(1) The paid-in capital or contribution is not less than RMB 654.38+million;
(2) Among the products raised and managed by itself or managed by other institutions, the scale of investment in publicly issued shares, bonds and fund shares of joint stock limited companies and other securities and their derivatives as stipulated by the China Securities Regulatory Commission is more than 6,543.8 billion yuan;
(3) Having two qualified licensed persons in charge and one person in charge of compliance risk control;
(4) It has a good social reputation, has no record of illegal acts in the last three years, and has no record of bad faith in financial supervision, industry and commerce, taxation and other administrative organs, commercial banks, self-discipline management and other institutions.
Equity investment management institutions and venture capital management institutions that meet the registration conditions shall apply to the fund industry association for registration.
Fund industry associations can go through the registration procedures of fund managers according to the rules formulated by them, check the registration application information of fund managers by interviewing the licensed person-in-charge, expert evaluation and on-site inspection, and learn about the credit status of fund managers from China Securities Regulatory Commission and its dispatched offices.
Advantages of private placement
1. Private equity funds are generally closed-end partnership funds and are not listed and circulated. During the closed period of the fund, the partnership investors can't withdraw the funds at will, and the closed period is generally 5 years to 10 years, so the operation period is stable and there is no pressure to redeem the funds.
2. Compared with the strict information disclosure requirements of public funds, the requirements of private funds in this respect are much lower and the government supervision is relatively loose, so the investment of private funds is more hidden and professional, and the return on income is usually higher.
3. The success of fund operation is closely related to the fund manager's own interests, so the fund manager has a strong professional consciousness and can attract specific investors with his unique and effective operation concept. The cooperation between the two sides is based on a kind of trust and contract, so moral hazard rarely occurs.
4. Investment targets are more targeted, and investment service products can be customized for customers to meet their special investment requirements. For example, Soros's Quantum Fund not only invests in the global stock market, but also invests heavily in foreign exchange and futures, creating a high rate of return.
5. Simple organizational structure, flexible operating mechanism and high freedom in daily management and investment decision-making. Compared with the complicated bureaucracy, private equity funds have obvious competitive advantages at the critical moment when opportunities are fleeting.