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What does it mean that public funds cannot be nested?
When raising funds from public investors in an open way, you cannot apply for other private equity funds or products.

Nesting refers to investing in various assets through private equity funds, asset management products and entrusted investment agreements.

According to the Securities Investment Fund Law, the fund property shall not be used for the following investments or activities: 1 underwriting securities. Loans or guarantees to others in violation of regulations. 3 engage in unlimited liability investment. 4. Buying and selling other fund shares, unless otherwise stipulated by the China Securities Regulatory Commission. 5. Contribute to fund managers and fund custodians. Engaging in insider trading, manipulating the price of securities trading and other improper securities trading activities. Other activities prohibited by laws, administrative regulations and provisions of the China Securities Regulatory Commission.