The Study On The Development Of Privately Offered Fund Of China

The Privately Offered Fund that embody by Hedge Fund is growing rapid and being mature in the main developed countries. It cannot only be seen as an important financial product or investment tool, but can also be seen as a financial institution with high efficiency. As an organizational investor, privately offered fund has been an important investment corpus in stock market and transaction corpus in other financial market.On the background of the economic globalization and international movement of capital, The Privately Offered Fund of China that pregnant by market absorbs the attentions more and more. After the experience of a lot of controversy, the legitimating of Privately Offered Fund is supported by the deep reform of stock market and the loosen of policy. We are looking forward to meeting the development of Privately Offered Fund.The legalize development of Privately Offered Fund cant not only enriching the market investment tool, changing the structure of market competition, reducing the transaction costs, taking precautions against financial risk, but also doing good to the development of stock market and national economy. In particular, the property right base of Privately Offered Fund may become the important corpus of our system vicissitude. This is the special significance of the development of Privately Offered Fund, on the history process of social change and economic transition in China.Based on the development law of Privately Offered Fund of overseas, this paper reviews the running orbit of Privately Offered Fund of China, tries to quest the motivate system of its institution change, analyzes its economic effects and summarizes the key problems of Privately Offered Fund of China. There are four sections consisting this paper. Chapter one, definition and general introduction of Privately Offered Fund, summarize the history process and...