Research On China's PE Exit Mechanism

Successful exit from the investment target program is the final step of a capital investment circle, so PE investors attach great significance to PE exit. In the past years China has witnessed dramatic growth in PE market and buoyant exit practice as well. But during the development of PE exit, new problems and difficulties also incurred.So this paper takes great effort to explore the PE exit status quo and the relevant legal environment in order to address the current issues in PE exit. This paper includes four chapters:In the first chapter, fundamental concepts of PE and the significance of PE exit are introduced.In the second chapter, efforts are made to explore the particular exit channels and the current PE exit situation.In the third chapter, the legal environment is analyzed from the angle of PE organs, capital market, and judicial practice. Interpretations of the draft amendment of the Investment Fund Code are also given in this chapter. In the last chapter, constructive suggestions are proposed involving diverse PE exit portfolio and sound capital market in order to improve the efficient PE exit channels.