Private placement is one of important equity financing instruments of public companies.

非公开发行是上市公司股权再融资的重要手段之一。

We find that the short-term performance of private placement equity is better than that of convertible bond issuing.

研究结果发现，在控制其他因素的条件下，定向增发新股的短期市场绩效显著好于可转换债券。

Private Placement of a listed company is the preferred means of financing in a period of time. Private Placement has showed its unique advantages.

定向增发作为一种再融资手段自其诞生以来，就显示出其独特的优越性。

Comparing with public funds, private placement funds have many advantages, such as non-public offering, flexible mode of operation, low-establish cost.

它与公募基金相比，具有非公开发行、运作方式灵活、设立成本低廉等优点。

The fourth section discusses how our country defines the offeree on securities private placement system in the underway situation about the private placement market.

第四部分讨论了在私募市场刚刚起步的情况下，我国应当如何界定证券私募制度中的应募人。