Can private equity workers also buy stocks? For many people, buying stocks from private placement may be a strange thing. Therefore, Bian Xiao specially brought everyone an opportunity to buy stocks privately. I hope I can help you.
Can private equity practitioners buy stocks?
Yes, just report in advance.
Regulations of China Securities Regulatory Commission on Private Equity Fund Managers
The Interim Measures for the Supervision and Administration of Private Equity Funds puts forward corresponding normative requirements for private equity service institutions such as private equity fund managers, custodians and sales organizations and their employees to engage in private equity fund business, and lists the prohibited behaviors:
First, engage in fund property investment activities with its inherent property or other people's property;
Second, it unfairly treats the different fund properties it manages;
Third, take advantage of the property or position of the fund to seek benefits for yourself or others other than investors and transfer benefits.
Fourth, it is infringement and misappropriation of fund property;
The fifth is to disclose undisclosed information obtained by taking advantage of his position, and use this information to engage in or express or imply others to engage in related trading activities;
Sixth, engage in investment activities that damage the fund property and the interests of investors;
Seventh, dereliction of duty and failure to perform duties according to regulations;
Eighth, engaging in insider trading, manipulating transaction prices and other abnormal trading activities;
Ninth, other acts prohibited by laws, administrative regulations and regulations of China Securities Regulatory Commission.
Project management risk and its control
1, project portfolio investment
If the private equity fund is large, in order to avoid the complete failure of a single project investment, it is generally necessary to put the funds into different projects, thus forming a project portfolio. If many projects invested by private equity funds belong to different industries, different regions and at different stages of development, the overall risk of private equity funds will be greatly decomposed and reduced.
2. Hierarchical control
Private equity funds can design a risk control system for project management, which can be divided into pre-examination and in-process control. Pre-audit, strictly audit the investment plan and investment agreement submitted by the home page implementation team, and implement it after approval by the investment Committee.
What are the risks of private equity investment? How to control it? Process control refers to private equity funds' off-site monitoring of invested enterprises and participation in major decisions. And urge the invested enterprise to report relevant matters in time, grasp the enterprise situation, regularly produce and disclose relevant financial and market information, and keep relevant original vouchers and materials.
Risks of private equity funds
ethical risk
The organizational structure of private equity fund is a typical principal-agent mechanism. Limited partners hand over funds to general partners for operation, and only make general provisions on the use of funds, and usually do not interfere with the specific operation of fund managers.
In the process of operation, both private fund managers and fund holders pursue the expectation of maximizing investment income. The harder the private fund manager works, the greater the income will be. However, in addition to fixed management fees, private fund managers can also get performance commission fees. When the performance commission fee is greater than the management fee, private fund managers will not adopt the investment strategy of maximizing the interests of both parties, because this choice can not maximize their own interests. On the contrary, it may abuse its power to pursue more personal interests and make the assets of fund holders bear greater risks. Therefore, even if private equity funds have superior incentive arrangements, the moral hazard of agents still exists.
The difference between private equity funds and stocks
1, reflecting different economic relations, stocks reflect ownership relations and funds reflect trust relations.
2. Stocks are direct investment tools, and the funds raised are mainly invested in industries, while funds are indirect investment tools, and the funds raised are mainly invested in financial instruments such as securities.
The depreciation of RMB benefits the following stocks:
1, export foreign trade-related stocks
The depreciation of RMB means that RMB is worthless, other currencies appreciate, and the price of products denominated in RMB drops, which is conducive to exporting foreign trade industries, such as textiles and clothing, toys and household appliances.
2. Stocks with higher foreign debts.
In the case of RMB depreciation, some foreign debts calculated in local currency will rise, which is unfavorable to debtors. Therefore, in the case of devaluation, it is bad for industries with high foreign debt, such as aviation.
3. Chemical Industry Unit
The depreciation of RMB will enhance the competitiveness of chemical exports and lead to the rise of stocks in this industry.
How to buy and sell stocks
The way to buy a stock is to select a stock, then enter the stock code, and then enter the number of shares to buy. The system will match the maximum number of shares that can be bought according to the funds in our account, and then we can buy according to our own ideas. The method of selling stocks is relatively simple. As long as you see that the price of the transaction is right, you can directly throw out the stock, that is, click to hold the stock and then click to sell. Note that A shares are all T+ 1.
Buying and selling stocks requires certain skills, because the price of stocks changes greatly, so we must make changes in time to buy and sell. Generally speaking, if you want to buy, you can buy at a limited price appropriately, so that you can give priority to the transaction. If you want to sell, then you can hang the price limit appropriately, so that you can get priority and sell early.