21岁的霍白毅目前就读于南京工程学院社会工作专业。2012年初，他成立了一家传媒公司，同年三月他开始办理注册手续。

Huo Baiyi, 21, is a social work major at Nanjing Institute of Technology. He set up a media company in early 2012 and started the registration process in March.

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私人募集是指公司向私人投资者发售公司股份，其注册手续没有公开发行股票所要求的那么冗长。

Private stock offering is a reference to the sale of corporate shares to individual investors without the lengthy registration process required for public offerings.

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通过豁免注册手续，144a条例显著提高了美国机构投资者买入外国公司证券的机会。

Institutional investors to buy in the securities of foreign companies through the exemption of registration procedures.

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