The issuance of private equity funds includes the following conditions: (1) it is not allowed to publicly publicize and promote funds to unspecified objects; It is necessary to set the property of private equity funds as equal shares, with the same amount and power; Sign a written fund contract; And after the fundraising is completed, it is necessary to go through the filing procedures in time. Article 16 of the Interim Measures for the Supervision and Administration of Private Investment Funds sets equal shares. Unless otherwise agreed in the fund contract, each fund share has the same legal rights and interests. Article 17 When investors, fund managers and fund custodians engage in private fund business, they shall conclude a written fund contract to clearly stipulate their respective rights, obligations and related matters. The fund contract shall include the necessary contents stipulated in Articles 93 and 94 of the Securities Investment Fund Law. Article 20 Fund managers and fund sales organizations shall not use newspapers, radio stations, television stations, the Internet and other public media forms or lectures, reports, analysis meetings and other means to publicize and promote funds to unspecified objects. Article 21 After the private placement fund is raised, the fund manager shall go through the relevant filing procedures in a timely manner in accordance with the provisions of the fund industry association. If the registered private equity fund only exceeds 6,543.8 billion yuan or the number of fund share holders exceeds 50, the fund industry association shall report to the China Securities Regulatory Commission.