The China Securities Regulatory Commission publicly solicits opinions on the "Measures for the Supervision and Administration of Private Investment Fund Raising (Draft for Comment)". The "Raising Methods" have seven chapters and 45 articles. The main contents include: First, clarify the basic principle of "sellers must be responsible and buyers beware", clarify the fundraising methods, and refine the regulations on prohibited behaviors. The second is to improve the identification standards of qualified investors such as asset size, income level and investment experience, and strengthen the requirements for penetration supervision. The third is to clarify the fund raising process, raising documents and regulatory requirements, and consolidate the suitability management obligations and risk disclosure obligations of private investment fund managers and private investment fund sales agencies. The fourth is to improve the mechanism to ensure the safety of raised funds, clarify the requirements for special accounts for raising and settling funds, supervision agencies for raising and settling funds, etc., and strengthen the requirements for the construction of internal control systems for private investment fund managers. Fifth, clarify supervision, management and legal responsibilities.