What is a small public offering?

Small public offering refers to the public offering of corporate bonds to qualified investors, which is only two words different from the full name of Dagong. Although small-scale public offering is only issued to qualified investors, it still belongs to the category of public offering.

What's the difference between public offering and small public offering?

There are differences between large-scale public offering and small-scale public offering mainly in the aspects of issuing objects, issuing difficulties, trading methods and trading places.

① The issuers are different: the qualified investors are small-scale public offerings. The object of distribution is public offering.

② The difficulty of issuance is different: the approval process of public offering is more complicated and stricter than that of small public offering.

(3) Different trading methods: After Dagong is listed, public investors can participate, and both bidding and agreement trading methods can be used. If one of the following conditions is not met, it shall be carried out by agreement.

④ Different trading places: The corporate bonds issued by the company shall be listed and traded on the legally established stock exchange.