Strict supervision and upgrading, China International Association cancels 14 private placement.

FIFA, May 12 (Xinhua)-- according to the announcement of the China International Association, 14 private equity has been cancelled. The announcement shows that 14 private equity fund managers, including Shenzhen Huaju Asset Management Co., Ltd., have abnormal operating conditions and failed to submit special legal opinions within 3 months after the written notice was issued. The China Foundation Association will cancel the registration of private equity fund managers of the 14 institutions and enter the above situation into the integrity file database of the securities and futures market.