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Research On Qualified Investor System In China

Posted on:2017-05-07Degree:MasterType:Thesis
Country:ChinaCandidate:X Y HuangFull Text:PDF
GTID:2206330503465179Subject:legal
Abstract/Summary:PDF Full Text Request
Private offering in China has been wandering between the facts and norms, accredited investors system is also trying to construct in the exploration. This paper mainly discusses how to construct and perfect the system of accredited investors.First, the article discusses the value basis of accredited investors system. Then analysis the accredited investors system of America, Britain, and Japan and Chinese Taiwan region, summed up the accredited investors recognized standards. After that, from different legal levels and areas comb our country’s accredited investors systems, pointing out the existing problems. Finally, combined with China’s national conditions and market degree, try to propose superficial advices about how to improve the accredited investors system.This paper is divided into three parts, introduction, text and conclusion. The text consists of four parts.The first part is introducing the value basis of accredited investors system, including the concept of accredited investors, the origin of accredited investors system and the value of this system. Accredited investors refer to the investors who have the ability of risk identification and risk taking. This system is well balanced in protect the interests of investors and convenient corporate financing.The second part is study on accredited investors system in extraterritorial, mainly related to the American, Britain, and Japan. Through a comparative analysis, we found that these countries (regions) judge the accredited investors always using the same index, is investment experience, special relationship, and wealth. Also the legislative process of these countries (regions) are not plain sailing, they are through the process of repeating amended and adjustment. All the experience is valuable for us to learn.The third part is to comb the current legislation system of accredited investors, and on this basis, points out the existing problems. In the process of comb legislation, I select the representative regulations from different levels and different fields to overall display our country’s accredited investors system. Based on the legislative review, we see that current legal system exist questions in the legislative technology and content, mainly include the scattered legislation and standards are not uniform, and the rules and regulations lack of detailed specifications.The fourth part is proposing some suggestion about how to perfect our country’s accredited investors system. In the legislative process, put the balance protect the interests of investors and convenient corporate financing as the starting point. In the legislative mode, integrate the existing specification, unified legislation. In the detailed rules, setting the scientific wealth standard and strengthen the investigate obligation about accredited investors. On the supervision, adopt the way of government appropriate supervision and combine with the supervision of industry self-regulatory organization...
Keywords/Search Tags:Private Offering, Accredited Investors, Protect Investor’s Interests
PDF Full Text Request
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