Domestic registered private equity fund management institutions shall go through the registration procedures for private equity fund managers with the fund industry association. Overseas registered private equity fund management institutions are not included in the scope of registration for the time being.

The major shareholders of a private equity investment fund management company shall meet the following conditions:

(a) engaged in securities business, securities investment consulting, trust asset management or other financial asset management;

(2) Its registered capital is not less than 300 million yuan;

(3) Good business performance and good asset quality;

(4) It has been operating continuously for more than three complete fiscal years, with sound corporate governance and sound internal control system;

(5) It has not been subjected to administrative punishment or criminal punishment for illegal acts in the last three years;

(six) whether there is any misappropriation of customer assets and other acts that harm the interests of customers;

(7) It is not being investigated by the regulatory authorities due to illegal acts, or it is being rectified;

(8) It has a good social reputation, and has no bad records in the administrative organs such as taxation, industry and commerce, financial supervision, self-discipline management, commercial banks and other institutions in the last three years.