It's a completely different concept.

Public funds and private funds are classified according to the method of fund raising.

Open-end funds and closed-end funds are classifications of public funds based on their open redemption status.

So the logic is this, funds can be divided into public funds and private funds, and public funds can be divided into open-end funds and closed-end funds.

Let’s introduce the four concepts you mentioned.

Public Offering of Fund (Public Offering of Fund) is a securities investment fund that is supervised by the competent government departments and publicly issues benefit certificates to unspecified investors. Under the strict supervision of the law, these funds have information disclosure, profit distribution, operation restrictions and other industries.

specification.

For example, the current closed-end funds in the domestic securities market are public funds, and the open-end funds that you buy from major fund companies with relatively low minimum subscription amounts are also public funds.

Private equity funds, known as Private Placement abroad, are a financial concept corresponding to public offering funds (Public Offering). They are a kind of collective investment that is not publicly promoted and privately raises funds from specific investors.

The funds raised may be invested in various financial objects, such as equity, stocks, commodity futures, financial derivatives, etc.

Generally speaking, private equity funds are targeted at a small number of specific investors, and the threshold for these investors is generally high. The amount of funds involved must be of a certain scale, such as more than 1 million yuan, and its purpose is to obtain joint investment,

***Enjoy the benefits, of course, but also include the risks.

Open-end funds (Open-endFunds) mean that when the fund sponsor establishes the fund, the total size of fund units or shares is not fixed. Depending on the needs of investors, fund units or shares can be sold to investors at any time, and can be sold to investors at any time.

A fund operation method that requires the redemption of outstanding fund units or shares.

Investors can either buy funds through fund sales agencies, resulting in a corresponding increase in fund assets and scale, or they can sell their fund shares to the fund and receive cash back, resulting in a corresponding decrease in fund assets and scale.

Close-end funds (Close-endFunds) mean that the sponsor of the fund limits the total amount of fund units to be issued when establishing the fund. After the total amount is raised, the fund is declared established and closed, and no new funds will be accepted within a certain period of time.

invest.

The circulation of fund units takes the form of listing on the stock exchange. Investors who want to buy or sell fund units in the future must conduct bidding transactions on the secondary market through securities brokers.