Lijin Finance

Newsflash

• Effective From September 1, 2026! An In-depth Interpretation Of The New Regulations On Information Disclosure Of Private Equity Investment Funds

  Preface

  On December 30, 2025, the China Securities Regulatory Commission (hereinafter referred to as the "CSRC") reviewed and approved the "Measures for the Supervision and Administration of Information Disclosure of Private Investment Funds" (hereinafter referred to as the "New Information Disclosure Regulations"), which will be effective from September 1, 2026. As the upper-level regulatory rules in the field of private equity fund information disclosure, the Measures are based on the "Securities Investment Fund Law of the People's Republic of China" and the "Private Investment Fund Supervision and Administration Regulations" as the legislative basis, and systematically regulate the subject, content, method, affairs management and legal responsibilities of private equity fund information disclosure.

  Back on February 4, 2016, the Asset Management Association of China (hereinafter referred to as the "China Asset Management Association") issued the "Private Investment Fund Information Disclosure Management Measures" (hereinafter referred to as the "Association Information Disclosure Measures"). As an industry self-regulatory rule, it initially established a self-regulatory regulatory framework for private equity fund information disclosure and played an important role in regulating the private equity industry's information disclosure behavior and protecting private equity investors' right to know. However, as the scale of the private equity fund industry expands, product structures become more complex, and cross-field investments increase, self-regulatory management alone is no longer able to meet the needs of industry development. The introduction of the new letter disclosure regulations has realized the transformation of private equity fund letter disclosure supervision from "self-discipline-led" to "collaboration of administrative supervision and self-discipline management", filling the gap in rules at the administrative supervision level.

  This article combines the practical experience of the association’s letter disclosure methods and provides an in-depth interpretation of the new letter disclosure regulations from the aspects of rule positioning, core clause comparison, practical changes and compliance suggestions, etc., with a view to providing reference for the compliance operations of private equity fund managers, custodians, sales agencies and related entities, and assisting the high-quality development of the private equity industry.

  1. From self-discipline and regulation to coordination of administrative supervision and self-discipline management

  As an industry self-regulatory rule, the association's letter disclosure method can only be based on "industry self-discipline management". The management subject is limited to the China Foundation Association. The management methods are mainly disciplinary sanctions, such as conversation reminders, written warnings, industry censure, blacklisting, etc.

  The new rules for information disclosure clarify the mechanism of "administrative supervision leading and self-regulatory management coordination", clarifying that the China Securities Regulatory Commission and its dispatched agencies are the main regulatory entities for private equity fund information disclosure, and they exercise supervisory and management powers in accordance with the law. The China Fund Association conducts self-regulatory management in accordance with laws, administrative regulations and self-regulatory rules. This change in positioning is mainly reflected in two aspects: First, it makes up for the shortcomings of the association's low-level rules and insufficient punishments in the association's letter disclosure regulations, and strengthens the rigid constraints of the letter disclosure rules by setting clear administrative supervision measures and administrative penalty clauses; second, it clarifies the division of labor and cooperation between administrative supervision and self-discipline management. The China Securities Regulatory Commission is responsible for macro supervision and violation penalties, and the China Association for Basic Law is responsible for daily self-discipline inspections and business guidance, forming a regulatory synergy.

  From a practical point of view, this change in positioning further promotes the inclusion of private equity fund information disclosure into the scope of administrative supervision. The disclosure behavior of relevant entities must not only comply with the self-discipline requirements of the China Foundation Association, but also strictly abide by the administrative supervision regulations of the China Securities Regulatory Commission, otherwise they will face severe administrative liability.

  2. Comparative interpretation of core terms

  The new rules on information disclosure include seven chapters and 44 articles. Compared with the association's information disclosure methods, they are more complete in structure and more detailed in content. They focus on strengthening and improving information disclosure subjects, disclosure requirements, disclosure content, affairs management and legal responsibilities. Based on the relevant provisions of the association’s letter disclosure methods, we have a detailed comparative interpretation as follows:

  (1) Expansion of scope and refinement of responsibilities of information disclosure entities

  Article 2 of the Association’s Information Disclosure Measures stipulates that information disclosure obligors are private equity fund managers, private equity fund custodians, and other entities specified by laws, administrative regulations, the China Securities Regulatory Commission, and the China Asset Management Association. It does not clearly include private equity fund sales agencies within the scope of obligated entities. It only mentions “slandering other fund sales agencies” in the prohibited behaviors of information disclosure obligors, and does not provide specific provisions on their information disclosure responsibilities.

  Article 2 of the new letter disclosure regulations clearly includes “private fund sales agencies accepting the entrustment of private fund managers to disclose private fund information to investors” within the scope of application. In addition, Article 32 of the new disclosure regulations also includes shareholders, partners, and actual controllers of private equity managers as subjects of cooperation obligations, requiring them to proactively inform relevant information and not to conceal or provide false information, nor to organize or instruct managers to violate the disclosure regulations.

  Practical impact: In the case of entrusted sales, private equity fund sales agencies are the first step for investors to contact fund products, and their disclosure behavior directly affects investors' decisions. The new disclosure regulations clearly include private equity fund sales agencies as obligated subjects, filling the previous regulatory gap; at the same time, the new disclosure regulations clarify the cooperation obligations of managers, shareholders, and actual controllers, strengthening "penetrating supervision."

  (2) Strengthening and refining the basic requirements for information disclosure

  Article 4 of the Association's Information Disclosure Measures only requires the information disclosure obligor to ensure the "authenticity, accuracy and completeness" of the information, without mentioning "timeliness", and the requirements for disclosure methods, risk disclosure and other requirements are relatively principled.

  Article 3 of the new information disclosure regulations adds "timeliness" requirements on the basis of "authenticity, accuracy and completeness", clarifying that information disclosure should be based on the interests of investors; Article 8 further requires managers to clarify the content, channels, methods and frequency of information disclosure in the fund contract, as well as the contact information for investors to consult on information disclosure matters, the emergency mechanism for managers unable to perform information disclosure obligations, and the contract stipulations must not be lower than legal requirements; Article Article 10 makes it clear that disclosures should be made in a non-public manner as agreed with investors, through mail, email, the website or mobile client of the specific object determination process, etc., to ensure that investors can obtain information in a timely manner, and the content of the same information disclosed through different channels should be consistent; Article 12 strengthens the risk disclosure requirements of managers, clarifying that complex and high-risk private equity funds need to disclose risks in a significant way, and inform investors to make prudent decisions and bear their own risks. In addition, Article 13 of the New Information Disclosure Regulations adds a new “penetrating disclosure” requirement, clarifying that if a private equity fund invests in other private equity funds, non-public asset management products, or invests through special purpose vehicles, the invested entity shall cooperate with the manager’s penetrating disclosure obligations. This is also an important measure to protect private equity investors’ right to know important investment-related information in multi-layer nesting situations.

  Practical impact: Adding "timeliness" requirements forces managers to disclose on time to avoid damage to investors' rights due to delayed disclosure; clarifying the non-public disclosure method further strengthens the private nature of private equity funds and prevents disguised public disclosures; penetration disclosure requirements break multiple layers of nested information barriers, making it easier for regulatory authorities to grasp the true investment situation of the fund, and also for private equity investors to fully understand the direction of capital investment.

  (3) Classification refinement and disclosure requirements upgrade of periodic reports

  Articles 16 and 17 of the Association’s Information Disclosure Measures stipulate in principle the regular disclosure during the operation period of private equity funds, unify the quarterly disclosure and annual disclosure requirements for all private equity funds, and do not distinguish the differences between private securities investment funds, private equity investment funds and venture capital funds, and the disclosure content regulations are relatively general.

  Chapter 3 of the new letter disclosure regulations specifically sets up a "periodic reporting" chapter, sets disclosure requirements according to fund type classification, and details the content, time limit and auditing requirements of regular disclosures, as follows:

  Private securities investment funds: Article 18 of the new disclosure regulations stipulates that the net value disclosure frequency of open-end funds shall not be lower than the open frequency, and the net value of closed-end funds shall be disclosed at least once every quarter; Articles 19 and 20 clarify the specific contents of quarterly reports (disclosed within 1 month after the end of each quarter) and annual reports (disclosed within 4 months after the end of each year) that private equity fund managers should disclose, including the basic information of the fund, financial situation, investment group Article 21 clearly states that for private equity investment funds that mainly invest in liquidity-restricted assets, derivative assets, overseas assets (except for direct investment in overseas standardized assets), and other private equity funds managed by other private equity fund managers, the annual financial report must be audited by an accounting firm that complies with the Securities Law. Private equity investment funds: Articles 22 and 23 of the new disclosure regulations stipulate that private equity fund managers shall disclose the specific contents of semi-annual reports (disclosed within 2 months after the end of each half-year) and annual reports (disclosed within 6 months after the end of each year), including fund net assets and actual subscription information. status, investment targets, related transactions, project investment and exit status, etc.; Article 24 clarifies that annual financial reports must be audited by an accounting firm. Private equity investment funds with large management scale and a large number of natural person investors must be audited by an accounting firm that complies with the provisions of the Securities Law. Venture capital funds: Article 25 of the new disclosure regulations clarifies that the disclosure content, time and auditing requirements of annual reports shall be implemented with reference to the requirements of private equity investment funds.

  In addition, Article 26 of the new disclosure regulations has added exceptions. If a private equity fund has been established for less than three months, it may not prepare periodic reports for the current period, in line with the actual situation of the industry.

  Practical impact: Classified disclosure requirements are more in line with the operating characteristics of different types of private equity funds and avoid the compliance burden caused by "one size fits all"; the refinement of audit requirements strengthens the authenticity of information disclosure, especially the upgrade of audit requirements for high-risk and complex products, which is beneficial to preventing the risk of financial fraud; the special disclosure of related-party transactions is conducive to preventing the transfer of interests and protecting the rights and interests of investors.

  (4) Standardization and improvement of interim reports and liquidation reports

  Article 18 of the Association’s Information Disclosure Measures lists fourteen major matters and requires information disclosure obligors to disclose in a timely manner as stipulated in the fund contract. However, the disclosure time limit is not specified, and the Association’s Information Disclosure Measures provide relatively brief provisions on information disclosure requirements during the fund liquidation stage.

  Chapter 4 of the new letter disclosure regulations, "Interim Reports and Liquidation Reports", improves the relevant requirements:

  First, clarify the disclosure time limit for temporary reports on major events, that is, disclose them to investors within 5 working days from the date of the major event;

  The second is to refine the scope of major events, adding new matters such as "the convening and resolution of meetings such as fund share holders' meetings", "changes in fund managers and valuation methods", "major adverse situations in major investment targets", "other matters that the private equity fund manager believes have or may have a significant impact on the rights and interests of investors", etc., to provide more comprehensive coverage, and highlight It clarifies the identification, judgment and duty of care of private equity fund managers on major matters that should be disclosed; and refines the scope of disclosure of major matters such as major related transactions. For major related transactions, the information disclosure obligor needs to disclose the transaction amount, counterparty, transaction price, pricing basis, decision-making procedures, etc.;

  The third is to clarify the custodian’s disclosure obligations. If the custodian discovers that the fund and its manager have a situation that has or may have a significant negative impact on the rights and interests of investors, it should prompt it to perform its disclosure obligations; if it discovers that the manager is suspected of embezzling, misappropriating fund property or losing contact, it should report to the association and relevant regulatory authorities in a timely manner;

  The fourth is to strengthen the disclosure requirements during the liquidation stage, making it clear that managers must promptly disclose liquidation announcements, liquidation reports and related major matters, and explain to investors if liquidation is postponed.

  Practical impact: The clarification of the time limit for the disclosure of interim reports enhances the operability of the rules and prevents disclosure obligors from delaying disclosure; the refinement of the scope of major matters reduces the "fuzzy zone" and facilitates disclosure obligors to judge whether disclosure is required; the strengthening of the custodian's prompting and reporting obligations further consolidates the custodian's responsibilities; the disclosure regulations in the liquidation stage fill the previous regulatory gaps and protect investors' right to know during the fund liquidation stage.

  (5) Strict management of information disclosure matters

  Articles 19 to 21 of the Association’s Information Disclosure Measures provide for principle provisions on the information disclosure management system and data retention, requiring the obligor to establish an information disclosure management system and designate a dedicated person to be responsible. The retention period for information disclosure-related materials is no less than 10 years from the date of termination of fund liquidation.

  Chapter 5 of the New Regulations on Information Disclosure, "Management of Information Disclosure Matters," further tightens relevant requirements: First, it is clarified that administrators and custodians should designate specialized departments and senior managers to be responsible for information disclosure matters, rather than just "special persons", which improves the level of information disclosure management within the information disclosure obligor; second, it refines the necessary matters of the information disclosure management system, adding new The "Working Mechanism for Investor Consultation" has strengthened the protection of investors' rights and interests; third, there are new requirements for the establishment of an undisclosed information management system, clarifying that relevant institutions and their employees are not allowed to leak undisclosed information, and are not allowed to use the information to engage in securities and futures transactions; fourth, the data retention period is extended to no less than 20 years from the date of completion of fund liquidation.

  Practical impact: Specialized departments and senior managers are responsible for information disclosure matters, which is conducive to improving the standardization and professionalism of information disclosure work; the establishment of an undisclosed information management system is conducive to preventing insider trading, interest transfer and other irregularities; the extension of the data retention period facilitates follow-up verification by self-regulatory organizations and regulatory authorities, and also provides evidence for investors’ rights protection.

  (6) Strengthening and refining of legal responsibilities

  As the association's self-regulatory rules, the Association's Information Disclosure Measures can only stipulate corresponding disciplinary measures for information disclosure obligors who violate information disclosure obligations, and do not specify disciplinary provisions for custodians, sales agencies and other entities.

  Chapter 6 "Supervision, Management and Legal Responsibilities" of the New Information Disclosure Regulations has greatly strengthened accountability and clarified the administrative supervision and administrative penalty powers of the China Securities Regulatory Commission and its dispatched agencies, specifically including:

  First, clarify the applicable circumstances of administrative supervision measures. Measures such as ordering corrections, supervisory interviews, and issuance of warning letters can be taken against illegal entities, covering managers, custodians, sales agencies and other private equity fund service agencies, as well as employees of the aforementioned agencies, and even the managers’ shareholders, partners, and actual controllers;

  The second is to clarify the applicable circumstances of administrative penalties. Those who violate core information disclosure requirements can be punished in accordance with the relevant provisions of the "Regulations on the Supervision and Administration of Private Equity Investment Funds". For specific violations (such as failure to establish an information disclosure management system, leaking undisclosed information, etc.), warnings, notifications of criticism, and fines can be given. If it involves financial security and has harmful consequences, the penalties will be increased;

  The third is to clarify the scope of responsible entities, including not only private equity institutions, but also directly responsible managers and other directly responsible personnel, to achieve "equal emphasis on institutional and personal responsibilities."

  Practical impact: The strengthening of legal liability has greatly increased the violation costs of information disclosure obligors, forcing relevant entities to strictly abide by the disclosure rules; the clarification of personal responsibilities avoids the situation of "organizational violations and individual exemptions" and enhances the compliance awareness of relevant personnel; the coordination of administrative supervision, punishment and self-discipline has formed a "progressive" accountability system, improving the deterrence of supervision.

  3. Compliance suggestions during the transition period

  The new information disclosure regulations will be implemented from September 1, 2026. It is recommended that private equity fund managers, custodians, sales agencies and other relevant entities make preparations for the transition to ensure continued compliance operations. Specific suggestions are as follows:

  Comprehensively sort out the entities responsible for disclosure obligations and clarify the division of responsibilities. Private equity fund managers, custodians, and sales agencies need to refer to the new disclosure regulations to clarify their own disclosure obligations. In particular, the shareholders and actual controllers of sales agencies and managers need to establish corresponding cooperation mechanisms and management systems as soon as possible to avoid violations due to unclear obligations. It is recommended that managers, custodians, and sales agencies sign a supplementary agreement on the information disclosure of existing funds, as appropriate, to clarify their respective rights and obligations related to disclosure, ensure timely and accurate information transmission, and prevent tampering with information. Revise the fund contract and related documents and improve the disclosure clauses. It is recommended that managers take into account the requirements of the new information disclosure regulations and revise fund contracts and other documents to avoid contract stipulations that are lower than statutory requirements. For different types of funds, the disclosure content of regular reports and temporary reports must be refined and audit requirements must be clarified in accordance with the classification requirements of the new information disclosure regulations. Improve the information disclosure management system and improve management levels. Managers and custodians must, in accordance with the requirements of the new disclosure regulations, establish and improve information disclosure management systems, designate specialized departments and senior managers to be responsible for disclosure work, improve work processes and internal control mechanisms; establish an undisclosed information management system, strengthen the control of undisclosed information, prevent leak risks, and standardize data preservation. Strengthen awareness of penetration disclosure and implement relevant obligations. When managers carry out nested investments or cross-sector investments, they need to communicate with the investee in advance to clarify the cooperation obligations for penetration disclosure, ensure that the investment path and investment assets after penetration can be disclosed in accordance with the requirements of the new disclosure regulations, and avoid violations caused by the non-cooperation of the investee. Strengthen compliance training and enhance the compliance awareness of all employees. Relevant entities need to organize employees to carry out special training on the new information disclosure regulations, focusing on learning the core provisions, violation responsibilities and practical operation requirements. In particular, managers’ senior managers, persons in charge of information disclosure, and employees of sales agencies must accurately grasp the changes in the new information disclosure regulations to avoid violations due to misunderstandings; at the same time, strengthen compliance publicity for shareholders, partners, and actual controllers to ensure that they fulfill their cooperation obligations. Make a good connection between the old and new rules and ensure a smooth transition. Before the new rules on trust disclosure come into effect on September 1, 2026, relevant entities need to conduct self-examination and self-correction according to the requirements of the new rules on trust disclosure, and promptly rectify deficiencies in existing trust disclosure work; for newly established funds, it is recommended to formulate trust disclosure plans directly in accordance with the requirements of the new rules on trust disclosure; for existing funds, they need to be gradually adjusted during the transition period to ensure full compliance with the regulations after the implementation of the new rules on trust disclosure. Conclusion

  The introduction of new regulations on credit disclosure is an important symbol of the continuous improvement of the regulatory system of the private equity fund industry. Its core significance is to realize the transformation of credit disclosure supervision from "self-discipline-led" to "administrative supervision and self-discipline coordination". By refining rules, strengthening responsibilities, and improving deterrence, information disclosure behaviors will be further standardized, the legitimate rights and interests of investors will be protected, and industry risks will be prevented.

  Compared with the association's letter disclosure measures, the new letter disclosure regulations have made major adjustments in terms of subject scope, disclosure requirements, affairs management, legal responsibilities, etc., which are more in line with the current development reality of the private equity fund industry and are more regulatory rigid. For private equity fund managers, custodians, sales agencies and related entities, the new information disclosure regulations are not only compliance requirements, but also guidelines for industry development. Only by strictly complying with relevant regulations, improving the compliance system, and standardizing information disclosure behaviors can we achieve our own sustainable development.

  As a professional lawyer for private equity funds, we will continue to pay attention to the implementation of the new information disclosure regulations, and provide legal services such as compliance consulting, system improvement, and risk investigation to relevant entities based on practical cases, so as to help the industry standardize and develop healthily. At the same time, it is also expected that the regulatory authorities will further refine relevant operational guidelines based on industry feedback during the implementation of the new information disclosure regulations to ensure that the rules are effective and promote the private equity fund industry to a higher-quality development stage.

  Lawyer profile

  Lawyer Yang Chunbao

  First-class lawyer (senior professional title)

  Senior partner of Dacheng (Shanghai) Law Firm, director of the Capital Market Department, director of the State-owned Assets Fund Research Center, professional leader of private equity and investment funds in Dacheng China, and member of Shanghai’s foreign-related legal talent pool. Bachelor of Laws from Fudan University (1992), Master of Laws from University of Technology Sydney (2001), Master of Laws from East China University of Political Science and Law (2001).

  Lawyer Yang has been practicing law for 30 years and has long been engaged in private equity funds, investment and financing, M&A and restructuring legal services, covering large finance, large health, real estate and infrastructure, TMT, exhibition industry, manufacturing and other industries. Since 2004, he has been selected into The Legal 500's "Private Equity Funds" and "Company and Business" lists many times, and has been specially recommended or commented by Asia Law Profiles many times. Since 2016, he has been continuously selected as one of the "100 Outstanding Lawyers in Chinese Business" by China Business Law Journal, an internationally renowned legal media, and won the title of "China's Corporate Law Expert of the Year" in Leaders in Law - 2021 Global Awards; he has been continuously included in the recommendation list of "Excellent Lawyers & Law Firms Recommended by Well-known Corporate Law Firms in China". Qualified as an independent director of listed companies, he is a part-time professor at the Law School of East China University of Science and Technology, a practical tutor at the Fudan University Law School, a part-time graduate tutor at the East China University of Political Science and Law, a lecturer at the private equity CEO class at Shanghai Jiao Tong University, and a lecturer at the Shanghai Municipal Commerce Commission's Transnational Business Talent Training Class. Published 16 monographs including "Private Equity Investment Fund Risk Prevention and Control Operational Practice", "Enterprise Whole-Process Legal Risk Prevention and Control Practical Operation and Case Analysis", "Winning Capital 2: A Complete Operational Guide to the Company's Investment and Financing Model Process". Attorney Yang’s practice areas include: companies, investment M&A and private equity funds, capital markets, TMT, real estate and construction projects, as well as dispute resolution in the above fields.

  Lawyer profile

  Lawyer Sun Ai

  Partner of Dacheng (Shanghai) Law Firm

  

  Before practicing law, Mr. Sun served as the president or executive assistant to the vice president of global, Asia-Pacific or China regions in Fortune 500 companies such as Watts, Ingersoll Rand and Alcatel-Lucent in the United States. He accumulated rich experience in corporate operation management and has excellent bilingual communication and coordination skills in Chinese and English. Attorney Sun published "Private Equity Investment Fund Risk Prevention and Control Operational Practice" and published dozens of articles in the fields of mergers and acquisitions, funds, and e-commerce. Attorney Sun’s areas of expertise are: private equity investment, corporate mergers and acquisitions, e-commerce and labor law matters.

  Lawyer profile

  Lawyer Li Jiaxin

  Lawyer at Dacheng (Shanghai) Law Firm

  

  Lawyer Li graduated from Fudan University Law School and specializes in the fields of private equity funds, investment, financing, mergers and acquisitions, and corporate legal services. He has provided legal services such as legal due diligence and review of transaction documents for multiple parent funds in selecting fund managers and investment fund projects, as well as fund investment target company projects. He has also provided legal services related to fund raising, investment management, exit, and risk control for many private equity fund managers.

  More private equity articles

  Legal Bridge PE Guide ("Compilation of Private Equity Fund Regulations and Supervisory Documents") (please visit the Legal Bridge website)

  Private Equity Lawyer Practice Album (click to view)

  Gambling lawyer practice series

  15. In-depth analysis of triggering conditions for gambling repurchase

  14. Looking at the liability boundary of founding shareholders’ equity repurchase from the perspective of “limited to equity or equity value”

  13. How to choose the subject of gambling repurchase? Legal restrictions + dual-dimensional dismantling of contract performance capabilities

  12. Practical analysis of the legal characterization and exercise period of gambling repurchase rights

  11. Case analysis of the impact of the COVID-19 epidemic on the performance of the "Vaming Agreement" and countermeasures

  10. Yang Chunbao: Two dilemmas in targeted capital reduction after losing bets

  9. The impact of the investor’s involvement in the operation and management of the invested enterprise on the performance of the gambling agreement

  8. Case analysis of the exercise period of the right to repurchase under the gambling clause

  7. The management rights trap of gambling clauses

  6. See the effectiveness of the "Letter of Commitment" for private equity fund share repurchases from a case

  5. Case analysis of the exercise period of the right to repurchase under the gambling clause

  4. After the "Nine People", how should investors bet?

  3. How should entrepreneurial companies cautiously face the risk of gambling failure caused by the epidemic?

  2. Empirical analysis of a gambling case

  1. Can investors bet against target companies? ——Comparative analysis of the company’s repurchase rights and shareholders’ repurchase request rights

  Interpretation of regulatory policies

  18. Read all the regulatory regulations and policies of the private equity fund industry in 2024 in one article

  17. Read the 2023 regulatory regulations and policies of the private equity fund industry in one article

  16. Eight Questions and Answers on the New Regulations on the Management of Fund Practitioners

  15. Seven questions and answers on changing managers of private equity funds

  14. A brief analysis of several core issues in converting partnership private equity funds into non-fund operations

  13. How many mothers-in-law do private equity funds have?

  12. An article-by-article interpretation of the new regulations on registration and filing of private equity funds with the basis - General Provisions and Supplementary Provisions

  11. An article-by-article interpretation of the new regulations on registration and filing of private equity funds with the basis for Part 2 - Manager Registration Chapter

  10. An article-by-article interpretation of the new regulations on registration and filing of private equity funds with the basis - Part 3 - Fund Filing Chapter

  9. An article-by-article interpretation of the new regulations on registration and filing of private equity funds with the basis for the fourth part - information changes and submissions

  8. An article-by-article interpretation of the new regulations on registration and filing of private equity funds with the basis - Part 5 - Self-discipline management

  7. Summary of regulatory policies for the private equity fund industry in 2022

  6. Read the 2021 regulatory policies of the private equity fund industry in one article

  5. Summary of regulatory policies for the private equity fund industry in 2020

  4. Brief analysis of the main impact of new asset management regulations on PE/VC and countermeasures

  3. Brief discussion on market access of foreign investment fund management companies

  2. Market Entry of Foreign-invested Fund Management Company

  1. Necessary terms of private equity investment fund contract (English)

  Analysis of judicial precedents

  6. 28 typical cases in the private equity fund industry in 2024

  5. Looking at the issue of “defective admission” of partnership private equity funds from the Supreme Court’s jurisprudence

  4. 31 typical cases in the private equity fund industry in 2023

  3. 28 typical judicial cases in the private equity fund industry in 2022

  2. 27 typical judicial cases in the private equity fund industry in 2021

  1. 12 typical judicial cases in the private equity fund industry in 2020

  Private equity fund risk control

  13. Case analysis of private equity fund managers’ compensation liability for the entire cycle of investment, management and withdrawal

  12. Case Analysis: Private Equity Fund Manager’s Liability for Violation of Information Disclosure Obligations

  11. Case analysis on the diligence obligations of private equity fund managers in the post-investment management stage

  10. Case analysis on the obligations of private equity fund managers and diligence obligations during the fund investment stage

  9. Case analysis of the compensation liability of private equity fund managers in the event of delayed fund liquidation

  8. Case analysis on the key points of suitability obligations of private equity fund investors

  7. Let’s talk about private equity fund custody through the collapse of Silicon Valley Bank.

  6. How to prepare the private equity investment fund registration document - "Prospectus"

  5. Take the H asset management contract dispute as an example to discuss the risk prevention and control of private equity funds.

  4. Key points for formulating risk control systems for private equity fund managers

  3. Ten major risk control systems for private equity funds

  2. Ten major risk control clauses for private equity investment

  1. Lawyer due diligence in equity investment

  Equity Fund Contract Terms

  4. Let’s talk about private equity fund investment vehicles from an administrative penalty

  3. Case analysis of the legal effect of the “liquidation preference” clause

  2. Case analysis of the application of “most favored nation treatment” in the field of private equity investment

  1. Looking at the “complete agreement terms” of an equity investment agreement from an arbitration case

  Private equity fund dispute resolution lawyer practice album (click to view)

  Venture Capital Fund

  5. Discuss the support policies for venture capital funds based on the private equity approach draft.

  4. New rules! Venture capital funds and private equity funds have relaxed restrictions on reducing their shareholdings in listed companies.

  3. Brief description of support policies for venture capital funds

  2. An innovation-driven demonstration zone was born, venture capital funds come and see!

  1. The mass entrepreneurship and innovation debt pilot will benefit private equity and entrepreneurial funds

  Insurance private equity funds, industrial investment funds, S funds

  7. A brief analysis of the regulatory differences between insurance private equity funds and non-insurance private equity funds

  6. How to use S Fund in Shanghai? ——Introduction to Shanghai S Fund Trading Platform Business Guide

  5. Brief introduction to the supervision of government-invested industry investment funds

  4. Key points of legal due diligence for private equity investments with insurance funds - target funds

  3. Key points of legal due diligence for private equity investments with insurance funds---Fund managers

  2. Key points of legal due diligence for private equity investment with insurance funds—insurance institutions

  1. Use industrial guidance funds to carry out mixed reform

  Fund/GP/investor exit

  7. “Four Questions and Four Answers” ​​on Compulsory Liquidation of Private Equity Funds

  6. A brief analysis of the LP exit method of partnership private equity investment funds

  5. Discuss the confirmation of rights in the transfer of shares of private equity funds from two cases.

  4. See the effectiveness of the "Letter of Commitment" for private equity fund share repurchases from a case

  3. Case analysis on disputes over the withdrawal of government-guided funds

  2. A brief discussion on the removal of general partners of partnership private equity funds from a case law

  1. Private equity fund managers “cry poverty” and “lost contact”. What should investors do? The right of subrogation "Oli gives"

  private placement exchangeable bonds

  2. Basics of a full analysis of "Private Exchangeable Bonds (Private EB)"

  1. "Private Exchangeable Bonds (Private EB)" Full Analysis Case Chapter

  48 minutes ago

• The United States Asks China To Help Clean Up The Mess. Iran’s Foreign Minister Lamented In A Message That He Couldn’t Laugh Or Cry.

  Niu Tanqin: The United States asks China to "help clean up the mess" and Iran can't laugh or cry.

  The whole world was dumbfounded, and it seemed that Iran was also dumbfounded: It had already been hit so hard, but the United States actually begged China to help clean up the mess.

  I saw that the Iranian Foreign Minister tweeted on March 14 and lamented: "It turns out that the security guarantees touted by the United States are full of loopholes. Instead of acting as a deterrent, they have caused trouble. The United States is now asking other countries, even China, to help ensure the security of Hormuz..."

  The picture shows Iranian Foreign Minister Araghchi

  You beg other countries, and you actually beg China. Does this have anything to do with China? I really don’t know what you think about America?

  You read that right, that’s what the Iranian Foreign Minister said.

  Moreover, I read it again carefully and found that what he sent was in English, and it did use the word BEG (meaning "begging" or "begging" in English). When I said "beg", it still felt light.

  Well, reading history books, wars often begin with arrogant self-confidence, but end with helpless help.

  So what did Trump say?

  That tweet contains a lot of information.

  Around 10 a.m. Eastern Time on the 14th, which is around 10 p.m. Beijing time on the 14th, Trump sent a long tweet, saying:

  Many countries, especially those affected by Iran's attempts to close the Strait of Hormuz, will join the United States in sending warships to ensure the smooth flow and safety of the strait.

  We have destroyed 100% of Iran's military capabilities, but no matter how badly they were defeated, they could still easily have sent a drone or two, dropped a mine, or launched a short-range missile somewhere in this waterway.

  Hopefully, China, France, Japan, South Korea, the UK and other countries affected by this artificial restriction will send ships to the area so that the Strait of Hormuz is no longer threatened by a country that has been completely decapitated…

  It’s really full of flaws!

  1. In the first sentence, Trump claimed that he had destroyed 100% of Iran’s military capabilities; in the second sentence, he admitted that Iran still controls the Strait of Hormuz.

  Spear is not contradictory?

  2. He claimed that many countries would, like the United States, send warships to escort in the Strait of Hormuz, but he did not say which countries they were.

  Is it reliable?

  Navigation in the Strait of Hormuz has not yet been restored

  3. The biggest drawback is that Trump issued a request and listed several countries, starting with China, asking them to send warships to participate in the escort...

  Never forget China wherever you go?

  Forget about other Western countries, China was the first one to mention it. No wonder the Iranian Foreign Minister laughed at it. The United States started to beg other countries, but it even brought up China...

  Because according to him, the Strait of Hormuz is actually open and Iran has not blocked it at all. It is just that it would be dangerous for American and Israeli ships to pass through it. It is open to navigation by China and other countries, so there is no problem.

  I saw that CNN even went a step further, quoting Iranian officials as saying that Iran was considering allowing oil tankers to pass through the Strait of Hormuz as long as the oil was traded in yuan.

  I don’t know if it’s true or not, but this is what the American media reported in black and white.

  When the hegemon begins to settle economic accounts and its opponents begin to settle political accounts, the rules of the game have quietly changed.

  In fact, the reason why Trump named a series of countries is that, according to general understanding, these countries, whether France, the United Kingdom, Japan, or South Korea, do not want to wade into troubled waters. Therefore, Trump has no choice, so I will just name them.

  Do you want the Strait of Hormuz to be safe? Then let's all come together.

  But why is the Strait of Hormuz unsafe? He didn't say.

  I saw that on overseas social media, someone ridiculed and said: This reminds me of a child who provoked a fight, and after being beaten, ran to find his brothers and sisters for help. This does not mean admitting his incompetence, but makes people doubt what he did.

  Some even lamented: Trump and Netanyahu created a dilemma. They were defeated by a country that had suffered from years of sanctions and conducted an asymmetric war almost perfectly.

  Oh, someone else counted: 38 minutes ago: Trump claimed that "100% of Iran's military capabilities were destroyed"; 26 minutes ago; Iran launched another large-scale missile attack on Israel, and 5 missiles hit Tel Aviv...

  Oil tanker attacked in Hormuz

  What’s even more ridiculous is that the United States also deliberately throws dirty water.

  At the Security Council a few days ago, the United States used its status as the rotating presidency of the Security Council to accuse China and Russia of using Security Council procedures to "protect Iran."

  China's Permanent Ambassador to the United Nations Fu Cong sternly refuted it on the spot.

  He said: "I want to emphasize that it was the United States that unilaterally withdrew from the JCPOA, which triggered the Iranian nuclear crisis. It was also the United States that disregarded its own credibility and brazenly used force against Iran twice with Israel during the negotiation process with Iran, causing diplomatic efforts to be in vain. As the initiator of the Iranian nuclear crisis, the United States' actions violated international law and the purposes and principles of the United Nations Charter. China strongly condemns it."

  The whole world can see who is right and wrong.

  Therefore, China's attitude is very clear: We urge the United States to immediately change course, return to diplomatic negotiations, make a clear commitment not to use force, engage in sincere dialogue with Iraq, and reach a solution that meets the expectations of the international community.

  But to be honest, the United States must win and demand Iran's "unconditional surrender." Iran is red-eyed and does not believe that the United States and Israel are sincere in talks. No matter how big or good the negotiating table is, it will not work.

  As a relatively weak party, Iran naturally paid a heavy price. Trump recently ordered a large-scale attack on Iran's energy base Khark Island, completely destroying the island's military facilities.

  Iran has threatened that if Iran's energy and economic infrastructure is attacked, it will target "the oil, economic and energy infrastructure of all oil companies in the region that hold U.S. shares or cooperate with the United States."

  Iran also accuses the United States of using military bases in the United Arab Emirates for its attack on Khark Island. Therefore, Iran urges Muslims in the United Arab Emirates to immediately evacuate ports, docks and places used by the United Arab Emirates U.S. military to avoid harm.

  Iran, whose military capabilities have been 100% destroyed by the United States, is about to begin military retaliation again.

  Oh, Trump also scolded the "Wall Street Journal" for reporting fake news on the 14th, saying that the United States was indeed attacked on a military base in Saudi Arabia, but the losses were exaggerated. Among the five tanker planes, "four were almost undamaged, and the other was slightly more damaged, but will be able to resume flying soon. None of them were destroyed as the fake news headline said."

  But after looking at it, the American media did not say "destroy" at all. Why are you so anxious, Trump?

  This clarification actually confirmed that five U.S. tanker aircraft were indeed damaged. In addition, one tanker plane crashed and another was damaged. This is the most tragic loss of tanker aircraft in the United States so far.

  Trump confirms five U.S. tanker tanker attacks

  Finally, what do you think? Let’s just say three simple things.

  First, Trump is also a bit disoriented.

  Don't tell me about strategies and tactics. What I have seen is that when the United States attacks Iran, it has neither tactics nor strategy.

  For example, why attack Iran?

  The whole world was surprised.

  In the past, I still carried a can of washing powder, but now, the United States does not even carry washing powder, and keeps talking about it: at first it was said to punish Iran for suppressing the opposition, then it became to eliminate Iran's nuclear program, and then it said that the target was Iranian missiles and drones, and at one time it clearly declared that it would overthrow the Iranian regime...

  On the first day of the war, the United States and Israel were still full of confidence and killed Iran's Supreme Leader Ayatollah Ali Khamenei in one fell swoop. Iran's top leadership was almost wiped out. However, after two weeks of fighting, Iran did not collapse. Instead, it launched violent retaliation against the United States and Israel. Shipping in the Strait of Hormuz was actually suspended, and international oil prices continued to skyrocket.

  The United States is really in a bit of trouble.

  Therefore, Trump said, one moment, the United States has won, destroying 100% of Iran's military capabilities; the other moment, he said that Iran is still very strong, and the whole world will help me protect it.

  It doesn't make any sense!

  Second, the biggest focus now is the Strait of Hormuz.

  I feel that the goal of the United States, at least now, is relatively clear. It no longer talks about overthrowing the Iranian regime, which is forcing Iran to risk its life; it also talks less about missiles and drones. In fact, it cannot be finished at all.

  The goal of the United States has become: to open the Strait of Hormuz.

  The blockade of Hormuz continues, international oil prices skyrocket, and the whole world is suffering. In the United States, oil prices have special political significance, unless Trump really does not want the midterm elections.

  Therefore, Trump is very anxious and even directly begged China, France, the United Kingdom, Japan, South Korea, etc. to clean up the mess.

  When the war started, didn't you know the outcome?

  I really don’t know what Americans think?

  The inside story disclosed by the US media is that the US military reportedly warned this at the time, but Trump refused to listen and said: Iran would rather surrender than block the Strait of Hormuz...

  Third, you really should stop fighting as soon as possible.

  Don't fight anymore. The fight will cause bloodshed, oil prices will skyrocket, and the whole world will suffer.

  Due to high oil prices, Pakistan has announced a two-week holiday, and children are studying online; India is in serious fertilizer shortage and is asking China to lend a hand; stock markets around the world are in a miserable state.

  Of course, China is also an important victim of high oil prices; although from another perspective, it shows China's vision for new energy layout.

  There is no doubt that this was the wrong war launched by the wrong people against the wrong country at the wrong time, and it is a war that the United States will regret endlessly in the future.

  I saw that heavyweight U.S. Senator Sanders just posted a tweet asking:

  Cost so far:

  · More than 1,200 Iranian civilians killed

  · 13 US soldiers killed in action

  · 3.2 million Iranians displaced

  · 773 people killed in Lebanon

  · More than 10,000 Iranians injured

  · $16.5 billion spent in 12 days (U.S.)

  To be honest, this is still a very conservative figure. For example, according to reports, more than 2,000 Iranians have lost their lives. What a human tragedy this is! The cost of the United States is more than 16.5 billion. If you count the losses of neighboring countries, it is an astronomical figure!

  How will you end it, America? How should Iran tide over the difficulties? Do we really need China to clean up the mess?

  2 hours ago

• Understand The Requirements And Application Procedures For College Students To Study In Australia.

  The conditions for studying abroad in Australian junior colleges include: a high school degree or equivalent. Junior college students can directly apply for undergraduate courses or vocational and technical courses. In terms of language, IELTS 6.0-6.5 or similar test scores are usually required. At the same time, they need to prove that they have enough funds to pay tuition and living expenses. Depending on the course and school you are applying for, other relevant materials may be required. These conditions provide clear guidelines for international students.

  Apply for undergraduate studies in Australian colleges and universities

  College students who apply for undergraduate study abroad in Australia need to meet certain conditions. First of all, applicants must have a full-time college degree recognized by the Ministry of Education in China, and should be between 18 and 30 years old. Secondly, in terms of language, the overall IELTS score usually needs to be 6.0 or above, with no individual score lower than 6.0. Some schools or majors have higher requirements. Finally, applicants are required to provide a physical examination report and ensure they have sufficient financial ability to pay for tuition and living expenses during their study abroad period. After meeting the conditions, college students can directly apply for undergraduate courses or choose to transition to preparatory courses.

  Applying for postgraduate studies in Australian colleges and universities

  Tertiary students applying for postgraduate courses in Australia need to meet certain academic, language and performance requirements. Generally speaking, applicants need to graduate from a domestic full-time college with a diploma, an IELTS score of 6.0~6.5, and a score of 70%~75% during the junior college period. In addition, you need to prepare transcripts, graduation certificates, letters of recommendation, personal statements, resumes and other materials.

  Australian tertiary study application process

  The application process for studying abroad in Australian colleges and universities mainly includes the following steps: first, determine the target institution and major, and understand the admission requirements; second, prepare application materials, such as transcripts, academic certificates, English scores (such as IELTS), etc.; then, submit the application and wait for the admission notice; then, pay the tuition and obtain the Confirmation of Enrollment (COE); finally, apply for a student visa and prepare for entry. During the application process, you need to ensure that the materials are authentic and valid, and pay attention to the deadlines at each stage.

  Application materials for studying abroad in Australian colleges and universities

  To study in Australian tertiary courses, you need to prepare the following main application materials: academic materials, such as transcripts, certificates of enrollment or high school diplomas; language materials, such as IELTS, PTE or TOEFL scores, generally requiring a total IELTS score of 6.0 or above; identity materials, including scans of the front and back of ID cards and passport information pages; and other auxiliary materials, such as personal statements, letters of recommendation, portfolios (such as applying for design majors), etc.

  Australian college study abroad fees

  Generally speaking, the annual tuition fees for associate diplomas in public technical and further education colleges are about 8,000 to 12,000 Australian dollars, and the annual tuition fees for advanced associate diplomas in private colleges are about 10,000 to 15,000 Australian dollars. In addition, other expenses such as living expenses and book fees need to be considered.

  How many years does it take to study in an Australian college?

  Post-secondary education in Australia typically requires two years of full-time study, which includes a combination of theoretical courses and practical experience to ensure students have the necessary skills and knowledge. However, some majors may require additional study time to meet specific industry requirements.

  4 hours ago

• Putin Signed A Presidential Decree To Quickly Adjust The Top Leadership Of The Ministry Of Interior, Attracting Attention From The Outside World

  

  Russian President Vladimir Putin.

  According to Russian RT reports, major personnel changes have occurred at the core level of Russian power. According to Russian official media and the official website of the "Legislative and Legal Journal", President Vladimir Putin officially signed a presidential decree on Thursday, making "lightning" adjustments to the top leadership of the Ministry of Interior, a key security agency.

  Changes in powerful departments: First Deputy Minister changes position

  A presidential decree signed by Putin showed that police colonel Alexander Gorovoy has been officially dismissed from his post as First Deputy Minister of the Interior. As his successor, Putin appointed Police Lieutenant General Andrei Kornoshenko to take over this important post.

  The official text of the decree clearly states: "Police Chief Gorovoy Alexander Vladimirovich is dismissed from his post as First Deputy Minister of the Interior of the Russian Federation."

  Position change: Lieutenant General was appointed in critical situation

  In a subsequent decree, Putin ordered: "The appointment of Police Lieutenant General Kornoshenko Andrei Anatolyevich as First Deputy Minister of the Interior Ministry of Russia, removing him from his previous position."

  The document confirms that the above-mentioned decree will take effect immediately from the date of signing. Notably, official documents did not specify the underlying reasons behind the cabinet reshuffle, despite the personnel shakeup involving one of the country's most important security agencies. In the current complex international and domestic security situation, Putin's deployment of troops to target the "second-in-command" of the Ministry of Interior has aroused widespread speculation and high attention from the outside world.

  Share this story in your circle of friends; follow "People Who Follow Big Events" to learn about global hot spots every day! This article is an exclusive manuscript of "The Man Who Follows Big Events" and may not be reproduced without authorization!

  5 hours ago

• Online Registration Arrangements And Precautions For The 2024 Shandong Master’s Admissions Examination

  On October 8, the Shandong Provincial Education Admissions Examination Authority released the "2024 Shandong Provincial Master's Degree Admissions Examination Online Registration Arrangements and Precautions". Our province has a total of 34 registration sites including Shandong University. According to the requirements, from October 8th to 25th, candidates can log in to the "National Master's Degree Admissions Examination Online Registration Platform" (https://yz.chsi.com.cn) to officially register online for the unified postgraduate entrance examination. The registration time is from 9:00 to 22:00 every day.

  The reporter learned that on the online registration platform, candidates can not only check the online registration announcements issued by various provincial and municipal recruitment offices, admissions units, and registration points during the online registration period, but also learn about online payment FAQs, view and download application information, online confirmation, download of admission tickets and other application information.

  Shandong Province has a total of 34 registration points, namely: various municipal education admission examination institutions (16) and Shandong University, Ocean University of China, China University of Petroleum (East China), Shandong University of Science and Technology, Qingdao University of Science and Technology, Qingdao University of Technology, Shandong Architecture There are 18 enrollment units including the University, Shandong Agricultural University, Qingdao Agricultural University, Shandong University of Traditional Chinese Medicine, Shandong Normal University, Qufu Normal University, Liaocheng University, Shandong University of Finance and Economics, Qingdao University, Yantai University, Jinan University and Qilu University of Technology.

  In principle, all registration centers in Shandong Province only accept fresh undergraduate graduates studying in universities in Shandong and other candidates who work or have their household registration in Shandong Province. Candidates who apply for individual examinations (including candidates from other provinces) can only choose the application unit as the registration point to register. Candidates who apply for the Strong Army Plan can only choose Shandong University as the registration point.

  According to reports, the key information such as "Application Unit", "Application Point" and "Examination Method" filled in on the online application platform cannot be changed. If the key information is incorrectly reported, you must cancel the registration before the online registration deadline (22:00 on October 25), re-register, and re-pay the application fee (the paid fee will be automatically refunded by the system within 3 months after the end of the online application). No modification will be made after the deadline. For other submitted online application information, candidates can log in and modify using their registered username and password before the online registration deadline (22:00 on October 25).

  After successful registration and payment, all candidates should confirm the information within the specified time. The online confirmation time is from October 31 to 12:00 on November 5, 2023 (the first upload of materials starts to the deadline, and uploading is not allowed after the deadline). The deadline for supplementary materials that do not pass the review is 16:00 on November 5. The registration information confirmed by the candidate will not be modified during the preliminary examination, re-examination and admission stages.

  The Provincial Education Admissions and Examination Authority specifically reminds candidates that they must remember the user name and password of Xuexin.com (to avoid leaking personal information, please set a complex password and change it regularly), which will still be used to download the admission ticket, participate in adjustments, etc.; remember the registration number generated by the online application system. The registration number is important information that candidates confirm online at the registration point. If it is lost, the user name and password registered by the candidate can be used to enter the online application system for query.

  6 hours ago

• The Demand For A Master's Degree In Engineering Management Has Increased Due To Its Wide Application, And The Popularity Of Applications Has Increased In Recent Years.

  Engineering construction has always been an important force in promoting social development and changing the world. From the completion of the Great Wall to the completion of the Dujiangyan Water Conservancy Project, from the opening of the Hong Kong-Zhuhai-Macao Cross-Sea Bridge to the full-capacity grid-connected power generation of the largest single-capacity integrated photovoltaic and storage project in Xinjiang... From ancient times to the present, engineering management talents have always been involved in the construction and implementation of engineering projects.

  Today, let’s take a closer look at the engineering management master’s degree that plays the role of “conductor” in engineering construction.

  01

  Multi-field applications

  With the advent of the information age and the rapid development of high-tech industries, the application fields of engineering management are becoming larger and larger. It is not only common in the civil engineering and construction fields, but also widely used in petroleum, chemical industry, metallurgy, mining, electronics, communications, computers, software, biology, manufacturing, aerospace, national defense, finance, insurance and other industries.

  With the increase in application fields, the previous rough mining management model of construction enterprises has been difficult to adapt to the needs of current social development. Any project requires more professional people to manage it scientifically and effectively, and the demand for engineering management professionals is also increasing day by day.

  02

  Application status in recent years

  In order to better enable engineering construction to serve people's lives, there is an urgent need for high-level professional management talents. As the main force of basic research, universities have achieved "double improvement" in the quantity and quality of graduate student enrollment. The application situation for the Master of Engineering Management shows the following characteristics:

  1. Rising interest in applications: As the popularity of the engineering management profession increases and market demand increases, it has attracted many working personnel and fresh graduates who want to further their studies in the field of engineering management. While the attraction continues to increase, the competition faced by candidates is also intensifying. For example, in 2023, the MEM application ratio for the School of Economics and Management of Beijing University of Posts and Telecommunications is 1027:131; the MEM application ratio for the School of Management Engineering and E-Commerce of Zhejiang Gongshang University is 826:76.

  2. Increase in enrollment units: The number of colleges and universities offering MEM programs continues to increase. According to the 2024 master's degree catalog data from Yanzhao.com, a total of 210 enrollment units currently recruit master's degree students in engineering management. This reflects the increasing social recognition and educational demand for this professional degree.

  3. The overall national score has increased: Compared with other popular management master's degrees, the national score for the engineering management master's degree has experienced a roller coaster change in the past five years. After increasing by 15 points in 2022, it dropped by 11 points in 2023, but the overall score shows an upward trend.

  4. More suitable for working people: There are two ways to apply for the Master of Engineering Management: national joint examination and advance interview. Except for the industrial engineering and management and logistics engineering and management directions of some colleges and universities that can recruit fresh graduates, most require on-the-job personnel with workplace experience to apply, such as managers with engineering backgrounds (managers in the process of new product development, managers in the implementation of engineering construction projects, managers in technological innovation, transformation, transformation, and managers of industrial and technological development layout, etc.), or people in project management, technical management and other positions in the Internet, real estate, infrastructure, transportation and other industries.

  5. Tuition fees are generally increasing: With the increase in the number of applicants and the increase in education costs, MEM tuition fees are also rising year by year. For example, Tsinghua University’s part-time MEM tuition for the class of 2021 is 168,000 yuan, and the tuition for the class of 2022 rises to 238,000 yuan; the tuition for Shanghai Jiao Tong University’s class of 2021 is 188,000 yuan, while the tuition for the class of 2022 rises to 238,000 yuan. This shows that the investment cost of MEM education is increasing, and it also reflects the continuous improvement of the market value of this major.

  03

  Colleges and universities cultivate diversity

  Colleges and universities usually set up major management courses to cultivate students' understanding of core management field knowledge and help students establish corresponding management systems. In addition, each school will also vertically offer diversified courses closely related to MEM project practice based on its own characteristics and resources to meet market demand and achieve interdisciplinary and applicational subjects.

  In line with the needs of current social development, some schools have opened AI artificial intelligence, big data and business analysis, finance, IT, big data and other directions. For example, the MEM project directions of the School of Software and Microelectronics of Peking University include: innovative engineering management, financial technology, business data analysis, and artificial intelligence. It has set up a modular curriculum system and mainly studies management modules (including innovation strategic management, new product management, Internet marketing, cross-cultural communication and management, innovation and entrepreneurship case analysis, etc.), technology Modules (including Python, R language, business data mining and analysis, algorithm analysis and design, financial information security, introduction to artificial intelligence, machine learning, blockchain, etc.), financial modules (including investment management and Internet financial management, Internet financial practice, financial analysis, quantitative investment strategies and technologies, financial technology case analysis, etc.). The MEM course of the School of Engineering Management of Nanjing University offers elective courses in the fields of data governance and asset management, financial institutions and risk management, logistics and supply chain management, etc.

  There are also schools that combine their own resources and industry characteristics and advantages to set up elective courses in different directions. For example, the School of Management Science and Engineering of Central University of Finance and Economics offers MEM courses related to financial characteristics such as real estate development and management, private equity and venture capital, options, futures and derivative securities. Shanghai Maritime University has established nine distinctive training directions, including logistics engineering management, port and shipping engineering management, and ship and ocean engineering management. The MEM energy specialty class of China University of Mining and Technology offers special energy courses: new energy and mining frontiers, carbon neutrality and energy storage technology, renewable energy and emission reduction technology, energy and environmental management, energy mining policy and law, etc.

  In addition to diversified research directions and curriculum, some institutions are also international project management (IPMP) talent training bases, and students can apply for IPMP certification. Such as China University of Mining and Technology (Beijing) and Shanghai Maritime University.

  It can be seen that MEM's training courses are both theoretical and practical, and continue to cultivate compound high-end management talents for modern engineering careers, not just simple engineering.

  04

  Wide coverage of employment fields

  Judging from the employment data provided by the admissions unit, MEM graduates have a wide range of employment fields. For example, the 2023 South China Normal University Master of Engineering Management (MEM) admissions brochure mentions the work background of its students, which are distributed in the power industry, heavy equipment manufacturing, the Internet industry, government public utilities and other fields.

  It can be seen that MEM graduates, as comprehensive talents, can engage in various branch industries in addition to the traditional engineering management direction, mainly including the following:

  Internet and IT direction: including software design and development, information communication engineering, chips, semiconductors, Internet+, e-commerce, etc.

  Big data and artificial intelligence direction: including data collection/analysis/decision-making, artificial intelligence application, finance, technology, medical health, etc.

  Civil engineering and water conservancy direction: including construction engineering, electric power engineering, water conservancy engineering, bridge construction, etc.

  New energy and environment direction: including petroleum, new energy, materials, chemical industry, green environmental protection, carbon economy, etc.

  Logistics and supply chain direction: including logistics engineering management, logistics technology, supply chain management, procurement, etc.

  Industrial manufacturing direction: including automobile manufacturing, industrial manufacturing, machinery, machine tools, intelligent manufacturing, etc.

  There are also military industry, aerospace, shipbuilding, life sciences, development/application of new products and new technologies, etc.

  As Wang Yingluo, academician of the Chinese Academy of Engineering and professor of Xi'an Jiaotong University, said, "In decades of struggle, I have deeply realized that scientific management is the way to govern the country." Any undertaking is inseparable from excellent managers. It can be said that project managers are the builders of the soul of the project, and are artists who use technology and management art to shape the project.

  05

  Advice on preparing for exams

  The editor interviewed MEM graduates from Tianjin University and East China Normal University to share their postgraduate entrance examination preparation experiences. They mentioned three key points that need to be paid attention to when taking the management joint examination:

  1. Make an overall plan

  Before starting to prepare for the exam, you must do a good job of collecting information, including understanding last year's score lines and admissions status of the target institution, checking the preliminary and re-examination details, and planning the entire postgraduate entrance exam preparation time. The MEM of some colleges and universities is recruited separately by the School of Engineering, School of Materials Science, etc., so you need to know in advance when applying.

  2. Pay attention to interview details

  Some admissions units will conduct interviews in advance, in the form of individual interviews and group interviews (only some colleges have group interviews). The comprehensive ability interview mainly tests the professional ability and comprehensive quality of the candidates. The details in the interview are good bonus points. In addition to being appropriately dressed and having a correct attitude, your logical thinking and expression skills will also be tested. In addition, during the interview, you can focus on talking about your work experience and current work situation.

  3. Calm down and review

  Candidates who are generally determined to apply for a master's degree in engineering management are mostly professionals who have been working for many years. If they enter a state of intense review and preparation, they are often easily interrupted by work and family chores, and their learning efficiency is not high. In the early stages of preparing for the exam, first calm yourself down and increase your concentration time, then formulate a study plan that suits you and focus on preparing for your weak areas.

  Preparing for the postgraduate entrance examination is a systematic project that requires persistent efforts and correct methods. Make full use of online resources and library materials; conduct full-scale mock exams regularly to test learning effects and adapt to the exam rhythm. Analyze errors in mock exams, identify weak areas and improve them.

  In the process of preparing for the management joint entrance exam, I am constantly gaining new growth. With the development of the economy and the acceleration of technological innovation, the demand for engineering management professionals will also continue to grow. Students who are interested in applying for MEM can continue to pay attention to the latest information released by the institution and prepare for the exam!

  8 hours ago