International Perspective Research Of China Private Equity Investment Development Strategy

As an innovative financing mode, private equity has globally form a huge industry which created significant economic benefit and its achievement is remarkable. In the globalization of economy nowadays, the development of private equity funds play an important role to maintain financial market stability and cultivate multi-level capital markets, widen SMEs' financing channel, improve corporate governance structure, raise funds utilization efficiency and promote the upgrading of the industrial structure. Three private-equity fund markets in North America, Europe and Asia drive global private-equity fund industry's development, it has formed a set of scientific, standardized, integrated operation mode which has be recognized in the world. China's private-equity starts late that international private equity fund entered in China in 2004. After that the local private equity gained quick development of which size and performance is astounding. In our country, private-equity market both have foreign private equity fund and the local RMB private equity funds, also including Sino-foreign joint venture private equity funds. In 2006, China private equity market was rated the most active private equity market in Asia. In 2009, the list opening widened private equity funds exit channel which achieved the domestic exit. This is important turning point of our country private-equity investment development. As the global economic crisis constantly subsidizing in China, many multinational companies have not stop expanding in China private equity market investment that private equity market shows unprecedented vigor in 2010. But there are still many development obstacles and contradictions. Therefore, to explore a China's private equity fund development path has an important practical significance.This paper based on the basis of research at home and abroad, taking the method of combining theory with practice, beginning from private-equity concepts and features and application of the related theory, and analyzing the private-equity investment operation mechanism, establishing incentive mechanism model to analyze factors affecting fund managers behavior in the process of operation; From the international perspective, taking the developed countries private-equity successful experience as reference, elaborated on China's private-equity investment development necessity and realistic conditions; Analyzed current development and barriers or restriction factor in private-equity investment development process, and made discussion of the causes for the problems; With China's national conditions and basis for the realistic situation of private equity investment, this paper elaborates overall thought and aim of China private equity development, and puts forward for the development of China's private equity investment strategy system and supporting measures, stresses the need to build gem direct delisting system; According to the management performance using private equity or expand increased stake managers reward way to inspire managers'enthusiasm to achieve maximum utility; Also offered to further strengthen our country social credit system construction, establishes the information disclosure system to promote the development of China private equity investment.