[industry insiders: in the future, private equity will not only make money, but also be an asset management organization that investors can trust. "recently, the 'shell private placement' business simply cannot be done, and it is even difficult to get back the money." The chill felt by people who buy and sell private equity "shell resources" is the epitome of profound changes in the private fundraising industry. Since the beginning of this year, private equity regulation has continued to increase, and a series of new regulations have further regulated all aspects of the private equity exhibition industry, greatly reducing the survival space for setting up "window funds", acting as channels and "shell private equity" trading transactions. In the context of strict supervision, thousands of private equity have been cancelled since the beginning of this year, and many private equity companies have accelerated the pace of self-examination of compliance risks, and take the initiative to liquidate "shell products" according to the actual situation, suspending the disclosure of non-compliant fund net worth. For the private fundraising industry, large capital management, strict supervision and quick clearance can be described as a reform intertwined with labor pains and growth, but it also gives the industry an opportunity to reposition itself and plan its development path. A number of industry insiders believe that in addition to making money in the future, private placement should also strengthen the awareness of compliance with the bottom line, adhere to the original intention of creating absolute income, enhance the level of specialization, and be an asset management organization worthy of investor trust. (Shanghai Stock Exchange News)