并购基金应考虑交易的必要性和合理性、并购基金收购标的企业是否与上市公司认购并购基金标的企业属于一揽子交易计划、上市公司未直接收购标的企业的原因、并购基金收购标的企业与上市公司收购标的企业作价的依据、上市公司发行股票认购并购基金所持标的企业股权时股票定价的合理性。在“上市公司与私募基金合作”模式操作之后,允许通过设立股权投资基金、创业投资基金、产业投资基金、并购基金等形式参与兼并重组。此后,上市公司与私募基金合作并购基金发展如火如荼,而一系列监管措施也紧随其 Merger and acquisition funds should consider the necessity and rationality of the transaction, the merger and acquisition of funds whether the subject of the acquisition of listed companies and M & A funds listed companies belong to the package deal plan, the listed company did not directly purchase the subject of the reasons for the mergers and acquisitions fund acquisition of listed companies and the acquisition of listed companies The pricing of the underlying enterprise, the pricing of the stock when the listed company issues shares to subscribe for the equity of the enterprise held by the M & A fund. After the “cooperation between listed company and private equity fund” mode of operation, it is allowed to participate in the merger and reorganization through the establishment of equity investment funds, venture capital funds, industrial investment funds and M & A funds. Since then, listed companies and private equity fund mergers and acquisitions fund in full swing, and a series of regulatory measures are also followed