A Study On The Current Status And Prospects Of China-Private-Fund On Securities

In the past 50 years, the private securities investment fund, that is called the hedge fund hi the US, has been a new investment tool with great popularity. It has brought profound changes to the way and idea of conducting financial investment activities, and even the global financial system. It also has been playing an important role in the modem capital market. With the development of the capital market in China, especially the stock market, a number of private funds have grown steadily and have become an important force hi the stock market. However, the private fund , with the lack of protection and supervision by the law, has brought not only something new but also some unrest into the stock market. This paper grasps the hot spot of today'stock market in China, combines market stability with its development, and focuses on the theme A Study on The Current Status and Prospects of China Private Fund on Securities, with thorough, systematic and practical discussions.The paper consists of four chapters: the first chapter illustrates the concept, kind, origin, present situation, and characteristics of the private investment fund, and depicts in detail the differences between private and public investment funds; the second chapter, through the analysis of the operating ways of the private securities investment fund in China, expounds the positive and negative impact of the private investment fund upon the stock market in China, shows that the emergence of the private fund is the demand of the market development and that legalization is the development trend, and discusses the business operating ways of the private investment fund on the basis of legalization; the third chapter, through the analytical study of the case LTCM and of American supervision system, makes discussions on the legal supervision system for the future steady development of the private investment fund in China; the last chapter presents a series of practical ways of capital management, and policy suggestions for the development of the private securities investment fund.