Private placement fund refers to a securities investment fund that raises funds from specific investors in a non-public way and invests in specific objects. Private equity funds are recruited by means other than mass communication. Sponsors raise non-public diversified main funds to set up securities investment funds. 20 14 12 3 1, in the insurance industry, with the pace of 20 15, the detailed rules for the use of insurance funds follow closely. On the eve of New Year's Day, the China Insurance Regulatory Commission approved the establishment of a private insurance fund to support the development of small and medium-sized enterprises. On February 23rd, 20 15, 17 commercial banks were disqualified as private fund managers. Caixin According to the report of China Asset Management Network, a number of commercial banks have received the notice from the window of China Banking Regulatory Commission, and the regulatory authorities will revoke their registration qualification with China Asset Management Association according to law.

1. A securities investment fund refers to an investment tool for securities investment, which is managed by a fund manager and entrusted by a fund custodian. In the form of portfolio, fund share holders enjoy the benefits and bear the risks according to their shares. Securities investment fund is a way to raise funds for securities investment. The main way to raise funds is to issue fund bonds to investors, and pool the small funds scattered by many investors into large funds to invest in securities such as stocks and bonds. Securities investment funds use trust relationships to invest in securities. The so-called trust is the act of entrusting my property to a trusted third party to manage and use it according to my requirements. Investors entrust their property to a professional institution for securities investment, which is their trust. The institution manages and invests in accordance with the requirements of investors and distributes the proceeds to investors. Obviously, this is an act of trust. Securities investment fund is an indirect way of securities investment. After investors buy fund shares, the fund invests its own property in the securities market. Obviously, investors' securities investment is indirect. Therefore, investors cannot participate in the decision-making and management of the company's issuance of securities.

2. Fund property is the property formed by the investment of fund investors. This is the main body of the legal relationship of securities investment funds. Fund investors enjoy corresponding fund shares due to their investment in the Fund, and fund investors or fund share holders enjoy corresponding rights and assume corresponding obligations for fund assets according to the fund shares.