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Code of Conduct

CVCA Members Code of Conduct

To promote sound and sustainable development, and advocate self-regulation and good conduct within the venture capital/ private equity (hereinafter referred to as “VC/PE”) industry in Greater China, CVCA members have the duty to abide by the following code of conduct:

 

Integrity

l   Members shall conduct all kinds of investment activities with integrity

l   Members shall treat each other with honesty, compete fairly, and cooperate to achieve win-win results to promote and maintain the image and reputation of the VC/PE industry in Greater China

l   Members shall not engage in any activity that tarnishes the image and interest of CVCA members, the VC/PE industry in China or CVCA.

 

Compliance with laws and regulations

l   Members shall abide by relevant national or regional laws and regulations in fund raising, investment activities, investment exit, fund operation and other businesses;

l   Members shall comply with the national or regional regulatory systems for VC/PE institutions;

l   Members shall voluntarily take an active part in the legislation process of the national or regional regulations in the VC/PE industry, and try to create a favorable legal environment for the development of the VC/PE industry;

l   Members shall be subject to the supervision of the self-regulatory bodies of VC/PE industry;

l   Members shall abide by the best practices of international VC/PE industry.

 

Responsible Investment

l   Members shall adhere to the investment philosophy of value creation and sustainable development to create value for companies and the society;

l   Members shall not engage in investment activities that harm public interest, endanger public security, or damage the ecological environment when making investment-decision assessments and managing investee companies;

l   Members shall keep the information on the intellectual property rights and business secrets of invested companies confidential;

l   Members shall encourage and assist the investee companies or institutions to establish sophisticated corporate governance, condemn and reject commercial fraud, and call on the investee companies or institutions to be responsible corporate citizens.

 

Investor Relations

l   Members shall abide by the agreements with fund investors and manage funds with professionalism, prudence and loyalty;

l   Members shall not accept capital from unknown sources, and shall not pursue any improper interests through the funds under management;

l   Fund managers shall assume the obligation of information disclosure to fund investors as is contracted, and maintain smooth communication and contact with fund investors;

l   Fund managers shall deal fairly with the conflicts of interest between themselves and the fund investors, and between different funds and investors.

 

Members shall take reasonable measures to ensure that their directors, managers and other employees abide by the Code of Conduct. The Code of Conduct is not exclusive to CVCA members. We welcome VC/PE practitioners to adhere to the Code of Conduct and team up with CVCA members to improve the VC/PE industry standards and promote sound and sustainable development of the VC/PE industry in China.


中华股权协会投资