The so-called M&A loan refers to the local and foreign currency loans issued by commercial banks to M&A enterprises or holding subsidiaries of M&A companies to pay the consideration of M&A shares. It is a loan issued to meet the financing needs of domestic superior customers in the process of restructuring and restructuring, such as paid merger and acquisition of other domestic enterprises and institutions, completed projects, asset-debt restructuring, etc. M&A loan is a special form of project loan. Ordinary loans are the best in the order of repayment, but if loans are used for equity acquisition, debts can usually only be repaid through equity dividends.

M&A Fund is a fund that focuses on M&A, the target enterprise. Its investment method is to acquire the control right of the target enterprise by acquiring the equity of the target enterprise, and then sell it after a certain period of restructuring and transformation. The difference between M&A fund and other types of investment is that venture capital mainly invests in entrepreneurial enterprises, and M&A fund chooses mature enterprises; Other private equity investments are not interested in corporate control, while M&A funds want to gain control of the target enterprise.