1. It has articles of association that comply with the Securities Investment Fund Law of People's Republic of China (PRC) and the Company Law of People's Republic of China (PRC);

2. The registered capital shall not be less than 1 100 million yuan, and must be paid-in monetary capital;

3. The number of personnel who have obtained the qualification for fund practice has reached a quorum;

4. Directors, supervisors and senior managers have corresponding qualifications;

5. Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements;

6. Good internal governance structure, perfect internal audit monitoring system and risk control system.

legal ground

According to Article 4 of the Interim Measures for the Supervision and Administration of Private Equity Funds, private equity fund managers and institutions engaged in private equity fund custody business, private equity fund sales business and other private equity service institutions engaged in private equity fund service activities should fulfill their duties and fulfill their obligations of honesty, credibility, prudence and diligence.