Legal analysis: (1) has certain capital; (2) The administrative, financial and managerial personnel are independent of the custodian; (3) Have a complete organizational structure; (four) there are enough qualified professionals; (5) Having a sound risk control system and internal management system. For domestic funds, I prefer private equity funds. A notable feature of private equity funds is that fund sponsors and managers must invest their own funds in fund management companies, and the success of fund operation is closely related to their own interests.

Legal basis: Article 12 of the Securities Investment Fund Law of People's Republic of China (PRC), the fund manager shall be a legally established company or partnership enterprise. 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.