私募基金备案“误区”有哪些

私募基金备案“误区”有哪些 私募基金备案哪些地方容易出错？怎么在深圳申请私募基金备案？ 现在有很多的人都在说，截至2025年为止，现在是史上最严格的私募基金备案审批。中间也是有一定的原因的，首先就拿私募基金的规模来看，现在已经达到了13万亿级别的规模。

很多的机构也都纷纷加入到私募基金的行列，这也不得不提高私募基金的监管等级。而私募基金也因为一些大型机构的入场慢慢的发展成为主流。那么私募基金常见的“误区”有哪些？今天就一起来了解下关于私募基金。

私募基金之“保壳” 保壳这个很好理解，在有关部门有这样的一条规定，私募基金备案申请成功之后，在6个月内要发行第一支产品，不然的话就会对公司的私募牌照进行冻结。但是大多数的公司在初期没有能力募集到这么大的资金，产品的话也不是相对完善。

这个时候就有了“保壳”这种说法，但是很多的公司都是刻意去操作，这样做是有一定的风险的。

On January 15, 2025, the China Securities Regulatory Commission announced the inspection and enforcement of more than 140 private equity fund managers and private equity fund sales agencies in 2025.，Listed five major violations of laws and regulations in the private equity fund industry，Administrative penalties imposed on a private equity fund manager，272 private equity fund managers, 2 private equity sales institutions and 8 relevant responsible persons have taken administrative supervision measures，9 private equity fund managers were also investigated.，对21家私募基金管理人涉嫌违法犯罪线索移送公安机关或地方政府。

In this context，Private equity fund managers should first review themselves，Are there any illegal business practices?，Including whether the registration and filing information is distorted，Whether periodic reports and changes in major matters have not been submitted as required；Is there any violation in fund raising behavior?，Whether to raise funds from non-accredited investors、Lowering the threshold for investors in disguised form、Public solicitation to unspecified targets、Exaggeration or false propaganda、违规保本保收益、The number of investors exceeds the quorum limit, etc.；Are there any irregularities in investment behavior?，If misappropriation or misappropriation of fund property、Confusing inherent property with fund property、Violation of contract stipulations

cost

、Convey benefits, etc.；Is the company's management irregular?，If internal management and risk control systems are not sound，Weak company management，The information disclosure system is not perfect，Inadequate disclosure of information，Failure to establish a conflict of interest prevention mechanism or insufficient implementation, etc.；Whether the business activities are suspected of illegal crimes，Such as false or exaggerated projects as a guise，Taking capital-guaranteed high returns as bait，Raise funds publicly from unspecified targets，Suspected of illegally absorbing public deposits or fund-raising fraud，Manipulate the market、Insider trading, etc.。

Only by introspection，Correct your attitude，good behavior，Compliance and legal，Only in this way can we remain invincible for a long time.。 The China Asset Management Association also expressed its disapproval or even opposition to the behavior of "shell protection" and "shell dumping"，And pointed out that filing is not a “one-size-fits-all solution”，After registration, institutions must fulfill continuous reporting obligations，Continue to comply with association rules，This is the basis for ensuring continued compliance.。

私募基金之风险管理制度 私募基金的风险管理制度在申请审批的时候尤为重要，可以说在审批通过的比例之中占有很大的一部分。但是很多的公司在申请的时候都是直接抄取网上的模板，然后进行更改直接提交。

Then the question comes，其实网上的哪些模板很多的公司都是用过的，所以在申请的时候审批老师一眼就能看出来，这类的对于公司的私募基金牌照审批都是不利的，一定要根据自己公司的真实情况进行风险管理制度编写。

The Asset Management Association of China released the "Answers to Questions Related to Registration and Filing of Private Equity Funds (8)" on March 18, 2025.，

Require

Law firms and their handling lawyers conduct due diligence on the risk management and internal control systems of the applicant institution.，The following should be checked and verified including but not limited to:： 1.Whether the applicant institution has formulated a complete risk management and internal control system involving key aspects of the institution's operations as mentioned in Article 4 (8) of the "Guidelines for Legal Opinions on Registration of Private Equity Fund Managers"； 2.Determine whether the relevant risk management and internal control systems comply with the provisions of the China Asset Management Association's "Internal Control Guidelines for Private Equity Fund Managers"； 3.Evaluate whether the above systems have the realistic basis and conditions for effective implementation。

For example，Whether the establishment of relevant systems matches the existing organizational structure and staffing of the institution，Whether it meets the actual needs of the organization’s operations, etc.。 私募基金之法律意见书 法律意见书是在申请私募基金牌照的资料中必不可少的材料。必须是由律所出具。很多的公司为了在降低成本这个环节真的是做到了极致，竟然在

Require

相应机构出具法律意见书的时候还想要降低价格。

当然有些小型的律所会答应降价，但是服务质量可就不保证了。有时候有些法律意见书根本无法通过相应的私募基金牌照审批。 at present，一次性通过基金业协会审查的《法律意见书》还不多，很多提交的《法律意见书》由于缺乏尽职调查过程描述和判断依据、内容雷同、Briefly express concluding remarks、未核实申请机构系统填报信息等问题而被否。

私募基金管理人应当充分重视律所和律师的重要性，选择规范、高质量的律所和律师，借助外部律师通过尽职调查和出具《法律意见书》相关工作，对自身的风险控制及内控制度予以梳理和完善，提升自身的管理水平，规范自身的经营行为，而不应简单地依靠价格是否低廉来选择律所和律师。

以上就是对于一些私募基金牌照申请的时候存在的一些“误区”，Hope it helps everyone。

About Hong Kong Xintong

Hong Kong Xintong focuses onGuangdong and Hong Kong license plates、Shenzhen Hazardous Chemicals Business License、Shenzhen labor dispatch licenseandShenzhen Charity Foundationapplication services，Assist customers to applyShenzhen travel agency business license、Shenzhen pawn shop business license、Shenzhen auction house license and other mainstream domestic financial licenses，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableODI overseas investment registration、International travel agency registration and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。