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What is the inter-agency private placement product quotation and service system?

The inter-agency private equity product quotation and service system (referred to as the "Quotation System") is a professional electronic platform established with the approval of the China Securities Regulatory Commission to provide institutional investors with private equity product quotation, issuance, transfer and related services.

In March 2016, upon the recommendation of the China Securities Regulatory Commission, the quotation system (3.0) construction plan was listed as a major "Internet +" project by the National Development and Reform Commission.

In September 2016, the State Council issued several opinions on promoting the sustainable and healthy development of venture capital, clearly supporting the quotation system to carry out direct financing business, further establishing the quotation system's position in the multi-level capital market.

Private equity, that is, private equity investment funds, refers to funds raised from qualified investors through non-public issuance and invested in stocks, equities, bonds, futures, options, fund shares and other investment targets stipulated in the investment contract (such as art, red wine, etc.

) investment funds, referred to as private equity funds.

When governments, financial institutions, industrial and commercial enterprises, etc. issue securities, they can choose different investors as the targets of issuance. Therefore, securities issuance can be divided into two forms: public offering and private placement.

It is mainly analyzed from the establishment of three forms of corporate private equity funds, limited partnership private equity funds, and trust private equity funds.

Including establishment conditions, establishment entities, capital contribution systems, and establishment procedures.

The "Company Law" does not have many restrictions on the establishment conditions of corporate private equity funds. It mainly stipulates the establishment conditions for general limited liability companies and joint stock limited companies. For example, Article 23 of the "Company Law" stipulates: "Establishment of limited liability companies"

A company must meet the following conditions: (1) The shareholders meet the quorum; (2) The amount of capital subscribed by all shareholders complies with the provisions of the company's articles of association; (3) The shareholders jointly formulate the company's articles of association; (4) There is a company name

, establish an organizational structure that meets the requirements of a limited liability company; (5) There is a company domicile in the establishment entity. Corporate private equity funds need to pay attention to the legal limit of 200 investors, of which a limited liability company cannot exceed 50.

And the number of investors for a single investor is not less than 1 million yuan, which is consistent with the number of shareholders stipulated in the "Company Law". The "Company Law" stipulates that the upper limit of the number of limited liability shareholders is 50, while the upper limit of the number of shareholders of a joint stock company is 50.

There are 200 people. Historical Origin Private equity funds originated in the United States.