According to the relevant provisions of China's Securities Investment Fund Law, the paid-in capital of private fund managers generally needs more than 1 100 million yuan, and it must be paid-in monetary capital. The fund manager shall be a legally established company or partnership. As a private fund manager, he shall go through the registration formalities with the fund industry association in accordance with the regulations and submit basic information. After the raising of raised funds is completed, the fund manager shall file with the fund industry association.

legal ground

Article 12 of the People's Republic of China (PRC) Securities Investment Fund Law shall be a company or partnership established according to law. The fund manager of a publicly offered fund shall be a fund management company or other institutions approved by the the State Council Securities Regulatory Authority in accordance with relevant regulations.