The Asset Management Association of China further optimizes the filing of private equity funds, allowing automatic processing of applications involving the filing of investment advisory products, some major changes to self-issued products, and the start of product liquidation, which greatly enhances efficiency. The Asset Management Association of China also announced the second phase of the private equity filing pilot system into the criteria, namely: credit information report after eliminating the compliance class indicators have problems with private equity, screening out 60% of the indicators in the 60 percentile or more of the private equity managers, its fund filing business to take automatic processing, to achieve the "immediate preparation".