Legal analysis: Private equity funds have financial licenses. The official name of a financial license is the business license of a financial institution, which is an official document approving financial institutions to conduct business. The financial licenses that need to be approved in China mainly include banking, insurance, trust, brokerage, financial leasing, futures, funds, fund subsidiaries and fund sales.

legal basis: article 3 of the interim measures for the supervision and administration of private investment funds shall follow the principles of voluntariness, fairness, honesty and credibility, safeguard the legitimate rights and interests of investors, and shall not harm the interests of the state and the public.