1. The establishment, operation, management, operation, expansion, merger, reorganization, bankruptcy, transfer and change of major executives of private equity funds and private equity companies must be reported to the state management agencies for filing and approval according to law. It is strictly forbidden for any private fund company or individual to engage in illegal private fund activities in any name. Otherwise, it will be suspected of money laundering, defrauding the state finances and disturbing the financial order.

2. As a private fund company, it must operate in accordance with the law and accept the supervision of the national financial system, and bring it into the management of the national financial system to ensure the healthy operation of the national financial system. There is no financial system outside the supervision of the legal system.

The state's financial supervision and securities supervision, as well as the China Banking Regulatory Commission, have the right to conduct supervision and management according to law. State public security departments and auditing and statistical organs have the right to obtain or collect the management information data of private equity fund companies according to law, and keep the data information confidential according to law. Private equity fund companies should actively cooperate with the management agencies authorized by the state according to law to ensure healthy operation and reduce operational risks.