1. stipulate the system of fund manager registration and fund product filing, and file with the fund industry association after fund raising;

2.

The system of qualified investors shall be stipulated. Non-public offering funds can only be raised from qualified investors. Qualified investors shall reach the prescribed income level or asset scale, have certain risk identification ability and commitment ability, and the cumulative number of qualified investors shall not exceed 200;

(1) The financial assets of individual investors shall not be less than 5 million yuan, and the net assets of institutional investors shall not be less than100000 yuan;

(2) Having the corresponding risk identification ability and risk bearing ability;

(3) The amount invested in a single private equity fund shall not be less than RMB 6,543,800+0,000.

3. It is stipulated that the investment operation, income distribution and information disclosure of the fund are mainly stipulated in the fund contract, with self-discipline management as the main aspect;

4. stipulate that non-public fundraising funds are prohibited from publicity and promotion;

5. It is stipulated that the non-public offering fund shall be managed by the fund custodian, unless otherwise agreed in the fund contract.

6. Non-public offering fund managers who meet the prescribed conditions may engage in public offering fund management business with the approval of the regulatory authorities.

For other requirements, please refer to the Securities Investment Fund Law.