Tentative Measures for the Regulation of Private Investment Funds

私募投资基金监督管理暂行办法

Private fund property shall be invested in investment targets that include the trading of stocks, equity, bonds, futures, options, fund shares and other targets specified in the investment contract.

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(Promulgated by the China Securities Regulatory Commission on, and effective as of, August 21 2014.)

(中国证券监督管理委员会于二零一四年八月二十一日公布施行。)

Order of the CSRC No.105

证监会令第105号

Part One: General provisions

第一章 总则

Article 1: These Measures have been formulated pursuant to the Securities Investment Fund Law and the State Council, Several Opinions on Further Promoting the Healthy Development of Capital Markets in order to regulate private investment fund activities, protect the lawful rights and interests of investors and relevant parties and promote the healthy development of the private investment fund industry.

第一条为了规范私募投资基金活动,保护投资者及相关当事人的合法权益,促进私募投资基金行业健康发展,根据《证券投资基金法》、《国务院关于进一步促进资本市场健康发展的若干意见》,制定本办法。

Article 2:  For the purposes of

第二条本办法所称私募投资基金(以下简称私募基金),是指在中华人民共和国境内,以非公开方式向投资者募集资金设立的投资基金。