Types of Investors
Investors invest cash to buy some assets to expect access to natural and legal persons of interest or profit.
- Strategic investors
- Securities Investor
- Institutional investors
- Individual investors
- Fund investors
- Government investors
- Angel investors
Investors invest cash to buy some assets to expect access to natural and legal persons of interest or profit. The generalized investors, including shareholders, creditors and stakeholders. Investors narrowly refers to the shareholders.
In the financial markets , the so-called investors in the financial transaction to acquire the financial instruments, financial capital of all individuals and institutions, including the deposits of people funded human GEM investorsVerification when called investors. Investors generally have the characteristics of personal inclinations were conservative trading fundamental analysis-based risk load is small, less dependent on information.
Strategic investors to comply with national laws, regulations and requirements, and the issuer has a partnership or cooperation intention and potential, and are willing to request, in accordance with the issuer to subscribe for the signing of the legal person of the strategic investment in the Placing Agreement with the issuer; and the issuance of corporate business closely linked, and wants a long-term holding of legal persons for the issue of company stock. Of the introduction of strategic investors in the IPO, allowing strategic investors to participate in the issuance of new shares of the issuer purchase. The lead underwriter is responsible for determining the general institutional investors, each issuer given its strategic investors a clear detailed definition of the stock issue announcement.
Securities investors securities market of the capital providers, institutional investors and individual investors . A large number of investors in securities to ensure the continuity of the issuance of securities and transactions, but also an active stock market trading securities investors to obtain the interest , dividends or capital gains for the purpose of buying securities institutions and individuals. Institutional investors, securities companies , mutual funds and other financial institutions and enterprises , institutions , social organizations , etc..
The broad sense refers to the specialized portfolio investment activities of legal entities with their own funds or funds raised from the hands of decentralized public . In Western countries, the portfolio income of its main source of income of securities companies, investment companies, insurance companies , all kinds of welfare funds, pension funds and financial consortium, commonly referred to as the institutional investors. One of the most typical institutions is a mutual fund specializing in securities investment. ,
Institutional investors in China are mainly securities self-agency securities proprietary business qualifications , in line with relevant state policies and regulations of all types of investment funds.
Institutional investors typically have a centralized, professional characteristics, and pay more attention to rational investment and long-term investment.
Generally speaking, the stock holders of individual investors and institutional investors in the early development of securities market, market participants are mainly individual investors, that is, a natural person to engage in stock trading investors. The general shareholders means a natural person to engage in stock trading investors.
Fund investors that the fund share holders , investors of the fund, the owner of the assets of the Fund and the Fund's investment income of the beneficiary. In accordance with the provisions of the Securities Investment Fund Law (hereinafter referred to as the "Securities Investment Fund Law"), our fund investors have the following rights: share of the fund property involved in the residual fund property after the allocation of liquidation according to law to transfer or apply for redemption back to its holdings of fund shares , based on the requirements to convene the fund share holders' meeting , the fund share holders' meeting to consider the matter to the exercise of voting rights, access to fund information disclosed by the replication profiles, fund managers, fund custodians, the behavior of fund share offering agency to prejudice its legitimate rights and interests according to law litigation .
Government investors investments in securities of government agencies. Government agencies, the main purpose of the securities investment in order to obtain the interest, dividends and other investment income, but for the transfers surplus and deficiency of capital and the implementation of open market operations, carry out macroeconomic regulation .
Angel investors (Angel Investor in Europe known as the "Business Angle", or referred to as the "Angle"), individuals with a lucrative income and start-up capital for start-ups. Investment of angel investors usually require access to the equity capital of the invested enterprise. And venture capitalists, angel investors are generally not by way of funds under management by professional managers to run their angel capital, angel investors, through self-organized into angel investor networks or angel investor groups, and then to The network put in the Angel capital and the share to invest in research results.
Venture capital bears a high risk, so it requires the return will be very high. Most angel investors will lose all the money because of the bankruptcy of start-ups, professional angel investors usually requires five years at least equal to the principal amount of the investment income of more than 10 times, and have a clear exit mechanism, or by invested enterprises issued by public offering (IPO), or acquired by the invested enterprise. Took into account the losses of unsuccessful investment funds to make up a successful investment and waiting for the ultimate success of the time cost of a successful investment projects, a typical angel investment portfolio investment rate of return should be 20% -30% . Although the angel high return on investment demand angel investors to become a very expensive source of capital, but those cheap way of financing such as bank loans for enterprises in the start-up period is usually impossible to get.
A lot of angel investors is a retired business owners or managers, interested angel investors may not only be limited to mere financial return. Other reasons may include the desire to keep up with the times, to provide guidance for the new generation of entrepreneurs, or "retired", that is no longer full-time investment in an enterprise, but still want to use their experience and network of relationships the development of their portfolio companies. Therefore, angel investors to start-ups to provide valuable management advice and important relationships.
According to the statistics of the University of New Hampshire Center for Entrepreneurship, 2005 a total of 225,000 active angel investors. Since the late 1980s, angel investors are beginning to self-merged into informal groups purpose is to share the investment projects, investment projects, research results and integration into the personal funds with a larger investment funds. Angel investor groups are generally regional organizations, from 10-150 a day after the certification of investors to invest in start-ups interested. In 1996, the United States by about 10 angel investor groups, in 2005, has been developed to more than 200. In January 2004, the non-profit nature of the Angel Capital Association and later the Angel Investment Education Foundation have been established under the auspices of the Ewing Marion Kauffman Foundation, which makes the 100 most active angel investor groups gathered to. Angel Capital Association and Angel Investment Education Foundation to hold a summit, the leaders of a number of angel investor groups will come together to exchange experiences in a different city each year .
In 2004, 18.5 percent of the early screening of investment projects has been the investment of angel investment groups, higher than the rate of 10% in 2003, basically in the historical average. Considered an early screening process, angel investment enterprises accounted for only 0.5% -1% of all enterprises that apply for an angel investment (but still higher than the risk of investment rate of 0.2% -0.25%). In 2004, about 45,000 U.S. angel investors, the average financing of $ 469,000 dollars. The majority of angel investors to invest in high-tech enterprises, the largest category is the software industry.