The “Parent Fund Regulations” consist of 23 articles. The main contents include: First, clarifying the concept and specific classification of private equity parent funds, refining certification criteria, and classifying private equity parent funds according to differences in investment scope. The second is to clarify diversification requirements for private equity parent funds and set differentiated investment ratio requirements for long-term capital investment in private equity parent funds. Third, the exemption for private equity parent funds is clearly included in the first level of investment. Fourth, continuous requirements are put forward for managers who manage different types of private equity parent funds. The fifth is to clarify the requirements for the operation and management of private equity parent funds, consolidate managers' active management responsibilities, establish and improve post-investment tracking, penetrating management and risk monitoring mechanisms, and put forward corresponding requirements for fund custody, conflict of interest, and related transaction management. The sixth is to refine the negative investment list of private equity parent funds and adhere to the bottom line of compliance.

The “Parent Fund Regulations” consist of 23 articles. The main contents include: First, clarifying the concept and specific classification of private equity parent funds, refining certification criteria, and classifying private equity parent funds according to differences in investment scope. The second is to clarify diversification requirements for private equity parent funds and set differentiated investment ratio requirements for long-term capital investment in private equity parent funds. Third, the exemption for private equity parent funds is clearly included in the first level of investment. Fourth, continuous requirements are put forward for managers who manage different types of private equity parent funds. The fifth is to clarify the requirements for the operation and management of private equity parent funds, consolidate managers' active management responsibilities, establish and improve post-investment tracking, penetrating management and risk monitoring mechanisms, and put forward corresponding requirements for fund custody, conflict of interest, and related transaction management. The sixth is to refine the negative investment list of private equity parent funds and adhere to the bottom line of compliance.