You may know this better. From the way of raising funds, public offering is to raise funds publicly through various financial and securities institutions, radio and television media magazines. Private placement is to raise funds privately. The private placement here is underground, and the national laws do not say that it is illegal. Private equity funds are not as strict as public offerings, but are based on mutual trust. In addition, private equity funds cannot be listed and transferred, and banks are generally not good at consignment. Most of them can only be bought in fund companies. .

From the perspective of investment objects, private equity funds can invest in a wide range, which can be stocks of listed companies, private enterprises, shares of unlisted joint-stock companies, gold real estate industry or credit loans. However, in order to ensure the interests of investors, Public Offering of Fund's national laws generally invest in three markets, namely, the stock market, the bond market, the money market and the futures market.