The Research Of China PE Secondary Market Development

In 2012, A few PE secondary market trading structures appeared in China, it is a phenomenon worthy of attention for Chinese PE industry. As in our country, the PE exit ways is single, thus a lot of PE institutions fall into dilemma. With the continuous adjustment of domestic IPO policy, domestic PEs also began to find a new way to exit, more and more organizations choose through PE secondary market to exit, gradually be close to the mature European and American markets.Due to the short development of PE secondary market, the whole market is still in the primary stages of development. Since the unripe of the buyers, sellers and agencies, there are only a few relatively scattered behaviors in the secondary market. However, Developing the PE secondary market will have a positive impact for whole PE market, in order to make it stable and orderly, this paper are centered on the developing China PE secondary trading market relying on the domestic PE regional equity trading market.Firstly,this paper introduced the concept of PE and PE secondary market, and gives a detailed description for their development overview. Then pointed out the regional equity transaction market,and made an overall introduction for the origin for characteristics, function and development. Then for the regional equity trading markets at home and abroad, there are some case analysis, finally exploratory proposes developing the PE secondary market in our country, relying on the regional equity trading market. At the end of the paper, for profit model, the author put forward some personal advice.