In 2006, in order to deepen the reform of investment and financing system, promote industrial upgrading and economic restructuring, standardize the establishment, operation and supervision of industrial investment funds, and protect the legitimate rights and interests of fund parties, the Interim Measures for the Administration of Industrial Investment Funds was formulated, which stated and stipulated the concept, initiation and establishment, fund company, fund custodian, fund manager, investment operation, supervision and management, termination of settlement and punishment of industrial investment funds. The "Measures" stipulate that the establishment of industrial funds must be approved by the National Development and Reform Commission, with no more than 200 investors, and the scale to be raised is not less than 654.38 billion yuan, with a duration of not less than 654.38+00 years and not longer than 654.38+05 years.

Industrial investment fund refers to the collective investment system in which the interests and risks of unlisted enterprises are shared, that is, fund companies are established by issuing fund shares to most investors, with fund managers as fund managers or entrusted to manage fund assets, and fund custodians are entrusted to manage fund assets and engage in industrial investments such as venture capital, enterprise restructuring investment and infrastructure investment.