NEW POWER(300152) 第一财经·2025-03-27 14:35Core Viewpoint - The "Hangzhou 3 billion quantitative private equity fund runaway" incident from November 2023 is back in the spotlight as a lawsuit involving multiple parties is set to go to court, revealing deeper issues within the private equity fund industry [1][2][3] Group 1: Lawsuit Details - The lawsuit involves Beijing Huasoft New Power Private Fund Management Co., Ltd. as the plaintiff against Shenzhen Huisheng, Hangzhou Yuyao, and other institutions for infringement liability, with the court date set for April 22 [1][2] - The three private equity firms involved are currently untraceable, raising concerns about their operational status [2][6] - Huasoft New Power is seeking compensation for a principal loss of 100 million yuan from the "Tianan 2" fund, along with interest calculated at the 2023 one-year LPR rate of 3.45% [3] Group 2: Impact on Companies - Following the "explosion" incident, Huasoft New Power has not launched any new products for nearly a year and a half, with a total of 77 products established before the incident [4] - The company has recently added 14 new execution records from the Beijing Financial Court, totaling 6.3922 million yuan [4] - Other companies affected by the incident, such as Zheng Coal Machinery and Yingluohua, have reported significant investment losses due to the inability to recover funds [5] Group 3: Regulatory Response - The incident has prompted regulatory scrutiny over complex structured products, with the China Securities Investment Fund Industry Association (CSRC) issuing notices for self-examination among private equity firms [8][9] - New regulations have been introduced to prohibit multi-layer nesting of private equity funds, requiring a clear and transparent fund structure [9] - The private equity industry is undergoing a significant cleanup, with over 1,500 private fund managers being deregistered in 2024 alone, indicating a trend towards stricter regulatory compliance [9]