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[May 11avetjx63mcraptor, 96 private fund managers were deregistered as managers because they had no funds under management for 12 months]avetjx63mcraptorInformation from the China Securities Investment Fund Association on May 11 showed that 96 private fund managers had their manager registrations cancelled because they had no funds under management for 12 consecutive months. Previously, the China Foundation Association for Infrastructure Development only announced three cancellation methods: "proactive cancellation","cancellation according to announcement" and "association cancellation". This time,"cancellation without supervision for 12 months" is a new category.
