According to the provisions of the Interim Measures for the Supervision of Private Placement, private fund managers should register, put on record or report to the China Fund Association in any of the following circumstances: First, institutions that carry out private fund management business should register with the China Fund Association; Second, after the private fund raising is completed, the private fund manager shall go through the fund filing procedures with the China Fund Industry Association; Third, private fund managers need to regularly update the relevant information of managers and employees, the investment operation and leverage of private funds they manage, and report major issues to China Fund Industry Association within 10 working days; Fourth, private fund managers should submit the annual financial report audited by accounting firms and the annual investment operation of private funds managed by them to the China Fund Industry Association within 4 months after the end of each accounting year; Fifth, if the private fund manager is dissolved, revoked or declared bankrupt according to law, its legal representative or general partner shall report to the China Fund Industry Association.