(1) Possess corresponding risk identification capabilities and risk-taking capabilities; (2) The amount invested in a single private equity fund is not less than 1 million yuan; (3) The net assets of unit investors are not less than 10 million yuan, and the individual investor financial

Assets should not be less than 3 million yuan or personal average annual income in the past three years should not be less than 500,000 yuan.

Among them, financial assets include bank deposits, stocks, bonds, fund shares, asset management plans, bank wealth management products, trust plans, insurance products, futures rights, etc.

Article 46 of the Securities Investment Fund Law of the People's Republic of China shall be established when the investor pays the funds for the subscribed fund shares; the fund manager shall report to the Securities Supervisory Authority of the State Council in accordance with the provisions of Article 44 of this Law.

The management agency handles the fund registration procedures and the fund contract becomes effective.

If the fund raising period expires and the conditions stipulated in Article 44 of this Law are not met, the fund manager shall bear the following responsibilities: (1) Use its inherent property to bear the debts and expenses arising from the raising; (2) In the case of the fund

The amount paid by investors will be returned within thirty days after the expiration of the fundraising period, plus bank deposit interest for the same period.