Now it's basically a scam. Private placement fund is an investment product with * * * income and * * risk, and the seller is responsible and the buyer is responsible. Private fund manager registration certificate is not a financial license. The registration and filing of private equity funds does not constitute the recognition of the investment ability and continuous compliance of private equity fund managers, and does not serve as a guarantee for the safety of fund property. The CSRC does not approve the establishment of private fund managers or private fund products. Therefore, it is generally not easy to listen to others holding private seats.

1. Private placement is also called private placement or internal issuance. The way to issue securities to a few specific investors. There are roughly two kinds of private placement: one is individual investors, such as the old shareholders of the company or the employees of the issuer; The other type is institutional investors, such as large financial institutions or enterprises closely related to issuers. However, compared with public offering, private placement refers to the sale of shares by a small number of qualified investors (usually less than 35), which can avoid the registration procedure with the US Securities and Exchange Commission (SEC). Private placement has a certain number of investors, and the issuance procedure is simple, which can save the issuance time and cost. The disadvantage of private placement is the limited number of investors and poor liquidity, which is not conducive to improving the issuer's social reputation.

2. Fund property is the property formed by the investment of fund investors. This is the goal of the legal relationship of securities investment funds. Fund investors enjoy corresponding fund shares because they invest in the fund, and fund investors or fund share holders enjoy corresponding rights and assume corresponding obligations to the fund property according to the fund shares. According to the relevant provisions of China's Securities Investment Fund Law, fund property is independent of the property of fund managers and fund custodians. Fund managers and fund custodians may not classify fund property as their inherent property; Property and interests obtained by fund managers and fund custodians from the management, use or other forms of fund property are classified as fund property; The fund property does not belong to the property liquidated, revoked or declared bankrupt by the fund manager or fund custodian according to law; The creditor's rights of the fund property shall not be offset against the debts of the inherent property of the fund manager and fund custodian; Bond debts of different fund assets shall not offset each other; Debts not borne by the fund property shall not be enforced against the fund property.