[On May 11, 96 private fund managers were deregistered as managers because they had no funds under management for 12 months.] Information from the China Securities Investment Fund Industry Association on May 11 showed that 96 private fund managers were deregistered because they had no funds under management for 12 consecutive months. Previously, the China Foundation only announcedabel3nreelThree cancellation methods have been introduced: "proactive cancellation","cancellation according to announcement" and "association cancellation". This time,"cancellation without management for 12 months" is a new type.