At the beginning of 2024, the construction of an "orderly entry and exit" private equity industry ecosystem continues to advance. According to the information publicized by the AMAC, on January 7, Shijiazhuang Urban Holdings' private equity investment was cancelled according to the announcement. This is the first private equity ** manager to be "cancelled by announcement" in 2024.
It is reported that the private equity manager cancellation institutions are roughly divided into three categories, in addition to "cancellation according to the announcement", there are two types of "voluntary cancellation" and "association cancellation".
Starting from May 1, 2023, the Measures for the Registration and Filing of Private Investment** re-stipulate that "the registration of self-issued private placement** within 12 months after registration, or the filing of a new private placement** within 12 months after the liquidation of all the registered private placement**, the Association will cancel the registration of its private placement manager and publicize it." "Therefore, at present, the filing time limit for the initial public offering has been 12 months.
According to industry insiders, the cancellation of the registration of private equity managers in accordance with the "Announcement on Further Regulating Several Matters Concerning the Registration of Private Equity Managers" is not a self-discipline punishment for relevant institutions, and if the cancelled institutions have real business needs, they can also re-apply for the registration of private equity managers in accordance with relevant requirements. 