1- Private fund managers can set up private funds, and register private fund managers and file private funds with China Asset Management Association in accordance with the Measures for the Registration and Filing of Private Fund Managers (Trial).

2- China Asset Management Association conducts self-discipline management on the business activities of private equity funds.

3- Measures for Registration of Private Investment Fund Managers and Fund Filing (Trial)

Article 2 The term "private investment fund" as mentioned in these Measures refers to an investment fund established by raising funds from qualified investors in a private way, including a company or partnership established for the purpose of engaging in investment activities with assets managed by fund managers or general partners.

Article 3 China Asset Management Association shall handle the registration of private fund managers and the filing of private funds in accordance with the provisions of these Measures, and conduct self-discipline management of private fund business activities.