2012年5月底,上交所和深交所各自出台了关于中小企业私募债券(以下简称私募债)的《试点办法》和《业务指引》(深交所的为《业务指南》),证券业协会也出台了相关规则,这为中小企业提供了一条新的融资途径,有利于缓解部分中小企业融资难的问题。私募债正式运作以来,笔者经办了和正在办理若干个私募债项目,办理过程中积累了一些经验,现就私募债 At the end of May 2012, the SSE and the Shenzhen Stock Exchange each issued a “Pilot Scheme” and a “Business Guide” for SME Private Equity Bonds (hereinafter referred to as the “Private Equity Bonds”). The Securities Association also promulgated Relevant rules, which provide a new financing channel for SMEs, will help alleviate some SME financing difficulties. Since the formal operation of private debt, the author has handled and is in the process of handling a number of private debt projects, and has accumulated some experience in the process. Now,