First of all, the overview of the four is different:

1. fund overview: refers to a certain amount of funds established for a certain purpose.

2. Overview of Trust: Trust is an act that the trustor entrusts his property rights to the trustee based on his trust in the trustee, and the trustee manages and disposes in his own name for the benefit of the beneficiary or for a specific purpose according to the wishes of the trustor.

3. Overview of public offering: Public offering is a way of international bond issuance. First of all, the borrower contacts with major international banks or securities companies, initially determines the conditions for issuing bonds, selects the lead bank, and then forms a banking group or securities company to sell to investors.

4. Overview of Private Placement: Private placement is a private investment fund, which refers to an investment fund that is raised from qualified investors in the form of non-public offering and invested in stocks, equity, bonds, futures, options, fund shares and other investment targets (such as art, wine, etc.). ) stipulated in the investment contract, referred to as private equity fund.

Second, four different characteristics:

1. Fund features: low risk and stable income.

2. Characteristics of trust: risk isolation mechanism and bankruptcy isolation system formed by trust property. In terms of activating non-performing assets and optimizing resource allocation, trust has an eternal market and incomparable advantages for banks, insurance and other institutions.

3. Features of public offering: Public offering faces a large number of investors and has great financing potential. It is suitable for issuers who issue a large number of securities and raise a large amount of funds.

4. Characteristics of private placement: Private placement funds are generally closed-end partnership funds and are not listed and circulated. During the closed period of the fund, the partnership investors can't withdraw the funds at will, and the closed period is generally 5 years to 10 years, so the operation period is stable and there is no pressure to redeem the funds.

The relevant provisions of III and IV are different:

1, fund-related regulations: If trading investors need to cancel trading, they can bring their fund trading card and bank debit card to the counter to fill in the trading application form before trading day 15, indicating the cancellation of trading. If it is after 15, some banks can make an appointment for trading according to the quotation of the day and trade the next working day. Almost all banks and fund management companies support online trading funds.

2. Trust-related clauses: During the trust period, due to the management and application of trust property, the form of trust property may change. Trust property, for example, is real estate when it is established, then it is sold as capital, then it is bought into bonds with capital, and then the bonds are turned into cash, showing various forms, but it is still trust property and its nature will not change.

3. Relevant regulations on public offering: In the case of public offering, all legal social investors can participate in the subscription. In order to protect the interests of investors, all countries have strict requirements for public offering. For example, the issuer must have a high credit and meet the various issuance conditions stipulated by the securities authorities before it can be issued.

4. Relevant regulations on private placement: For the establishment of corporate private placement funds, attention should be paid to the legal limit that the number of investors should not exceed 200, including 50 limited liability companies and 6,543,800 yuan of individual investors. 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 limited liability shareholders is 50, while the maximum number of shareholders of a joint stock limited company is 200.

The relationship between funds, trusts, public offerings and private placements;

Trust, public offering and private placement are all forms of raising funds, namely trust fund, Public Offering of Fund and private placement fund.

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