行业动态

On August 1st deadline to: private borrow qianbao shell, shell price 1.5 million

2016-8-25

Private time come for the new rules, anxiety spreading.

On July 15, “history’s most severe” private collect guide began to implement new rules and contract; On August 1st, can not meet the needs of private new rules on private equity will be cancelled.

On August 1, and with the private “shell” cancellation date approaches, protect shell war in full swing, the private housing prices have increased.

As for those who protect shell never old private, has started using the new contract, they occasionally complain a few words, the biggest worry is just a bit slow process and new rules stumble in practice.

Security shell borrow money

Many private industry, told reporters that a large number of private hoping to catch up before July 15 to complete the contract renewal security shell movement, therefore the recent brokerage, insurance and fund industry of private housing associations often have to work overtime.

“security shell cutoff time is August 1, I am more anxious these days, because we are using the old contract is a contract, it must be completed 15 days before filing, so these days I have to go play money.” Prior to the July 13, is trying to protect shell private person Shili Di (a pseudonym) said.

Last year, Li Di’s company got a license for Industry and Commerce, private sun product release plans, but this year February 5 known as “the most serious” of “further regulate private equity fund managers to register a number of issues notice” issued new regulations to increase the authors’ private equity fund managers registered legal opinion “requirement,” the recent legal opinion by the company, we have been looking for funds in the fight’s first product. “Liddy said.

Recently, Liddy investment in micro-channel group in the hair “to find private housing guarantee funds” message, “I hope to feature up to 500 million to 10 million in funding.”

As a rule, a private equity products, the minimum size of the initial size of 500 million. “The two barely played a few measly amount paid, in addition to one million of its own funds, and the remaining 5 million are borrowed funds, monthly interest rate one point two.” Liddy said, borrowed funds are used for product registration, estimated filing period 3-20 days, “to borrow money for two months is enough, but not immediately after filing the funds transferred funds to recapture some time.”

Liddy introduced its relatively simple way borrow money, “We are the private equity investment fund, subscription products directly to customers on the line, and then we pay interest, and finally the return of principal by way of redemption.”

According to the reporter, “security shell war” before August 1, it is mainly involved in two types of private equity: one is before February 5 Nisshin regulatory announcement no registration yo “shell” private; Another It is after taking into account the actual situation, extended processing time of three months, May 1st batch of “shell” private.

Indeed, borrow money Paul Liddy shell is not the case in the private sector is already common practice.

“August 1 deadline security shell, does allow some private companies a headache, because of poor market conditions, the product is not easy to raise, raised now is not good hair, bad hair more private.” Director of Shenzhen Investment Management Co., Des Valley long Zhaoli Song told reporters, “I know the situation is usually their first private placement to raise some funds to keep the shell.”

A mysterious research director of financial investment into Asia Zhong told reporters, “At present, the Association for insurance Cases private equity funds have a certain product registration window guidance, such as the initial size of the fund assets of not less than 5 million, an investment adviser may not exist, can not be issued structured products. therefore in order to protect the shell, many private equity at more than 10% / year earnings to absorb the funding priority, nominally pure management products issued, but on the back end, security shell and private funding priority has entered into a series of guaranteed income insurance benefits arrangement agreement. ”

“Private placement Shell” minimum 1.5 million

Security shell side is the battle going on, the other side is the shell price rise.

‘Private placement’ shell ‘of the price is 10 million, and had prepared the case, there are products of private placement the shell, Scoop can be more than one million, according to the specific circumstances of the shell has a different price. “A private equity fund company, he told reporters .

In Liddy’s company, for example, under the new regulation of private, Liddy made full preparations, in Paul’s the shell, it is also concerned about the housing market sell.”Our company before did the legal opinion, Maike parties that the price is more than seven million, and some are as high as ten million, while private insurance companies after the shell, such as the product has only completed the first record, I some time ago asked, the lowest price of 150 million or more. “Liddy said.

This expensive it? Shenzhen, a private intermediary industry told reporters, “business registration no money, the legal opinion is generally not more than 50,000 yuan, which means that the cost of private the shell in the six $.”

So why is the price of private placement housing up to 1.5 million?

Liddy simple calculations to reporters, “Our own security this case have spent six or seven hundred thousand. Among them, the legal opinion, the company’s operating cost several Loaning etc. together more than 100,000. then in order to protect the shell, this time the cost of capital spent more than 40 million, plus other costs, total sixty-seven one hundred thousand. ”

“Our company has been operating for two or three years of housing, or clean company, did not come until the account, did not send your product.” Liddy that the company is still relatively good shell resources.

The old general manager of a private placement company also told reporters that the current short supply private placement housing, private housing and some can not be guaranteed in the case of private placement help to consult with a hair product, “If there is not only the product, and with a team of private placement housing, and even some speculation to 15 million. ”

The new contract process is slow

“Estimated before July 15 failed to complete the record of private equity products, have been replaced with a new contract.” Zhong told reporters sub-adult.

Recently, a private industry who deal with a new private placement contract, July 18, he told reporters: “The new contract process is relatively slow, the broker took four days, and today finally finalized, after the printing contract, and then were covered management people, custodian chapter, then you can send the client. Next, in order to play money, set up, for the record, where the new contract also adds 24-hour cooling off period clause, which is again delayed one day. ”

According to the above-mentioned private placement industry insiders, before the old contract better brokerage contract template is automatically generated, the contract quickly, and now the new electronic contract can not be generated automatically, too artificial to do so slowly.

“The new contract has two main effects: a product is to raise private placement preparatory time becomes longer, the slow speed of the contract; the second is a contract there are many new regulations, such as 24-hour cooling off period, to confirm qualified investors, Terms return visit, we actually do not know how to get the operation. “the private placement industry told reporters.

In fact, the reporter interviewed a number of private placement companies have expressed no intention of recent new products.

“One is internal and other brokerages to streamline processes, and second, in the circle waiting to see how other companies do.” There are private placement industry source said.

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根据《私募投资基金监督管理暂行办法》第四章第十四条规定:"私募基金管理人、私募基金销售机构不得向合格投资者之外的单位和个人募集资金,不得通过报刊、电台、电视、互联网等公众传播媒体或者讲座、报告会、分析会和布告、传单、手机短信、微信、博客和电子邮件等方式,向不特定对象宣传推介。"《私募投资基金募集行为管理办法》第二十条规定,募集机构通过互联网媒介在线向投资者推介私募基金之前,应当设置在线特定对象确定程序,投资者应承诺其符合合格投资者标准。前述在线特定对象确定程序包括但不限于:
(一)投资者如实填报真实身份信息及联系方式;
(二)募集机构应通过验证码等有效方式核实用户的注册信息;
(三)投资者阅读并同意募集机构的网络服务协议;
(四)投资者阅读并主动确认其自身符合《私募办法》第三章关于合格投资者的规定; (五)投资者在线填报风险识别能力和风险承担能力的问卷调查; (六)募集机构根据问卷调查及其评估方法在线确认投资者的风险识别能力和风险承担能力。

对冲工场谨遵《私募投资基金监督管理暂行办法》之规定,只向特定的合格投资者宣传推介相关私募投资基金产品并披露相关产品信息。

阁下如有意进行私募投资基金投资且满足《私募投资基金监督管理暂行办法》关于"合规投资者"标准之规定,即具备相应风险识别能力和风险承担能力,投资于单只私募基金的金额不低于100万元,且个人金融类资产不低于300万元或者最近三年个人年均收入不低于50万元人民币。请阁下详细阅读本提示,并注册成为品今资管特定的合规投资者,方可获得品今资管私募投资基金产品宣传推介及相关产品信息披露服务。

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马上登录

合规投资者认证要求

根据《私募投资基金监督管理暂行办法》第四章第十四条规定:"私募基金管理人、私募基金销售机构不得向合格投资者之外的单位和个人募集资金,不得通过报刊、电台、电视、互联网等公众传播媒体或者讲座、报告会、分析会和布告、传单、手机短信、微信、博客和电子邮件等方式,向不特定对象宣传推介。"《私募投资基金募集行为管理办法》第二十条规定,募集机构通过互联网媒介在线向投资者推介私募基金之前,应当设置在线特定对象确定程序,投资者应承诺其符合合格投资者标准。前述在线特定对象确定程序包括但不限于:
(一)投资者如实填报真实身份信息及联系方式;
(二)募集机构应通过验证码等有效方式核实用户的注册信息;
(三)投资者阅读并同意募集机构的网络服务协议;
(四)投资者阅读并主动确认其自身符合《私募办法》第三章关于合格投资者的规定; (五)投资者在线填报风险识别能力和风险承担能力的问卷调查; (六)募集机构根据问卷调查及其评估方法在线确认投资者的风险识别能力和风险承担能力。

对冲工场谨遵《私募投资基金监督管理暂行办法》之规定,只向特定的合格投资者宣传推介相关私募投资基金产品并披露相关产品信息。

阁下如有意进行私募投资基金投资且满足《私募投资基金监督管理暂行办法》关于"合规投资者"标准之规定,即具备相应风险识别能力和风险承担能力,投资于单只私募基金的金额不低于100万元,且个人金融类资产不低于300万元或者最近三年个人年均收入不低于50万元人民币。请阁下详细阅读本提示,并注册成为品今资管特定的合规投资者,方可获得品今资管私募投资基金产品宣传推介及相关产品信息披露服务。

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