There is no clear supervision department for limited partnership funds in China, which can be supervised by the National Development and Reform Commission and the China Securities Regulatory Commission. However, if the amount of funds managed by each fund company exceeds 500 million, it must be filed with the National Development and Reform Commission.

As for the risk, the control methods of each company are similar, basically mortgage guarantee, and the company assumes unlimited joint liability and controls the equity of the investee. Mortgage depends on what the collateral is. It is best to mortgage in kind, which can be realized quickly, with or without guarantee, because it does not play any role. The equity pledge is preferably above 50%, but it depends on the project, investment amount and registered capital of the financing party.