2 thoughts on “Private equity belongs to the first -level market or the secondary market”
Jake
The first -level and secondary level can be done. Generally, the equity investment is the first -level market. The securities investment category is the secondary market : Private equity, that is, private equity investment funds, refers to the non -public issuance method The raised, invested in stocks, equity, bonds, futures, options, fund shares and other investment funds (such as art, red wine, etc.) agreed on investment contracts, referred to as private equity funds. : Related regulations Government, financial institutions, industrial and commercial enterprises, etc. When issuing securities, they can choose different investors as issues. Therefore, securities issuance can be divided into two forms of public offering and private equity. Essence In the establishment of the main body, the company's private equity fund needs to pay attention to the legal limits of investors cannot exceed 200 people. Among them, limited liability companies must not exceed 50, and a single investor is not less than 1 million yuan. The number of investors is consistent with the number of shareholders stipulated in the "Company Law". The "Company Law" stipulates that the maximum number of shareholders of the limited liability is 50, and the upper limit of the shareholders of the joint -stock company is 200. A minimum amount of registered capital, in accordance with the provisions of the "Company Law", if the laws and administrative regulations have high provisions, it is stipulated. In accordance with the record conditions stipulated in the "Interim Measures for the Management of Entrepreneurship Investment Enterprises" above, the company's income capital is not less than RMB 30 million. According to this regulation, the income capital of entrepreneurial investment companies is at least less than 30 million yuan, but the registered capital is The language is unknown. In the establishment process, according to the "Interim Measures for the Management of Entrepreneurship Investment Enterprises", the establishment of a corporate PE needs to perform the relevant industrial and commercial registration procedures in accordance with the "Company Law" registration procedure, and then perform the relevant filing procedures to the Development and Reform Commission from various places. If it involves foreign capital, it is necessary to perform the approval procedures of the foreign -owned commercial bureau or the Ministry of Commerce before going through the procedures for industrial and commercial registration. If according to the "Opinions on Stringing Securities Illegal Activities in accordance with the law", the legal liability for strengthening private equity illegal acts. Increase the criminal crackdown on illegal fund -raising, private equity managers and their employees' occupation or misappropriation of fund property. Accelerate the formulation of interim regulations of private equity fund management, and implement differentiated supervision and industry self -discipline on entrepreneurial investment enterprises and entrepreneurial investment management enterprises. : historical origin private equity funds originated in the United States. In 1976, the three investment banks of the famous investment bank of Wall Street founded a investment company KKR, which specialized in the merger and acquisition business. This is the earliest private equity investment company. In after 30 years of development, foreign private equity investment funds have become important financing methods after bank loans and IPOs. Foreign private equity investment funds have a huge scale, a wide range of investment areas, a wide range of funds, and diversified participation institutions. Western countries' private equity investment accounts for 4%to 5%of its GDP share. So far, thousands of private equity investment companies in the world, Blackstone, KKR, Carey, Bain, Apollo, Texas Pacific, Goldman Sachs, Merrillin and other organizations are one of the best. 2006 Global private equity base funds raised $ 215 billion from the market on the market. The total investment of global private equity investment funds reached 738 billion US dollars, doubled from 2005. Among them, 9 private equity transactions of more than $ 10 billion have reached 9.
The first -level market, also known as the issuance market or primary market, is the first time that capital demanders have formed securities to the public. It is a trading market for financial instruments such as new securities and bills. The main operators of the market are investment banks, agents and securities self -business (the three businesses in my country are unified in securities companies). They undertake the newly issued securities of the government and the company, as well as inheritance or distribution shares. Investment banks usually use contracting contracting to underwriting securities. After the end of the underwriting period, the remaining issuers can get all the booked funds.
The first -level and secondary level can be done. Generally, the equity investment is the first -level market. The securities investment category is the secondary market
: Private equity, that is, private equity investment funds, refers to the non -public issuance method The raised, invested in stocks, equity, bonds, futures, options, fund shares and other investment funds (such as art, red wine, etc.) agreed on investment contracts, referred to as private equity funds.
: Related regulations
Government, financial institutions, industrial and commercial enterprises, etc. When issuing securities, they can choose different investors as issues. Therefore, securities issuance can be divided into two forms of public offering and private equity. Essence
In the establishment of the main body, the company's private equity fund needs to pay attention to the legal limits of investors cannot exceed 200 people. Among them, limited liability companies must not exceed 50, and a single investor is not less than 1 million yuan. The number of investors is consistent with the number of shareholders stipulated in the "Company Law". The "Company Law" stipulates that the maximum number of shareholders of the limited liability is 50, and the upper limit of the shareholders of the joint -stock company is 200.
A minimum amount of registered capital, in accordance with the provisions of the "Company Law", if the laws and administrative regulations have high provisions, it is stipulated. In accordance with the record conditions stipulated in the "Interim Measures for the Management of Entrepreneurship Investment Enterprises" above, the company's income capital is not less than RMB 30 million. According to this regulation, the income capital of entrepreneurial investment companies is at least less than 30 million yuan, but the registered capital is The language is unknown.
In the establishment process, according to the "Interim Measures for the Management of Entrepreneurship Investment Enterprises", the establishment of a corporate PE needs to perform the relevant industrial and commercial registration procedures in accordance with the "Company Law" registration procedure, and then perform the relevant filing procedures to the Development and Reform Commission from various places. If it involves foreign capital, it is necessary to perform the approval procedures of the foreign -owned commercial bureau or the Ministry of Commerce before going through the procedures for industrial and commercial registration.
If according to the "Opinions on Stringing Securities Illegal Activities in accordance with the law", the legal liability for strengthening private equity illegal acts. Increase the criminal crackdown on illegal fund -raising, private equity managers and their employees' occupation or misappropriation of fund property. Accelerate the formulation of interim regulations of private equity fund management, and implement differentiated supervision and industry self -discipline on entrepreneurial investment enterprises and entrepreneurial investment management enterprises.
: historical origin
private equity funds originated in the United States. In 1976, the three investment banks of the famous investment bank of Wall Street founded a investment company KKR, which specialized in the merger and acquisition business. This is the earliest private equity investment company.
In after 30 years of development, foreign private equity investment funds have become important financing methods after bank loans and IPOs. Foreign private equity investment funds have a huge scale, a wide range of investment areas, a wide range of funds, and diversified participation institutions. Western countries' private equity investment accounts for 4%to 5%of its GDP share. So far, thousands of private equity investment companies in the world, Blackstone, KKR, Carey, Bain, Apollo, Texas Pacific, Goldman Sachs, Merrillin and other organizations are one of the best.
2006 Global private equity base funds raised $ 215 billion from the market on the market. The total investment of global private equity investment funds reached 738 billion US dollars, doubled from 2005. Among them, 9 private equity transactions of more than $ 10 billion have reached 9.
The first -level market, also known as the issuance market or primary market, is the first time that capital demanders have formed securities to the public. It is a trading market for financial instruments such as new securities and bills. The main operators of the market are investment banks, agents and securities self -business (the three businesses in my country are unified in securities companies). They undertake the newly issued securities of the government and the company, as well as inheritance or distribution shares. Investment banks usually use contracting contracting to underwriting securities. After the end of the underwriting period, the remaining issuers can get all the booked funds.