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According to Securities Times e Company, the website of the China Securities Investment Fund Association showed that on May 11, 96 private fund managers were deregistered as managers due to no funds under management for 12 months. It is worth noting that previously, the website of the China Foundation Foundation only had three types of cancellation publicity data: "proactive cancellation","cancellation according to announcement" and "association cancellation". "No cancellation under management for 12 months" is a new type.