Legal analysis: 1. The name shall conform to the Regulations on the Administration of Name Registration, and the words "investment fund" are allowed to be used in the names of investment enterprises that have reached the scale. 2. The words "venture capital fund, venture capital fund and equity investment fund" in industry terminology can be used in the name. 3. Except the enterprises decided by the State Council, the names of enterprises shall not be prefixed with the words "China", "China", "country", "nationality" and "international". 4. The registered capital (capital contribution) of the fund management company shall be no less than RMB 30 million, all of which are contributed in cash, and the paid-in capital (capital contribution) shall be no less than RMB 30 million when it is established. 5. The registered capital (capital contribution) of the fund-type enterprise shall be no less than 500 million yuan, all of which shall be in cash, and the paid-in capital (capital contribution) shall be no less than 1 100 million yuan when it is established; Pay in full the registered capital in accordance with the articles of association (partnership agreement) within 5 years. 6. The business scope of the fund company is approved as: non-securities business investment, investment management and consulting. However, they may not engage in the following businesses: issuing loans; Raise funds in an open way; Provide guarantees to enterprises other than the invested enterprises. 7. At least 3 senior managers with experience in the management and operation of equity investment funds or related business experience shall be equipped.

Legal basis: Article 2 of the Interim Measures for the Supervision and Administration of Private Investment Funds The private investment funds mentioned in these Measures (hereinafter referred to as private investment funds) refer to investment funds established by private fundraising from investors in People's Republic of China (PRC). The investment of private equity fund property includes buying and selling stocks, equity, bonds, futures, options, fund shares and other investment targets agreed in investment contracts. These Measures shall apply to the registration, fund raising and investment operation of companies or partnerships established for the purpose of investing in private equity funds and assets managed by fund managers or general partners. These Measures shall apply to securities companies, fund management companies, futures companies and their subsidiaries engaged in private equity fund business. Where other laws and regulations and the relevant provisions of China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission) provide otherwise for the above-mentioned institutions to engage in private equity fund business, such provisions shall apply.

Interim Measures for the Supervision and Administration of Private Equity Funds Article 4 Private equity fund managers and institutions engaged in private equity fund custody business (hereinafter referred to as private equity fund custodians), institutions engaged in private equity fund sales business (hereinafter referred to as private equity fund sales institutions) and other private equity service institutions engaged in private equity fund service activities shall fulfill their duties and fulfill their obligations of honesty, credibility, prudence and diligence. Private equity fund practitioners shall abide by laws and administrative regulations, and abide by professional ethics and codes of conduct.