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Time limit for examination and approval of China Foundation Association
Hello, the feedback from the administrator of China Foundation Association is limited in time. The China Foundation clarified the time limit for filing private equity funds: "Private equity fund managers should file through the Association's comprehensive asset management business reporting system (hereinafter referred to as Ambers system) within 20 working days after the private equity fund is raised".

Among them, the completion of raising means: (1) All investors who subscribed for the contractual private equity investment fund have signed the fund contract, and the corresponding subscription funds have entered the fund custody account (fund property account); (2) Investors who subscribe for corporate or partnership private investment funds have signed the articles of association or partnership agreement, and have completed the first round of paid-in capital of not less than 6,543,800 yuan, and the paid-in capital has entered the fund property account. Managers and their employees, social security funds, government guidance funds, pension funds such as enterprise annuities, charitable funds and other social welfare funds may stipulate in their articles of association or partnership agreements.