1. Company name and scope requirements. According to the requirements of the Interim Measures for the Supervision and Administration of Private Investment Funds (hereinafter referred to as the Interim Measures) on preventing conflicts of interest of private fund managers, the applicant institutions that offer private lending, private financing, fund-matching business, microfinance, micro-lending, P2P/P2B, crowdfunding, factoring, guarantee, real estate development, trading platform and other businesses conflict with the properties of private funds, which is easy to mislead investors. In order to prevent risks, China Fund Industry Association will not register the above-mentioned institutions that conflict with private equity business. At the same time, in order to implement the requirements of the Interim Measures for Career Management of Private Fund Managers, the name and business scope of private fund managers should include the words "fund management", "investment management", "asset management", "equity investment" and "venture capital", but the name and business scope do not include "fund management", "investment management" and "venture capital". From the perspective of professional management and preventing conflicts of interest, private fund managers may not concurrently engage in businesses that may conflict with private funds, sellers' businesses unrelated to the buyer's "investment management" business and other non-financial businesses. According to the requirements of the announcement, the association encourages private fund managers to add the word "private placement" to their names, but it is not mandatory at present.

2. The requirements of paid-in capital, the minimum registered capital that has been cancelled by the Company Law, and the announcement of fund industry associations, as non-normative documents of autonomous associations, will not violate the provisions of the law. Therefore, the association does not require private fund management companies to have more than a certain amount of capital to register. However, private fund managers, as necessary and reasonable operating conditions for institutions, should ensure sufficient capital to ensure the effective operation of institutions according to their own operating conditions and business development direction. Relevant capital should cover reasonable labor wages, house rent and other daily operating expenses of the organization for a period of time. A law firm shall conduct due diligence on whether the private equity fund manager has the funds and capital conditions required for private equity fund management, and issue professional legal opinions. According to the practice of filing, it can generally cover the company's funds for more than six months. The company's paid-in capital contribution certificate shall be the certificate issued by a third party, including the capital arrival certificate, capital verification certificate, bank receipt, industrial and commercial registration materials containing paid-in information and other capital contribution documents issued by the fund custodian. The funds raised by private equity funds shall not be paid on behalf of them. However, in view of the fact that the paid-in capital/paid-in capital of private fund managers is less than 654.38+0 million yuan or the ratio of paid-in capital/paid-in capital does not reach 25% of registered capital/subscribed capital, the Association will give special hints in the publicity information of private fund managers and publicize it in the classified publicity of private fund managers.