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The number of investors in a collective asset management plan shall not exceed ( ).

Answer: C

Article 18 of the "Measures for the Administration of Private Equity Asset Management Business of Securities and Futures Business Institutions" stipulates that securities and futures business institutions may establish a single asset management plan for a single investor. Collective asset management plans can also be set up for multiple investors. The number of investors in a collective asset management plan shall not be less than two and shall not exceed 200.