Contractual funds are flexible enough. One of the major advantages of contractual private equity funds is that they have a flexible and convenient organizational form, and the conclusion of contracts between investors and managers can satisfy different customer groups. Within the legal framework, trust deeds are free to make various provisions. The contract can have special clauses stipulating the flexible exit method of the investors. This is because there is no mutually restrictive relationship between the different trustees of the collective trust, and changes in some trustees will not affect the validity of the existence of the contractual private equity fund. sex. In addition, it is more likely that the transfer of contract fund shares will be allowed through the trading platform in the future, which will also greatly improve the liquidity of fund shares.