First, the definition of financing.
Financing refers to the monetary transaction means to pay the purchase price exceeding cash, or the monetary means to raise funds for the acquisition of assets. Financing in a broad sense refers to an economic behavior in which funds flow between holders to make up for the shortage. This is a two-way interactive process of funds, including the integration of funds (source of funds) and the withdrawal of funds (use of funds). Narrow financing only refers to the integration of funds.
Second, the definition of legal fund-raising.
Legitimate fund-raising means that companies, enterprises, organizations and individuals raise the required funds in the capital market in accordance with the conditions and procedures stipulated by relevant laws and regulations through public offering of securities or financial leasing, joint ventures, joint ventures and enterprise fund-raising.
Third, the definition of illegal fund-raising.
Illegal fund-raising refers to the behavior that a unit or individual raises funds from the public by issuing stocks, bonds, lottery tickets, investment fund securities or other creditor's rights certificates without the approval of the relevant departments in accordance with legal procedures, and promises to repay the principal and interest to investors in cash, in kind or in other ways within a certain period of time.
Fourth, the difference between financing and fund-raising.
1. Financing refers to financing, and fund-raising refers to cooperative investment or capital accumulation.
2. Financing behavior is supported and protected by law, but fund-raising is illegal and legal.
3. Fund-raising can be divided into illegal fund-raising and legal fund-raising, which can also be called financing.
Cases of illegal fund-raising:
20 15 major cases represented by e-rent treasure and pan Asia, involving tens of billions of yuan, affecting millions of people and involving most provinces in China.
20 17 Qian Bao net.
2065438+June 2008, Finance Tang.
Financing case:
China Engineering Co., Ltd. A-share IPO financing case, Mengniu Dairy H-share IPO financing case, China Industrial and Commercial Bank A+H-share simultaneous listing financing case, etc.
Extended data:
Illegal fund-raising has the following characteristics:
1, illegal. The difference between illegal fund-raising and "absorbing funds from the public in violation of national financial management regulations" lies in "without the approval of relevant institutions"
2. Sociality. The object element of illegal fund-raising is that social unspecified objects absorb funds. Issuing stocks, corporate bonds, etc. without authorization. It has a bad influence on social economy and finance and is subject to stricter supervision. At the same time, it also constitutes a crime to distribute more than 200 people to specific targets.
3. openness. This is contrary to social characteristics. It means open to unspecified objects, not to all the public.
4. Induction. Why are illegal fund-raising repeatedly banned, and many people still fall for it? It is precisely because illegal fund-raising takes advantage of human greed to trick investors into financial management, returns, investment and other economic behaviors that promise high returns.