The Legal Study Of The Exit Mechanism Of Private Equity Trust Funds Under Global-view

The study suggests that continuous improvement and perfect of private equity trust fund exit mechanism is crucial to ensure the right development of Chinese private equity trust fund in modern international capital market.As one type of private equity fund, private equity trust fund is necessary consequences of social economics development. So far, academic studies pay most of attentions to private equity limited partnership fund, but very little research has been carried out to target private equity trust fund. In order to enrich knowledge about the exit mechanism of the private equity trust fund, this study analyses the proposition in the following aspects:Firstly, knowledge about private equity trust fund in terms of conception, system and running mode, is explained and discussed.Secondly, we expound exit mechanism of private equity trust fund, including definition, importance and functions. This part establishes the theory basis of the following part.Thirdly, the study summaries international main running mode and exit mechanisms of private equity trust fund. Through the investigation of this part, it establishes the international viewpoint basis of the following analysis.Fourthly, legal obstacles of private equity trust fund exit mechanism in China is deeply analyzed in contrast to international general methods. In this part, it also analyses some examples of exit mode operations from micro-viewpoint, and investigates the exit strategy.The last part suggests some improvement and perfect of private equity trust fund exit mechanism in terms of legal system under macro global-view.