A Legal Analysis Of The Liquidation Of China 's Private Equity Funds

Private equity fund is an investment combination tool of focusing on investment in equity it’s an increasingly large proportion in the capital market,Generally speaking, the private equity investment funds ’main purpose is not in order to get the right of management and control of the enterprise,but hope to obtain the maximum benefit in the shortest time. Therefore, private equity’s exit is the last and most important procedure, the smooth of it’s exit affects income and how much capital circulation speed.Although China’s private equity investment is developed rougly,there are many problems about liquidation exit mechanism, this paper is mainly elaborating one of the liquidation exit mechanism analyzing private equity fund liquidation the present situation 、 foreign private equity fund liquidation, and finally make out few Suggestions.The article contains five chapters. The first part introduces the study background and it’s significance, emphasize the importance of private equity fund liquidation,Smooth liquidation exit mechanism is the key to maintain the flow of capital to further the rational allocation and adjustment of social resources, and to make better stable and sustainable industry’s order, The second part: analysis of liquidation’s the status quo about private equity investment,introduces the concept,and characteristics of private equity fund,The third part analyzes the private equity investment ‘existing problems in the process of liquidation: preferred stock system to be further improved,hardy bankrupt. The fourth part: analysing the characteristics of the withdrawal system present situation at home and overseas,Analysis of foreign private equity funds investment liquidation exit status, liquidation exit mechanism and the characteristics of our country can draw lessons from them legislation and practice.The fifth part: put forward the construction s the system of China private equity fund liquidation and perfect the legislative, Including a multi-level capital operation system,improvement and private equity exits liquidation laws,change strict doctrine concepts,setting up personal bankruptcy system,in particular to build a complete system and compulsory liquidation bankruptcy system,and so on. I hope that those suggestions can perfect exit mechanism of the China’s private equity fund liquidation...