The Research Of Regulation Of Private Placement Fund In China

Private placement funds are a kind of securities investment funds, is a relative concept of Public Offering Fund, and its legal relations are the substance of the Trust.The private placement fund offsets the defects of the public placement securities,which is the result of the development of the market of security .Though our private placement fund is not the absolutly according with the definition in the developed country ,they are same in essence.nowadays the private placement fund has already become a important force in the capital market. we should guide and regulate its development by law.It is not correct for some press to call the private placement fund unleagle fund or undergroup fund.The classic character of it is privately publiced.Under no specificed circumstance ,the private placement fund is not good or evil in itself. It is determined by the regulatory system.This text defines it, Studies the development of domestic and foreign private equity funds and supervision,and analyzes the challeges and opportunities .In order to solve those problems ,auther proposes the guideline of regulation which includs the aim,principles and specific mechanisms.The first part is intruducing the definition ,forms and its difference from the public fund so that to set the theretic basic for the next. Then we can draw a conclusion that the leagle relationship of the private placement fund is trust through the Analysis of itsrelationship and its obejects.thirdly auther analyzes the supervision systems aroud the world.we can learn the concensus and the experience.finally, we can pefects the regulation of the private placement fund in principles,institute,specificed mechanism and so on .To sum up, we should strengthen the supervision of it especially in the finacial crisis.