On September 30, the Zhejiang Securities Regulatory Bureau website published a decision to issue a warning letter against Hangzhou Zhengban Private Equity Fund Management Co., Ltd. Investigations revealed that in carrying out private equity fund business, the company ceded the investment management function of private equity funds to others, failed to fulfill the manager's duty of prudence and diligence, and violated the provisions of Article 27 (1) of the “Regulations on the Supervision and Administration of Private Equity Funds” and Article 4 (1) of the “Interim Measures on the Supervision and Administration of Private Equity Funds”. According to relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervisory and administrative measures to issue a warning letter against the company and record it in the securities and futures market integrity file.

On September 30, the Zhejiang Securities Regulatory Bureau website published a decision to issue a warning letter against Hangzhou Zhengban Private Equity Fund Management Co., Ltd. Investigations revealed that in carrying out private equity fund business, the company ceded the investment management function of private equity funds to others, failed to fulfill the manager's duty of prudence and diligence, and violated the provisions of Article 27 (1) of the “Regulations on the Supervision and Administration of Private Equity Funds” and Article 4 (1) of the “Interim Measures on the Supervision and Administration of Private Equity Funds”. According to relevant regulations, the Zhejiang Securities Regulatory Bureau decided to take supervisory and administrative measures to issue a warning letter against the company and record it in the securities and futures market integrity file.