2.[ Legal basis]
3. Article 87 of the Securities Investment Fund Law stipulates that non-public offering funds shall be raised from qualified investors, and the cumulative number of qualified investors shall not exceed 200. The QFII mentioned in the preceding paragraph refers to the units and individuals that have reached the specified asset scale or income level, have the corresponding risk identification ability and risk-taking ability, and their fund share subscription amount is not less than the specified limit. Specific standards for qualified investors shall be formulated by the the State Council Securities Regulatory Authority.
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