Private fund managers need to apply to the CSRC for their licenses, and they will be issued after being examined by the CSRC. Private fund projects that have obtained the private fund manager license need to be reported to the CSRC.

This Law shall apply to the securities investment activities of a company or partnership established for the purpose of engaging in securities investment activities by public offering or private placement, and its assets are managed by a fund manager or general partner.

It should be noted that trust companies are not established for the purpose of securities investment activities, and even if trust plans are established to invest in securities, they are not governed by this law. In addition, this article limits the securities investment activities in the form of "company or partnership" to be governed by the Fund Law, and those other than these two forms are not governed by the Law. For example, trust plans and various asset management plans with special purpose carrier status, such as individuals entrusted with securities investment activities in the name of natural persons, such as enterprises owned by the whole people and collective enterprises unique to China.

The above is a detailed exposition of the legal issues that private equity funds need to file with the CSRC. I hope it will be helpful for you to meet private equity funds in the future if you need to file with the CSRC.

Legal basis:

Measures for the registration of private investment fund managers and fund filing

Article 11

Private fund managers shall, within 20 working days after the completion of private fund raising, put on record through the private fund registration and filing system, indicate the fund category according to the main investment direction of private fund, and truthfully fill in the basic information such as fund name, fund scale, investor, fund contract (fund company's articles of association or partnership agreement, hereinafter referred to as fund contract). Where a corporate fund employs a management team to manage the assets of the fund, the corporate fund shall go through the procedures of fund filing and fund manager registration.