Legal analysis: 1. Having articles of association that conform to the Securities Investment Fund Law of People's Republic of China (PRC) and the Company Law of People's Republic of China (PRC); 2. The number of personnel who have obtained the qualification for fund practice has reached a quorum; 3. Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements; 4. Have a sound internal audit monitoring system and risk control system.

Legal basis: Article 12 of the Interim Measures for the Supervision and Administration of Private Equity Funds refers to the units and individuals with corresponding risk identification ability and risk-taking ability, and the investment amount of a single private equity fund is not less than 6,543,800 yuan and meets the following relevant standards:

(1) Its net assets are not less than 6,543,800 yuan;

(2) Individuals whose financial assets are not less than 3 million yuan or whose average annual income in the last three years is not less than 500,000 yuan.

The financial assets mentioned in the preceding paragraph include bank deposits, stocks, bonds, fund shares, asset management plans, bank wealth management products, trust plans, insurance products, futures rights and interests, etc.