1. Before the relevant regulations of the China Securities Regulatory Commission are promulgated, the Association recommends that private equity fund managers raise funds from investors who meet the following conditions: (1) The financial assets of individual investors are not less than RMB 5 million, and the net assets of institutional investors are not less than RMB 5 million.

Less than 10 million yuan; (2) Have corresponding risk identification capabilities and risk-taking capabilities; (3) The amount invested in a single private equity fund is not less than 1 million yuan.

2. Qualified investors refer to units and individuals that have the corresponding risk identification capabilities and the ability to bear the risks of the private equity funds they invest in, and meet one of the above conditions.

Investors need to provide necessary asset certification documents or proof of income.

Qualified investors of private equity funds refer to institutions or individuals with corresponding risk identification capabilities and risk-taking capabilities.

For institutions, the net assets are required to be no less than 10 million yuan; for individuals, the financial assets are required to be no less than 3 million yuan or the average annual personal income in the past three years is no less than 500,000 yuan.

In addition, investors are also required to invest no less than 1 million yuan in a single private equity fund.

The functions of qualified investment are as follows: 1. Investment is another asset in exchange for the transfer of other assets; 2. Investment is an asset held by the enterprise outside the production and operation process; 3. Investment is a form of expression of rights.

assets; 4. Investment is an asset with financial risks; 5. The investment cycle is very long, usually 5-10 years. If it is not long, it is called speculation.

Legal basis: Article 87 of the "Securities Investment Fund Law of the People's Republic of China" Non-publicly raised funds shall be raised from qualified investors, and the total number of qualified investors shall not exceed 200.

The term "qualified investors" as mentioned in the preceding paragraph refers to units and individuals that have reached the prescribed asset scale or income level, have corresponding risk identification capabilities and risk-taking capabilities, and whose fund share subscription amount is not less than the prescribed limit.

The specific standards for qualified investors are stipulated by the securities regulatory authority of the State Council.

Article 12 of the "Interim Measures for the Business Management of Private Securities Investment Funds", qualified investors refer to units and individuals that have the corresponding risk identification capabilities and the ability to bear the risks of the private equity funds they invest in, and meet one of the following conditions: Total personal or household financial assets

Not less than RMB 2 million.