In order to standardize the raising behavior of private equity investment funds, promote the healthy development of the private equity fund industry, and protect the legitimate rights and interests of investors and related parties, the Measures for the Administration of Private Equity Fund Raising are formulated in accordance with relevant laws and regulations. China Fund Industry Association implements self-discipline management of private fund raising activities in accordance with laws and regulations, relevant regulations of China Securities Regulatory Commission and self-discipline rules of China Fund Industry Association.

According to the relevant laws and regulations, the personnel engaged in private fund raising business should have the qualification of fund practice, abide by laws, administrative regulations and the self-discipline rules of China Fund Industry Association, abide by professional ethics and code of conduct, and participate in follow-up practice training.

legal ground

measures for the administration of private equity investment fund raising behavior

Article 4 Personnel engaged in private fund raising business shall have the qualification of fund practice, abide by laws, administrative regulations and the self-discipline rules of China Fund Industry Association, abide by professional ethics and code of conduct, and participate in follow-up practice training. Article 3 Without registration, no unit or individual may engage in private fund business activities by using "fund", "fund management" or similar names, except as otherwise provided by laws and administrative regulations.

Private fund managers should mark the words "private fund", "private fund management" and "venture capital" in their names, and mark the words "private investment fund management", "private securities investment fund management" and "venture capital fund management" in their business scope that reflect the characteristics of private funds entrusted to be managed. Article 5 Investors of private fund managers shall not hold, circulate, cross-invest, have too many levels and complicated structures, and shall not conceal or break away from the relationship. If the same unit or individual holds or actually controls more than two private fund managers, it should be reasonable and necessary to set up multiple private fund managers, fully, timely and accurately disclose the business division of each private fund manager, and establish a sound compliance control system.