A new round of regulation is coming, truly fearing that we will lose money, very considerate of them 🤝

🇨🇳🚨 After the tightening of channels for illegal cross-border stock trading, many private equity firms received notices to suspend new cross-border TRS
Knowledge point: TRS is a financial derivative, and private equity firms can use it to allocate overseas assets without directly holding foreign assets to generate returns.
This year, many private equity firms have used this tool to allocate overseas assets. Since May, after eight departments jointly regulated illegal cross-border operations, cross-border TRS products have become more popular with funds.
According to the Shanghai Securities News, several private equity industry insiders told reporters that last night they received notices from partner brokerages, with regulators requiring a halt to the addition of new cross-border TRS (Total Return Swap) management scale.
Several private equity insiders revealed: "The relevant notice was quite sudden, and some product strategies may experience certain changes in the short term. We are currently waiting for more detailed regulations on cross-border TRS quotas."