[Private equity fund raising and investment violations can be fined up to RMB 200,000. If the circumstances are serious, the market may be banned] On September 4, the China Securities Regulatory Commission is soliciting opinions on the "Private Investment Fund Raising Supervision and Management Measures", and the regulatory granularity and violation costs have increased significantly. The new regulations clarify that those who fail to sign a contract as required, open and use a special fund-raising account, etc. may be fined up to 100,000 yuan, and those who involve financial security and have harmful consequences shall be fined up to 200,000 yuan; in serious cases, entry into the securities and futures markets may be banned, and those suspected of committing crimes will be transferred to judicial authorities. (Reporter Lin Jian)