Private equity funds are legal in China as long as they meet the statutory forms and requirements. The Interim Measures for the Supervision and Administration of Private Investment Funds lists qualified investors in a separate chapter. It is clear that the investor amount of private equity funds cannot be less than 6,543,800 yuan. Article 88 of People's Republic of China (PRC) Securities Investment Fund Law * * * Unless otherwise stipulated in the fund contract, the non-public offering fund shall be managed by the fund custodian. Article 95 Fund managers and fund custodians shall provide fund information to fund share holders in accordance with the provisions of the fund contract. Article 96 of the Securities Investment Fund Law of People's Republic of China (PRC), a fund manager who specializes in the management of non-public offering funds, whose shareholders, senior managers, operating period and managed fund assets meet the prescribed conditions, may engage in the management of public offering funds with the approval of the securities regulatory authority of the State Council.