Article 1 These Measures are formulated to deepen the reform of the investment and financing system, promote industrial upgrading and economic restructuring, standardize the establishment, operation and supervision of industrial investment funds, and protect the legitimate rights and interests of fund parties.

Article 2 The term "industrial investment fund" as mentioned in these Measures refers to a collective investment system in which the benefits and risks of equity investment and management services provided to unlisted enterprises are shared, that is, a fund company is established by issuing fund shares to most investors, and the fund company acts as the fund manager or entrusts the fund manager to manage the fund assets, and entrusts the fund custodian to manage the fund assets and engage in venture capital, enterprise restructuring investment and infrastructure.

Article 3 Industrial funds shall be managed professionally. According to different investment fields, it can be divided into venture capital fund, enterprise restructuring investment fund and infrastructure investment fund.

Article 4 All natural persons, legal persons and other organizations engaged in industrial fund business and related activities within the territory of China shall abide by these Measures.

Article 6

The establishment of an industrial fund shall meet the following conditions:

(1) The investment direction of the fund conforms to the national industrial policy;

(2) The promoters must have more than 3 years of industrial investment or related business experience, and have continuously protected their good financial status within 3 years before filing the application, and have not been severely punished by the relevant competent authorities or judicial institutions.

(3) As promoters, except for industrial fund management companies and industrial fund management partnership companies, the paid-in capital of each promoter shall not be less than 200 million yuan; As a natural person as a promoter, the personal net assets of each promoter shall not be less than 6,543,800 yuan;

(four) other provisions of the management authority.

Article 7 Apply for the establishment of an industrial fund; The promoters shall submit the following documents and materials to the administrative organ:

(1) An application report;

(2) Basic information about the enterprises and projects to be invested;

(three) the list of sponsors and the agreement to initiate the establishment of industrial funds;

(4) Financial reports audited by accounting firms in the last three years;

(5) A legal opinion issued by a law firm;

(6) Prospectus, articles of association of the fund company, entrusted management agreement and entrusted custody agreement;

(seven) the letter of appointment of the accounting firm, law firm and other intermediary institutions or personnel with relevant business qualifications recognized by the management authority;

(eight) other documents required by the administrative organ.

The contents and formats of the prospectus, articles of association of the fund company, entrusted management agreement and entrusted custody agreement mentioned in the preceding paragraph shall be stipulated separately.