客户很快同意。”美港投资CEO陈龙表示。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	<span style="font-weight: 700 !important;">　　为行业规范发展奠定基础</span></p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　中信证券托管部负责人吴俊文及参与的私募基金管理人均表示，电子签约系统的上线将有效降低管理人和托管人的运营成本，提高签约效率，为私募基金行业的合规运营创造良好条件。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　金杜律师事务所合伙人何放认为，电子签约系统通过参与方身份验证、签约操作等流程的设计，确保了电子证据的完整性，并通过区块链加密技术等确保了电子数据的真实性，确保发生纠纷时能够出具有效的电子证据，降低签约参与方的业务风险。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　据了解，中证私募基金电子签约系统不仅为私募基金参与各方提供了私募基金电子签约功能。通过签约系统，募集机构还可以为每只产品、每个客户建立投资者适当性电子档案，做到投资者适当性流程的全留痕，同时对客户相关信息采取高强度密码算法进行加密存储，对相关数据的访问采取授权访问及最小可见策略。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　电子签约为私募后续的规范发展奠定了重要基础。海外经验显示，私募基金规范发展不仅需要基金管理人规范投资，基金中后端规范运营不可或缺，后者甚至从一定程度上决定了投资者所能享受服务的质量。签约的规范性是私募基金基础设施建设中最基础也是最关键的环节之一。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	<span style="font-weight: 700 !important;">　　践行绿色金融理念</span></p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　中证私募基金电子签约系统将显著降低私募基金管理人合同管理的成本。行业经验显示，传统纸质合同完成多方流转签约平均需要7到10天，线上签署合同一天之内即可完成，时间成本显著降低。</p>
<p style="margin: 0px 0px 30px; padding: 0px; text-size-adjust: 100%; color: rgb(77, 79, 83); font-family: &quot;Microsoft Yahei&quot;, 微软雅黑, &quot;STHeiti Light&quot;, 华文细黑, SimSun, 宋体, Arial, sans-serif; font-size: 18px; letter-spacing: 1px;">
	　　“对于基金管理人来说，平均一套私募基金合同，按照监管要求存储20年以上，合同印刷、归档存储等综合成本高企，而电子存储这些合同的成本不足一半。”张海平表示，电子签约将显著降低私募管理人的合同成本，更重要的是私募基金使用电子合同可以节约大量的人力、物力等社会资源，在无形中践行了绿色金融的理念。</p>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

私募基金进入电子签约时代 Fintech利器问世


						<p></p><p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; text-indent: 2em; box-sizing: border-box !important; word-wrap: break-word !important;">
	近期基金业协会就私募基金管理人重大事项变更登记做出了新的规定，据基金业协会资产管理业务综合报送平台“管理人重大事项变更”显示，机构应审慎提交含法律意见书的重大事项变更，首次提交后6个月内仍未办理通过或退回补正次数超过5次，机构将无法进行新产品备案。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　此限制势必会打击一些私募买卖壳转让行为，转让失败的风险也因此加大。私募申请重大事项变更登记次数受限</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　据相关信息显示，在基金业协会资产管理业务综合报送平台中的“管理人重大事项变更”中，协会特别提醒：“请机构审慎提交含法律意见书的重大事项变更，首次提交后6个月内仍未办理通过或退回补正次数超过5次，机构将无法进行新产品备案”。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　有业内人士表示，这样一来，未在时限或次数限制内办理通过重大事项变更登记的私募管理机构，将面临两种可能后果：</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　第一是如不撤回变更登记申请，则将无法备案新的产品；第二是如撤回变更登记申请，则需在工商行政管理部门再次进行工商变更登记，使私募基金管理机构恢复为变更前的状态，否则可能因未进行重大事项变更信息报送，而面临被基金业协会暂停受理新的私募基金产品备案申请并被列入异常机构名单的风险。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　实际上中基协在打击私募买卖新壳方面早已有动作，在2017年11月<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">3日</span>《私募基金登记备案相关问题解答》中，明确要求申请私募基金管理人登记的机构应当书面承诺，在备案完成第一只基金产品前，不进行法定代表人、控股股东或实际控制人的重大事项变更，不随意更换总经理、合规风控负责人等高级管理人员。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　此后基金业协会表示，已有管理规模的私募基金管理人在办理法定代表人、实际控制人或控股股东的重大事项变更申请时，除应按要求提交专项法律意见书外，还应当提供相关证明材料，充分说明变更事项原由及合理性；2018年5月<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">24日</span>，中基协在官方<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">微信</span>公众号发布《严正声明》，针对私募基金管理人法定代表人、实际控制人或控股股东的重大事项变更申请，协会将比照新申请机构登记要求和程序办理，并相应核查存续产品的合规性及信息披露情况。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">私募“壳”生意势必受到打击</strong></p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　私募行业在2017年迎来了高速发展阶段，同时也进入了分化阶段，一边是大型私募爆款连连，一边是小型私募艰难度日。因此，小型私募的卖壳生意也暗潮涌动，不少中介专门从事“私募壳”生意，已形成“买壳、保壳一条龙”服务。高峰时期有的“私募壳”售价更是高达上百万元，中介机构从中可直接赚走10万元到30万元，这也使得很多生存艰难的小型私募机构动起了“高价卖壳”的念头。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　从2017年开始，一些没有获得私募牌照的投资公司，通过收购其他已经获取私募基金牌照的小型私募基金，来获取合法基金牌照的私募壳交易行为，已经受到监管层的极大关注。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　面对市场乱局，监管层开始收紧私募备案流程，让门槛越来越高，同时还多次注销大量空壳私募、问题私募。今年6月，基金业协会也发表声明称，将坚决打击“私募壳”买卖行为。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　以“中精国投”多只票据私募基金产品违约报道为例子，揭露了私募壳公司买卖导致的乱象，其中票据私募产品全部逾期的中精国投是在2017年6月<span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;">27日</span>买来的私募壳公司，公司总经理没有基金从业资格，公司法人董杰也是中精国投的销售人员挂靠的。</p>
<p style="margin: 12px 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; line-height: 30px; box-sizing: border-box !important; word-wrap: break-word !important;">
	　　私募人士指出，协会的这一新规定势必会打击市场上的一些买卖壳转让行为，导致的结果就是私募壳公司转让失败的风险加大。</p>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

中基协新要求：限制私募申请变更登记次数

<p></p><div>
	<p style="text-align: center;">
		<span style="font-size:24px;">【第145号令】《证券期货经营机构及其工作人员廉洁从业规定》 </span></p>
	<p>
		<br>
		</p>
</div>
<div id="ContentRegion">
	<div>
		<div>
			<p style="text-align: center;">
				中国证券监督管理委员会令&nbsp;</p>
			<p style="text-align: center;">
				　　第145号</p>
			<p>
				　　</p>
			<p>
				　　《证券期货经营机构及其工作人员廉洁从业规定》已经2018年5月2日中国证券监督管理委员会2018年第3次主席办公会会议审议通过，现予公布，自公布之日起施行。</p>
			<p style="text-align: right;">
				　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　</p>
			<p style="text-align: right;">
				　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　 中国证券监督管理委员会主席：刘士余</p>
			<p style="text-align: right;">
				　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　 2018年6月27日</p>
		</div>
	</div>
</div>
<div class="content">
	<a href="http://www.csrc.gov.cn/pub/zjhpublic/zjh/201806/P020180629548455716927.pdf">附件：《证券期货经营机构及其工作人员廉洁从业规定》.pdf</a></div>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>

【第145号令】《证券期货经营机构及其工作人员廉洁从业规定》


						<p></p><p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 27.2px; widows: 1; box-sizing: border-box !important; word-wrap: break-word !important;">
	&nbsp; &nbsp; &nbsp; 今日，笔者登陆基金业协会资产管理业务综合报送平台“<span style="margin: 0px; padding: 0px; max-width: 100%; text-decoration-line: underline; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; color: rgb(11, 1, 36);">管理人重大事项变更</span></span>”界面发现，基金业协会就私募基金管理人重大事项变更登记再出新限制：</p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 27.2px; widows: 1; box-sizing: border-box !important; word-wrap: break-word !important;">
	&nbsp; &nbsp; &nbsp; 根据基金业协会在“管理人重大事项变更”界面的提示，“请贵机构审慎提交含法律意见书的重大事项变更，首次提交后6个月内仍未办理通过或退回补正次数超过5次，贵机构将无法进行新产品备案”，私募基金管理人申请重大事项变更登记在申请期间及次数上均受到限制。后笔者经联系基金业协会被告知，此为于今日发出的最新要求。</p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 27.2px; widows: 1; box-sizing: border-box !important; word-wrap: break-word !important;">
	&nbsp; &nbsp; &nbsp; 此前，基金业协会已发布的自律性规则中，对于私募基金管理人申请重大事项变更登记未通过的后果并未进行明确规定，今日发布的该项最新要求对此进行了弥补。该要求即意味着，<span gb="gb" helvetica="helvetica" left="left" neue="neue" none="none" normal="normal" px="px" sans="sans" style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; float: none; color: rgb(0, 0, 0); display: inline !important; background-color: transparent;" yahei="yahei">未在时限或次数限制内办理通过重大事项变更登记的私募管理机构，将面临两种局面：</span></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 27.2px; widows: 1; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span gb="gb" helvetica="helvetica" left="left" neue="neue" none="none" normal="normal" px="px" sans="sans" style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; float: none; color: rgb(0, 0, 0); display: inline !important; background-color: transparent;" yahei="yahei">（1）如不撤回变更登记申请，则将无法备案新的产品。</span></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 27.2px; widows: 1; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span gb="gb" helvetica="helvetica" left="left" neue="neue" none="none" normal="normal" px="px" sans="sans" style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; float: none; color: rgb(0, 0, 0); display: inline !important; background-color: transparent;" yahei="yahei">（2）如撤回变更登记申请，则需</span><span gb="gb" helvetica="helvetica" left="left" neue="neue" none="none" normal="normal" px="px" sans="sans" style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; float: none; color: rgb(0, 0, 0); display: inline !important; background-color: transparent;" yahei="yahei">在工商行政管理部门再次进行工商变更登记，使私募基金管理机构恢复为变更前的状态。否则，可能因未进行重大事项变更信息报送而面临被基金业协会</span><span gb="gb" helvetica="helvetica" left="left" neue="neue" none="none" normal="normal" px="px" sans="sans" style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; float: none; color: rgb(0, 0, 0); display: inline !important; background-color: transparent;" yahei="yahei">暂停受理新的私募基金产品备案申请，并被列入异常机构名单的风险。</span></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; font-variant-numeric: normal; font-variant-east-asian: normal; letter-spacing: 0.544px; line-height: 27.2px; widows: 1; box-sizing: border-box !important; word-wrap: break-word !important;">
	&nbsp; &nbsp; &nbsp; 关于私募基金管理人在申请重大事项变更后是否可以撤回变更申请的问题，经笔者登陆<span gb="gb" helvetica="helvetica" left="left" neue="neue" none="none" normal="normal" px="px" sans="sans" style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important; float: none; color: rgb(0, 0, 0); display: inline !important; background-color: transparent;" yahei="yahei">资产管理业务综合报送平台</span>查看发现，如该变更登记申请尚在协会办理过程中，则无法撤回变更申请；如已就该变更事项收到协会反馈意见的，则可以取消变更。</p>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

私募基金管理人重大事项变更登记申请再出新要求！


						<p></p><p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-indent: 0em; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important; text-align: center;">
	<img alt="" src="/uploads/180806/1-1PP6110606142.jpg" style="width: 725px; height: 544px;"></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 2em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">服务实体经济，助力宁波制造，由宁波市海曙区金融工作办公室、宁波市证券投资基金业协会、宁波上市公司协会、宁波市证券期货业协会主办，海曙月湖金汇小镇和天风证券股份有限公司承办的资本市场服务实体经济-月湖论坛（第一期）8月3号在南苑饭店举行，来自私募机构管理人、上市公司及新三板公司主要负责人、证券期货机构负责人等共约220人参与。</span></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; box-sizing: border-box !important; word-wrap: break-word !important; text-align: center;">
	<img alt="" src="/uploads/180806/1-1PP6110630341.jpg" style="width: 725px; height: 544px;"></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 0em; box-sizing: border-box !important; word-wrap: break-word !important;">
	&nbsp;</p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; box-sizing: border-box !important; word-wrap: break-word !important; text-align: center;">
	<img alt="" src="/uploads/180806/1-1PP6110GLS.jpg" style="width: 725px; height: 544px;"></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">首先，由宁波市海曙金融办主任王宗成与与天风证券副总裁刘翔分别致辞。</span></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; box-sizing: border-box !important; word-wrap: break-word !important; text-align: center;">
	<img alt="" src="/uploads/180806/1-1PP6110PMN.jpg" style="width: 725px; height: 408px;"></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 32px; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">敦和资产管理公司首席经济学家徐小庆做《宏观经济形势解读》主题演讲，并总结了以下内容：</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 32px; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">第一</span></strong><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">中美贸易战没有那么可怕，中国的制造业产业链优势、竞争优势、市场需求优势依然存在。</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 32px; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">第二</span></strong><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">汇率仅仅是调节经济的手段。</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 32px; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">第三</span></strong><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">股票市场的主要矛盾是资金供给不足，房地产市场占用了大量的流动性，目前波动性较大，仍然在杀估值。</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 32px; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">第四</span></strong><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">M2与GDP的增速差将决定股票市场的走向，流动性推动。</span></p>
<p style="margin: 0px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; box-sizing: border-box !important; word-wrap: break-word !important; text-align: center;">
	<img alt="" src="/uploads/180806/1-1PP6110R61W.PNG" style="width: 725px; height: 494px;"></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 32px; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">天风证券研究所董事总经理大制造组总监邹润芳主讲《新旧动能转换 探求高端制造未来之路》，邹润芳先生就机械制造业方面总结了以下内容：</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">第一</span></strong><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">制造业转型升级，贸易冲突将不可避免，必须要调结构补短板。</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">第二</span></strong><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">制造业强国是国家意志，中国核心资产的投资逻辑就是龙头市占率与业绩的提升。</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<strong style="margin: 0px; padding: 0px; max-width: 100%; box-sizing: border-box !important; word-wrap: break-word !important;"><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">第三</span></strong><span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; box-sizing: border-box !important; word-wrap: break-word !important;">终点领域：就智能制造、汽车及零部件、军工业而言，有两年到三年的景气周期，并且形成混合所有制改革和军民深度融合的趋势。</span></p>
<p style="margin: 5px 0px 10px; padding: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgb(51, 51, 51); font-family: -apple-system-font, BlinkMacSystemFont, &quot;Helvetica Neue&quot;, &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei UI&quot;, &quot;Microsoft YaHei&quot;, Arial, sans-serif; font-size: 17px; letter-spacing: 0.544px; text-align: justify; text-indent: 32px; line-height: 1.75em; box-sizing: border-box !important; word-wrap: break-word !important;">
	<span style="margin: 0px; padding: 0px; max-width: 100%; font-family: 宋体; letter-spacing: 1px; text-indent: 34px; box-sizing: border-box !important; word-wrap: break-word !important;">最后，天风证券执行董事郑洁做《如何利用资本市场工具服务实体经济》主题演讲。</span></p>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

资本市场服务实体经济-月湖论坛（第一期）成功举行


						<p></p><div>
	<span style="color:#000000;"><span style="font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify;">&nbsp; &nbsp; 2018年7月30日，湖南省证券业协会刘丹岳秘书长及湖南辖区部分证券经营机构一行来宁波考察交流，宁波市证券投资基金业协会副会长兼秘书长谢贯忠陪同考察。湖南辖区证券经营机构一行考察参观了宁波市海曙区月湖金汇小镇，了解宁波的历史文化，并就基金小镇建设进行了交流。</span></span></div>
<div style="text-align: center;">
	<span style="color: rgb(51, 51, 51); font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify;"><img alt="" src="/uploads/180802/1-1PP209340E92.jpg" style="width: 725px; height: 544px;"></span></div>
<div style="text-align: center;">
	<span style="color: rgb(51, 51, 51); font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify;"><img alt="" src="/uploads/180802/1-1PP2093442P4.jpg" style="width: 725px; height: 544px;"></span></div>
<div>
	<span style="color:#000000;"><span style="font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px;">&nbsp; &nbsp; 7月31日，宁波部分私募基金管理人与湖南辖区证券经营机构进行了座谈交流。谢贯忠副会长介绍了宁波私募基金行业的基本情况及特色，湖南辖区各证券经营机构负责人逐</span><span style="font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px;">一介绍了自身的基本情况、私募基金业务现状及未来合作思路，近10家宁波的私募基金管理人分别介绍了自身的发展历程、投资理念及历史业绩，为后期业务合作奠定基础。</span></span></div>
<div style="text-align: center;">
	<span style="color: rgb(51, 51, 51); font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px;"><img alt="" src="/uploads/180802/1-1PP2093514W7.jpg" style="width: 725px; height: 544px;"></span></div>
<div>
	<span style="color:#000000;"><span style="font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px;">&nbsp; &nbsp; 随后，湖南辖区证券经营机构一行赴浙江宁聚投资管理有限公司考察参观。同时，宁聚投资、冰剑投资、美港资本及宝荟资产4家私募基金管理人分别向湖南辖区证券经营机构做详细的路演，介绍投资策略、投研团队、风险控制及历史业绩。</span></span></div>
<div style="text-align: center;">
	<span style="color: rgb(51, 51, 51); font-family: 仿宋; font-size: 16px; letter-spacing: 0.544px; text-align: justify; text-indent: 34px;"><img alt="" src="/uploads/180802/1-1PP209353c53.jpg" style="width: 725px; height: 544px;"></span></div>
<p></p>
<div class="download1" hidden=""><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div><div class="nyrp5">
<a href="" target="_blank"><img src="/dedeCMS/templets/default/images/download.png" height="10" align="center"></a>
</div></div>
					

协会动态

文章列表