At the roundtable forum of "money bags for market-based parent funds", Han Yuze, the co-funder of NewMargin Investment, calls for the policy to be "adjusted in real time". He pointed out that the shareholding reduction system launched by the CSRC in 2017 is not suitable for the development of the current capital market, which directly leads to the poor liquidity of the capital market and greatly affects the exit, raising and investment of private equity investment funds.