In China, there are many people with millions of assets (if they own a property in the north, Guangzhou and Shenzhen, it is easy to meet the standard), but those who can invest 6.5438+million in cash must be a small proportion of high-net-worth people. This undoubtedly increases the difficulty of market opening, so this is definitely not the "asset discrimination" of private equity companies, but caused by supervision.

1. Improve the risk tolerance of the customer base. The regulatory authorities set the investment threshold of 1 10,000, not to restrict investors, but to protect investors. Generally speaking, the more mature high-end investors, the stronger their risk identification ability and risk tolerance. Therefore, setting the investment threshold of 6.5438+0 million is to isolate ordinary investors with weak risk tolerance according to the amount of funds.

2. Limit the number of participants to ensure that private offerings are different from public offerings. Mainly aimed at high-net-worth people and sold to specific people in a non-public way. China's "Measures for the Administration of Private Equity Fund Raising Behavior" stipulates that private equity funds must be raised from specific investors (qualified investors) and may not be publicized. If the entry threshold is too low and there are too many participants, it will degenerate into public offering and lose the nature of private placement.

3. Weakening the financing ability of trust private equity funds is a kind of trust. At present, the scale of trust is large, and the direct financing function has actually become an important supplement to bank credit. Limiting the financing ability of trust is beneficial to the government's macro-control. It can be seen that trust products such as private equity funds cannot be popularized, and their investment threshold will exist for a long time.