there are two kinds of ingredients: individuals and institutions.

individuals: individual investors directly hold the share of equity funds and complete industrial and commercial registration. Therefore, such investors are actually very open and transparent. As long as it is an equity investment fund that invests in a single target, you can see the name of the investor from the industrial and commercial registration information.

institutions: as the name implies, institutional investors. Holding shares of equity funds in the name of the company. It is the main investor of most equity funds. Local governments, large companies, small companies and so on. A company will become an institutional investor when it grows to a certain scale. For example, Tencent, Ali and JD.COM all have their own funds. They have benefited many investment funds during their growth, and now they will become institutional investors when they have money. Local governments, typically Hefei City, take the lead in setting up investment funds, actively attract investment, become institutional investors themselves, and introduce enterprises with industrial thinking in the wave of new energy, making big profits.

In short, both individual investors and institutional investors should make it clear that equity investment is a high-risk investment with great uncertainty. The bigger the storm, the more expensive it is, but whether you can catch fish. It is an important consideration for the management ability and resource ability of equity fund managers.