Fund) refers to an investment fund set up for operation by raising funds privately for a few investors. Therefore, it is also called a fund raised from a specific target or an "underground fund". There are basically two ways: one is the contractual collective investment fund based on signing the entrusted investment contract, and the other is the corporate collective investment fund based on the joint-stock company established by * * *.

1. Private equity funds are divided into four categories: private securities, private equity, venture capital funds and other funds, as well as four types of parent funds corresponding to them, totaling eight categories.

2. New Third Board funds (including listed and unlisted enterprises) are classified as venture capital funds.

3. Fixed income funds are classified as stock investment funds.

4. Delete types such as debt funds from product types.

5. Investing in other asset management plans, such as private equity funds, trust plans, brokerage asset management and special fund accounts is FOF.

6.M&A funds, real estate funds and infrastructure funds belong to stock funds.