| The word of “private placement” has become a focus in societyagain with the issuance of the latest remedied <Securities Investment FundLaw of the People’s Republic of China> on December12th,2012. Comparedwith China, legal identification for private placement in USA has been acomplete and mature system, with the requirements of both specific investorsand specific way of placement, which makes the identified private placementcan be applied to a system differed from public placement. The gist of thispaper is to clarify the concepts and characteristics of private placement, toanalysis American Law, and finally give a suggestion on how to perfect privateplacement legal identification with China’s current concrete situation ofregulations in consideration. |
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