A brief discussion on the legal system of private funds of China

As a new type of financial business in China,private fund develops totally with market demands,and it is much more active and flexible than public offering fund.But in the operation of private fund,there are some problems.That is because private fund has not been recognized in terms of China's laws,and not been supervised by market regulations.Therefore,we should establish a legal system for private fund to keep on developing,which includes the qualifications of private fund sponsors and managers,the conditions of qualified investors and the supervision of private funds.