Make statements and update information. Private fund managers whose net profit in the last year is less than 5 million or whose income is less than 50 million will be recognized as small private fund managers. Small private fund managers shall submit basic information such as business data and annual financial information to China Asset Management Association in accordance with regulations when submitting materials. There are less than 5 million private equity fund managers. It is suggested that information should be declared and updated according to the latest regulations to safeguard the qualification and legal operation of private fund managers.