Among them, it is proposed that institutional investors should meet the following basic conditions: they should be professional institutional investors who have obtained administrative permission according to law as stipulated in section 4 of these rules; private equity investment fund managers established by law and completed registration procedures with the China Securities Investment Fund Industry Association; and general institutional investors who have established and completed registration procedures in accordance with law and specialize in securities investment. They have been engaged in securities trading for more than two years and have rich experience in securities trading in the Shanghai and Shenzhen markets. Among them, the total size of private equity funds managed by private equity investment fund managers should be at least 1 billion yuan in the last two quarters, and at least one of the private equity investment funds managed in the past three years has existed for at least two years.

Among them, it is proposed that institutional investors should meet the following basic conditions: they should be professional institutional investors who have obtained administrative permission according to law as stipulated in section 4 of these rules; private equity investment fund managers established by law and completed registration procedures with the China Securities Investment Fund Industry Association; and general institutional investors who have established and completed registration procedures in accordance with law and specialize in securities investment. They have been engaged in securities trading for more than two years and have rich experience in securities trading in the Shanghai and Shenzhen markets. Among them, the total size of private equity funds managed by private equity investment fund managers should be at least 1 billion yuan in the last two quarters, and at least one of the private equity investment funds managed in the past three years has existed for at least two years.