Strictly speaking, it is possible, but after you do it, if something goes wrong and you don't file it, it will be very troublesome, and you will be directly labeled as black private placement. . . So you have to weigh the risks yourself.

Take a step back. How long can it take to file a private equity fund? It will be finished in two weeks at most, and the price is not high. Why take the risk for such a small amount of money?