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=== Capital === [[File:Bolsa Mexicana de Valores.png|thumb|[[Mexican Stock Exchange]] in [[Paseo de la Reforma]], Mexico City]] When businesses need to raise money (called [[Capital (economics)|capital]]), they sometimes offer [[Security (finance)|securities]] for sale.<ref name="investopediaCapital">{{cite web |last1=Hargrave |first1=Marshall |title=What Is Capital? |url=https://www.investopedia.com/terms/c/capital.asp#:~:text=Capital%20is%20a%20term%20for,obtained%20from%20special%20financing%20sources.&text=Businesses%20will%20typically%20focus%20on,equity%20capital%2C%20and%20debt%20capital. |website=Investopedia |access-date=21 January 2021 |language=en |archive-date=11 August 2021 |archive-url=https://web.archive.org/web/20210811192131/https://www.investopedia.com/terms/c/capital.asp#:~:text=Capital%20is%20a%20term%20for,obtained%20from%20special%20financing%20sources.&text=Businesses%20will%20typically%20focus%20on,equity%20capital%2C%20and%20debt%20capital. |url-status=live }}</ref> Capital may be raised through private means, by an [[initial public offering]] or IPO on a [[stock exchange]],<ref>{{cite web |title=What is Ipo? Definition of Ipo, Ipo Meaning |url=https://economictimes.indiatimes.com/definition/ipo |website=The Economic Times |access-date=21 January 2021 |archive-date=10 August 2021 |archive-url=https://web.archive.org/web/20210810180034/https://economictimes.indiatimes.com/definition/IPO |url-status=live }}</ref> or in multiple other ways.<ref name="investopediaCapital" /> Major stock exchanges include the [[Shanghai Stock Exchange]], [[Singapore Exchange]], [[Hong Kong Stock Exchange]], [[New York Stock Exchange]] and [[NASDAQ]] (the US), the [[London Stock Exchange]] (UK), the [[Tokyo Stock Exchange]] (Japan), and [[Bombay Stock Exchange]] (India). Most countries with capital markets have at least one. Businesses that have gone public are subject to regulations concerning their internal governance, such as how executive officers' compensation is determined, and when and how information is disclosed to shareholders and to the public. In the United States, these regulations are primarily implemented and enforced by the United States Securities and Exchange Commission (SEC). Other western nations have comparable regulatory bodies. The regulations are implemented and enforced by the China Securities Regulation Commission (CSRC) in China. In Singapore, the regulatory authority is the Monetary Authority of Singapore (MAS), and in Hong Kong, it is the Securities and Futures Commission (SFC). The proliferation and increasing complexity of the laws governing business have forced increasing specialization in corporate law. It is not unheard of for certain kinds of corporate transactions to require a team of five to ten attorneys due to sprawling regulation. Commercial law spans general corporate law, employment and [[Labour law|labor law]], health-care law, securities law, mergers and acquisitions, tax law, employee benefit plans, food and drug regulation, intellectual property law on copyrights, patents, trademarks, telecommunications law, and financing. Other types of capital sourcing include crowdsourcing on the Internet, venture capital, bank loans, and debentures.
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