After the feedback of private debt, the process is to carefully review after acceptance, and feedback the problems existing in the review to the applicant company. The feedback of private placement refers to the investment funds raised from qualified investors in the form of non-public offering and invested in stocks, equity, bonds, futures, options, fund shares and other investment targets (such as works of art, wine, etc.). ) stipulated in the investment contract, referred to as private equity fund. Government, financial institutions, industrial and commercial enterprises, etc. When issuing securities, different investors can be selected as the issuing targets, so securities issuance can be divided into two forms: public offering and private offering.