The China Asset Management Association issued Article 11. Private fund managers shall, within 20 working days after the end 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. Article 12 Where the filing materials of private equity funds are incomplete or do not meet the requirements, the private equity fund manager shall make timely corrections according to the requirements of the fund industry association.

Legal subjectivity:

The conditions for private equity funds are: raising from qualified investors, with a total of no more than 200 qualified investors. Private placement funds are managed by fund custodians, and fund contracts are formulated and signed. After the fund is raised, the fund manager shall file with the fund industry association.