The Securities Regulatory Commission is seeking comments on the “Measures for the Supervision and Administration of Private Equity Fund Raising” with the aim of further strengthening the supervision of private equity fund raising business activities. The “Administrative Measures” are proposed to stipulate that an individual must have at least two years of investment experience in securities, funds, futures, equity, etc., and have household financial assets of not less than 5 million yuan, or household financial net assets of not less than 3 million yuan, or an average annual income of not less than 500,000 yuan in the past three years, and the ability to identify and bear corresponding risks. For private equity funds where the main assets are invested in real estate project company shares, single targets, foreign assets, OTC derivatives, etc., natural person investors should have at least four years of investment experience, household financial assets of not less than 10 million yuan, and household financial net assets of not less than 6 million yuan.

The Securities Regulatory Commission is seeking comments on the “Measures for the Supervision and Administration of Private Equity Fund Raising” with the aim of further strengthening the supervision of private equity fund raising business activities. The “Administrative Measures” are proposed to stipulate that an individual must have at least two years of investment experience in securities, funds, futures, equity, etc., and have household financial assets of not less than 5 million yuan, or household financial net assets of not less than 3 million yuan, or an average annual income of not less than 500,000 yuan in the past three years, and the ability to identify and bear corresponding risks. For private equity funds where the main assets are invested in real estate project company shares, single targets, foreign assets, OTC derivatives, etc., natural person investors should have at least four years of investment experience, household financial assets of not less than 10 million yuan, and household financial net assets of not less than 6 million yuan.