I. Legal structure:?

1 hedge fund: hedge fund is a limited partner structure initiated by hedge fund companies as general partners and investment management consultants and investors as limited partners. ?

2 Sunshine Private Placement: Sunshine Private Placement refers to the securities investment trust collective wealth management products issued and established by an investment consulting company as the initiator, investors as the trustor, trust companies as the trustee, and funds entrusted by a third-party bank. ?

2. Investment scope:?

1 hedge fund: theoretically, you can invest in any asset class, including but not limited to stocks, bonds, derivatives, currencies, real estate, land, etc. ?

Sunshine private placement: mainly investing in secondary market securities, mainly investing in stocks. ?

3. Investor:?

1 hedge funds and sunshine private placement are private placements for a few specific qualified investors, and there is generally a minimum subscription amount limit. In the United States, a few specific qualified investors are defined as investors whose income has exceeded 200,000 US dollars or whose net assets have exceeded 654.38 million US dollars in the past two years. ?

In China, investors who buy Sunshine Private Equity need to meet the requirements of "compliant investors", that is, they have the corresponding risk identification ability and risk-taking ability. The investment amount of a single private equity fund is not less than 6.5438+0 million yuan, and the personal financial assets are not less than 3 million yuan or the average annual personal income in the last three years is not less than 500,000 yuan. ?