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Shenzhen Zhaolifeng Private Equity Fund Management Co., Ltd. was subject to supervision and investigation for illegal operations. The Shenzhen Securities Regulatory Bureau announced on May 13 that it would take corrective measures against Shenzhen Zhaolifeng Private Equity Fund Management Co., Ltd. In conducting a review of the companyexidypriceguideDuring the investigation of, the regulatory agency found that there were many violations in its private fund business activities, including failure to conduct investment operations in accordance with the contract, unfair treatment of investors, failure to establish a related party transaction management system, false records of information submitted, major omissions in information provided to investors, and failure to properly preserve relevant information. Therefore, the regulatory authorities decided to take administrative supervision measures against Zhaolifeng Company.