A Study On Exiting Modes Of Private Equity In China

Private equity is an important way to help resolve the problems of SME financing. Financing, investing and exiting are three essential phases in the operation of private equity. Any problem particularly in exiting phase will affect normal operations of private equity, so exiting modes are essential and reasonable exiting modes can guarantee huge profits and good fluidity.This paper mainly discusses exiting modes of private equity and specifically analysis the problems of private equity exiting. Firstly, assemble relevant theories of private equity, including research findings both at home and abroad and general principles. Meanwhile summarize exiting experience about private equity of major foreign developed countries. Secondly emphasis much about exiting modes of IPO and buyouts with cases well-founded. Lastly analysis the problems of private equity in china, such as simple exiting modes,lack of laws and regulations,imperfect intermediary service system,shortage of professional personnel, and give much advice, including improving the systems of capital market,strengthening relevant laws and regulations,promoting the development of intermediary service system and more personnel trainings. So the paper has great practical significance.