Guantao has issued legal opinion for registration of private equity fund manager was approved by Asset Management Association of China on 25 March 2016, which becomes an example with approval without any opposition and modification. Guantao has been highly rated for professionally providing accurate legal opinion towards compliance of private equity practice area. Since Asset Management Association of China set a stricter standard on registration of private equity fund manager in February 2016, Guantao immediately conducted investigation activities on the new regulations and achieved a standardized guideline of legal opinion. This approval enhanced Guantao's leading position in the industry.