Funds use the money of ordinary people to buy stocks, but where do brokers get the money to buy stocks?

Brokers' money belongs to private placement, and funds belong to cemeteries, which are different in nature.

Private equity funds belong to the nature of collective transactions of retail investors, and are not regulated by the CSRC when trading, so private equity can also be called hot money, because the amount of funds is large and the shipment is very low-key!

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