Answer: D
The Interim Measures for the Supervision and Management of Private Equity Funds issued by China Securities Regulatory Commission on August 21, 214 stipulates that there is no administrative examination and approval for the establishment of private equity fund management institutions and the issuance of private equity funds, and all issuers are allowed to issue private equity funds to investors who do not exceed the cumulative number stipulated by law on the basis of compliance with laws.