Private Placement Of Securities Issued Legal System

Securities private offering is the principal element in today's world capital market and has become an indispensable investment and financing way in economic development process of every nation. For recent years, golable securities private offering has assumed the trend of accerlerated develoment and played more and more impornent roles in the economic field.Securities private offering, stemming from America, complements and corresponds with securities public offering. For the reasons that its operation can save financing offering cost, supervision cost, eliminate the phenomena of dissymmetrical information, possess high flexibility and confidentiality, embodying rapid financing efficency in capital market, securities private offering has been widely used in many countries and regions. However, the two sides of every thing decides that mere is disadvantages in the securities private offering. For the experienced investors and not easily negotible, the private offering approach makes the investors face high investment venture and when the ventures happen, the stability of securities market will also be influenced Therefore, every country and region supervise this offering way when establish the validity and found related comparatively completed legal system with their own characteristics in the long time practice and exploredHowever, as far as China concerned, in the early period of reform and opening to the outside world, the competent legislatures and supervision organs didn't place enough emphsis to this approach and the private offering market being orderly supervised and formulated had not been formed But there is a lot of private offering capital among the people and it is imperative to solve many historical remains problems in the practice. Currently, in the period of vigorously develop capital market, our country made tremendous efforts to explore private offering. Although the systematic private offering lagal system with commonness...