Shenzhen Private Equity Industry Association issued a proposal on industry self-discipline: balancing short-term interests and long-term development to avoid short-term incentives and excessive incentives

[Shenzhen Private Equity Fund Industry Association issued Industry self-discipline proposal: balance short-term interests and long-term Development to avoid short-term incentives, excessive incentives]-- Today, Shenzhen Private Equity Industry Association Private Securities Investment Professional Committee and Trusteeship Committee jointly issued the "proposal on self-discipline to optimize the ecology of Shenzhen private equity investment fund industry." according to the proposal on self-discipline for optimizing the ecology of Shenzhen private equity investment fund industry, all industry institutions should adhere to sound operation. Focus on the goal of high-quality development, grasp the balance between risks and returns, define the boundary between financial innovation and business development, and firmly adhere to the bottom line that regional and systemic risks do not occur. Persist in making progress in the midst of stability, overcome the concepts of eager for quick success and quick profit and speculation, improve the corporate governance structure, maintain sound capital and sufficient liquidity, match business development with management ability, and balance short-term interests with long-term development. Practice the long-term concept, build an institutional mechanism that is compatible with incentives and constraints, give consideration to both long-term and short-term, pay attention to the unity of effective incentives and accountability supervision, and establish a long-term assessment and evaluation system and income distribution mechanism to avoid short-term and excessive incentives. (reporter Shen Shuhong)