According to the statistical data released by the Asset Management Association of China (hereinafter referred to as "AMAC"), as of the end of February 2021, there were a total of 24,623 private fund managers nationwide, an increase of 36 from the previous month, with a month-on-month growth rate of 0.15%. Among them:

In recent years, the circulation of rural land contractual management rights has become an important part of improving the rural economic level and adjusting the rural production relations. The Civil Code of 2020 defines land contractual management rights as real rights, ranking them first among various usufructuary rights, and clearly stipulates that "land contractual management rights are a type of usufructuary right derived from the collective ownership of land".

This year, we witnessed history while wearing masks. When the news of Wuhan's lockdown came, and when medical teams rushed to aid Hubei overnight, the rule of law demonstrated its strength in times of crisis: law-based prevention and control, and law-based governance kept the order of 1.4 billion people stable amid the stormy waves. This year, the Civil Code was born — with 1,260 articles and more than 100,000 characters, it carries the long-cherished wish of several generations and ushers in a new era of civil rights protection under a codified law. This was a year of standing tall through hardships and rebirth under the rule of law.

In private equity investment business, when an investment institution invests in a company it intends to invest in, in order to minimize its investment risks and ensure the predictability of its investment returns, it usually agrees on some special clauses with the target company, such as veto power, anti-dilution right, etc.,

When the Sun Xiaoguo case finally came to an end after 21 years, and when the remains in the "Playground Burial Case" saw the light of day again after 16 years, 2019 interpreted " Justice delayed is still justice " in the heaviest way.

At the end of 2018, when attending the opening ceremony of the first China International Import Expo, the national leaders delivered a speech, announcing the establishment of the Sci-Tech Innovation Board (STAR Market) on the Shanghai Stock Exchange and the pilot implementation of the registration-based system. It was stated that the establishment of the STAR Market is to implement the strategy of building a strong country through science and technology and innovation-driven development, and it is also an important measure to stimulate the vitality of the capital market and protect investors.

On March 5th, in the Government Work Report, the Premier clearly stated: In 2019, the burden of enterprise social security contributions will be significantly reduced, with the main contents as follows:

Against the backdrop of increasingly strict financial regulation, since 2017, the China Securities Investment Fund Industry Association (hereinafter referred to as the "Fund Industry Association") has gradually strengthened its pre audit and in-process and post supervision of fund managers.

In 2018, the topic of personal income tax reform became a nationwide hot topic. Up to now, various policies of personal income tax reform have basically been implemented:

The death penalty is a punishment method that deprives criminals of their lives, also known as the death penalty (capital punishment/life penalty). As the most severe punishment among all penalty methods in the penalty system, it is also referred to as the extreme penalty. The death penalty is a criminal law measure that punishes crimes and defends society by physically eliminating criminals. Precisely because of the severity and enormous deterrent effect of the death penalty, rulers of all countries throughout history have attached great importance to its use, regarding it as an important means to deal with the most serious crimes that endanger their rule.

The Fuzhou Zhao Yu case, which sparked great public attention, had its results on February 21, 2019: In the early morning of February 21, Fuzhou Public Security issued a notice stating that the People's Procuratorate of Jin'an District, after examination, believed that Zhao's behavior was legitimate defense, but exceeded the necessary limits, causing serious injuries to the victim Li. Considering Zhao's actions to stop illegal infringement, in order to promote social justice and encourage acts of bravery, and based on the comprehensive factual evidence of the case, a decision not to prosecute Zhao has been made.

Shareholders can contribute capital in currency, or they can contribute capital with non-monetary property such as physical goods, intellectual property rights, and land use rights that can be valued in currency and can be transferred in accordance with the law. However, laws and administrative regulations may not be used as property as capital contributions.