Chapter 6, section 4. (New knowledge points)

(1) Private equity funds are sold in the form of private placement, targeting specific investors, who often have high risk tolerance and a large amount of funds involved by a single investor.

(2) Public Offering of Fund can be sold to the public with uncertain target and low investment, which is suitable for small and medium investors. Due to the large number of investors who participate in the public offering of funds, they are subject to stricter supervision and require higher information transparency.