The Development Of China's Private Equity Funds And Supervision Of Risk

As a type of informal financing, private placement fund has been distinguished with other investment funds for the characteristics of flexibility, limited information disclosure and high rate of return. Recently, based on high domestic economic growth rate, private placement fund, which origins from listed companies, individual investors and foreign hot money, is spurring a sudden increase in Chinese stock market, industry investment and private equity investment fields. Due to its short record and unique macro-economic environment, it demonstrates special features in present stage. This thesis focuses on three key points: how to maintain the sustainable development for private placement fund, how to build the risk management system and how to architecture the external supervision system.The thesis aims at what an efficient and effective supervision system could be built based on analysis of contemporary features at the stage. Combined with analysis of the hedge funds, private equity funds and venture capital's present situation, private placement fund supervision system is proposed from four aspects of legislation, administrative regulation, risk control and organizational management.