Legal analysis: private equity product issuance process: 1. Raise funds according to law and handle the sales and registration of fund shares; 2. Go through the fund filing procedures; 3. Manage, keep accounts and invest in securities for different fund properties managed; 4. Determine the fund income distribution plan according to the agreement in the fund contract, and distribute the income to the fund share holders in time; 5. Conduct fund accounting and prepare fund financial accounting reports; 6. Edit interim and annual fund reports; 7. Calculate and publish the net asset value of the fund, and determine the subscription and redemption prices of the fund shares; 8. Handling information disclosure related to fund property management business activities; 9. Keep records, account books, statements and other relevant materials of fund property management business activities; 10, other duties stipulated by the State Council securities regulatory authority.

Legal basis: Article 2 of the People's Republic of China (PRC) Securities Investment Fund Law establishes a securities investment fund (hereinafter referred to as the fund) in People's Republic of China (PRC) by way of public offering or private placement, which is managed by the fund manager and managed by the fund custodian, and operates for the benefit of the fund share holders, and this Law is applicable; Where there are no provisions in this Law, the provisions of People's Republic of China (PRC) Trust Law, People's Republic of China (PRC) Securities Law and other relevant laws and administrative regulations shall apply.