The name and business scope of the private fund manager shall include fund management, investment management, asset management, equity investment and venture capital. In addition, from the perspective of professional operation and prevention of conflicts of interest, private fund managers are not allowed to concurrently engage in business that may conflict with private funds, seller's business unrelated to the buyer's "investment management" business and other non-financial businesses.

Business scope of private equity fund companies: investment in various fields, investment management and related consulting business, entrusted asset management business and investment consulting services; Securities investment business includes buying and selling stocks, bonds and fund shares of publicly issued joint stock limited companies, as well as other securities and their derivatives as stipulated by the State Council Securities Regulatory Authority.

1. Prohibited business:

1, granting loans;

2. Raise funds in an open way;

3. Providing guarantee for enterprises other than investment enterprises;

4. Investment income commitment;

5. Attract investment consulting customers through advertising and other public means.

Two. Conditions for setting up a private equity fund:

1. The name shall comply with the regulations on name registration management, and the words "investment fund" are allowed in the names of investment enterprises that have reached the scale.

2. The words "venture capital fund, venture capital fund, equity investment fund, investment fund" in the industry terminology can be used in the name. As an administrative division, "Beijing" is allowed to be used between trade names and industry terms.

3. Fund type: the registered capital (contribution) of the investment fund company is not less than 500 million yuan, all of which are contributed in cash, and the paid-in capital (contribution) at the time of establishment is not less than 654.38 billion yuan; The registered capital shall be fully paid in accordance with the Articles of Association (partnership agreement) within 5 years. "

4. The contribution of a single investor shall not be less than 6,543,800,000 yuan (except for the general partner in a limited partnership).

5. At least three senior managers have experience in the management and operation of equity investment funds or related business experience.

6. The business scope of fund enterprises is approved as: investment, investment management and consulting of non-securities business. (Fund enterprises may apply to engage in other business projects outside the above business scope, but shall not engage in the following business:

(1) Lending;

(2) publicly traded securities investment or financial derivatives trading;

(3) Raising funds publicly;

(four) to provide guarantees for enterprises other than the invested enterprises.

7. Managing fund companies: Investment fund management "The registered capital (capital contribution) is not less than 30 million yuan, all of which are in monetary form, and the paid-in capital (actual capital contribution) at the time of establishment".

8. The investment amount of a single investor shall not be less than 6,543,800 yuan (except for the general partner in a limited partnership).

9. At least three senior managers have experience in the management and operation of equity investment funds or related business experience.

10. The business scope of managed fund enterprises is approved as: investment in non-securities business, investment management and consulting.

legal ground

Interim Measures for the Supervision and Administration of Private Investment Funds

Article 3 Private equity fund business shall follow the principles of voluntariness, fairness, honesty and credibility, safeguard the legitimate rights and interests of investors, and shall not harm the national and social public interests.