According to the data from Zhongjiexie, since May, only one private sale, Shanghai Hongyuan, has been newly registered. It is a private sale securities fund, and the controller has worked in the globally renowned quantitative hedging fund Two Sigma. At the same time, a total of 164 private sales were cancelled by the association, including 26 cancellations by the association, 36 active cancellations, and 102 cancellations due to no management for 12 months. On May 11th, the association cancelled 96 private sales for the first time due to "no management for 12 months". A total of 806 private sales have been cancelled by the association this year, including 494 cancellations by the association, 200 active cancellations, and 10 cancellations according to the announcement. In addition, there were 18, 6, 10, and 17 newly registered private sales from January to April this year, and there were 7, 1, 1, and 5 private sale securities funds respectively.