On The Accredited Investors Systemof Pirvate Equity Fund

In this paper, the development of accredited investorlegal system is the maintopic.It starts from the concepts related to accredited investors legal system. Then itbegins to explore the need for accredited investor legal system. After that, accreditedinvestor legal systemin the United States and Britain are the target for analysis.Summarize the comparative analysis with its course of development as a context, thispaper pointed out the accredited investor criteria. China’s private funds accreditedinvestor system development has to collate the relevant legal norms. Combined withrelevant management experience in the U.S. and Britain, this paper have focused onChina’s private funds accredited legal system and made some legal recommendations.This paper is divided into three parts. It respectively focus on private equity funds,discussed the basic concepts of the private funds accredited investor system; theUnited States and Britain private funds accredited legal system development processand system construction; China’s private equity fund accredited investor legal system,it institutional deficiencies and suggestions for improvement.The first part starts from private equity, funds, qualified investors, qualifiedinstitutional investors, which are all a few basic concepts. This givesa clear object ofstudy to construct a basis for discussion below. Then explore the institutional privateequity funds’ need for accredited investors, namely private equity accredited investorlegal system in protecting investors’ interests, and play an important role in promotingthe healthy development of the capital markets.The second part selected the accredited investor legal system in the U.S. and theUK system as the sample for study. Their historical processes of development as aclue, respectively, this paper analyze accredited investor legal system of the U.S. andthe UK. From experience and problem of the U.S. and the U.K., this papersummarizes theaccredited investor criterion and propose to find out why identify itsinstitutional status quo is so constructed and its historical motivation.The third part will combine theory and practice, undergo a the specificinvestigation of the legislative status of accredited institutional investors, go throughthe relevant provisions of accredited investor legal systemin private equity funds. Base on the foregoing analysis, this paper pointed out that the weak point in thedevelopment of China’s accredited investor legal system. After learning the lessons ofother countries, gives out appropriate suggestions for China’s improvement.