1. How to issue private equity funds? Private equity funds are funds raised privately or directly from specific groups. On the other hand, public offering funds raise funds from the public. People usually say that funds are mainly mutual funds, that is, securities investment funds. There are three main analysis methods of securities investment: basic analysis, technical analysis and evolution analysis, in which the basic analysis is mainly applied to the selection of investment objects, while the technical analysis and evolution analysis are mainly applied to the temporal and spatial judgment of specific investment operations as an important supplement to improve the effectiveness and reliability of investment analysis. Private equity funds in a broad sense include private equity funds in addition to securities investment funds. Second, how to operate the "private fund" or "underground fund" often mentioned in China's financial market is a kind of collective investment that is privately raised from specific investors, as opposed to the securities investment fund that is supervised by the competent department of China government and publicly issues beneficiary certificates to unspecified investors. There are basically two ways: 1, a contractual collective investment fund based on signing an entrusted investment contract; 2. An enterprise collective investment fund established in the form of a joint-stock company based on * * *. Funds can be divided into public offering and private offering according to whether they raise funds for the public, and securities investment funds (stocks), futures investment funds (futures contracts), monetary investment funds (foreign exchange), gold investment funds (gold) and FOF funds (fund investment funds, PE and VC funds) according to the main investment targets. REITs real estate investment trust (real estate investment fund, the subject matter of which is real estate), TOT trust of trust (trust investment fund, the subject matter of which is trust product) and hedge fund (also called arbitrage fund, the subject matter of which is arbitrage space). Many of the above-mentioned fund forms are in western countries, but in China, there is only such a concept, and there is no entity (private placement is possible because it is not limited by policies and the investment target is flexible). China's so-called fund should be called securities investment fund accurately. These Public Offering of Fund are strictly supervised by the CSRC, and their investment direction and proportion are strictly limited. Most of them manage tens of billions of dollars. Private placement is strictly restricted in China, because it can easily become "illegal fund-raising". The difference between the two is whether to raise funds for the general public and whether the ownership of funds has been transferred. If more than 50 people are raised and transferred to personal accounts, it is considered as illegal fund-raising, which is a very serious economic crime and can be sentenced to death. Private real estate investment fund, private equity investment fund (PE) and private venture capital fund (VC) are a kind of securities investment funds, which can only invest in stocks or bonds, but not in non-listed companies, real estate and venture enterprises, while private equity funds can. Through understanding, we know that domestic funds are divided into public offering and private offering, in which private offering is a kind of non-public propaganda, but a kind of collective investment by raising funds from specific investors privately. Private offering is not restricted by relevant policies and is a relatively flexible investment.