A joint-stock company refers to a company with shares as its capital, and its shareholders are liable to the company to the extent of the shares subscribed by them. Because all joint-stock companies must be limited liability companies (but not all limited companies are joint-stock companies), they are generally called "joint-stock companies". It is a way of establishing a joint stock limited company by the sponsor * * * subscribing all the shares.
Equity investment fund companies refer to private enterprises, that is, unlisted enterprises. In the process of transaction implementation, the future exit mechanism is considered, that is, through listing, mergers and acquisitions or management buyback. Make a profit by selling stocks. Also known as "PE", it mostly adopts equity investment, and is more inclined to molding enterprises that have formed a certain scale and generated stable cash flow.