Legal analysis: At present, China adopts the filing management mode for private equity funds. Private equity funds must record the fund management company and the products issued. You can check the filing of private equity funds on the website of the fund industry association. See if there is a formal custodian who issues products on behalf of others.

Legal basis: Securities Law of People's Republic of China (PRC).

Article 3 The issuance and trading of securities must follow the principles of openness, fairness and impartiality.

Article 4 The parties involved in securities issuance and trading activities have equal legal status and should follow the principles of voluntariness, compensation, honesty and credibility.

Article 5 The issuance and trading of securities must abide by laws and administrative regulations. Fraud, insider trading and manipulation of the securities market are prohibited.