The regulatory authorities set the investment threshold of 6.5438+0 million, not to restrict investors, but to protect investors. Generally speaking, the more mature high-end investors, the stronger their risk identification ability and risk tolerance. Therefore, setting the investment threshold of 6.5438+0 million is to isolate ordinary investors with weak risk tolerance according to the amount of funds.

2. Limit the number of participants and ensure the nature of private placement.

China's "Measures for the Administration of Private Fund Raising Behavior" stipulates that private funds must be raised from specific investors and may not be publicized. If the entry threshold is too low and there are too many participants, it will degenerate into public offering and lose the nature of private placement.

3. Weaken the financing ability of the trust.

Private equity fund belongs to a kind of trust. At present, the scale of trust is large, and the direct financing function has actually become an important supplement to bank credit. Limiting the financing ability of trust is beneficial to the government's macro-control.