Is partnership investment an illegal fund-raising?

According to the provisions of the Notice on Banning Illegal Financial Institutions and Illegal Financial Business Activities, illegal fund-raising refers to the behavior that a unit or individual raises funds from the public by issuing stocks, bonds, lottery tickets, investment fund securities or other creditor's rights certificates without the approval of legal procedures, and promises to repay the principal and interest to investors in cash, in kind or in other ways within a certain period of time.

Legal objectivity:

In order to: Article 28 of the Provisions of the Ministry of Public Security of the Supreme People's Procuratorate on the Standards for the Prosecution of Criminal Cases under the Jurisdiction of Public Security Organs [Illegal Absorption of Public Deposits (Article 176 of the Criminal Law)] Whoever illegally absorbs or disguises public deposits and disrupts the financial order shall file a case for prosecution: (1) An individual illegally absorbs or disguises public deposits of more than 200,000 yuan, and a unit illegally absorbs or disguises public deposits of more than 1 million yuan; (2) Individuals illegally or in disguised form absorb more than 30 public deposits, and units illegally or in disguised form absorb more than 150 public deposits; (3) Individuals illegally absorb or absorb public deposits in disguised form, resulting in direct economic losses of depositors of more than 100,000 yuan, and units illegally absorb or absorb public deposits in disguised form, resulting in direct economic losses of depositors of more than 500,000 yuan; (4) Causing adverse social impact; (5) Other circumstances that seriously disrupt the financial order.