The Research On Risk Regulation Of Private Equity Investment Fund

As an important part of the financial industry,the development of private equity investment funds has been paid more and more attention.In particular,its investment in non-listed companies makes it possible for capital to directly serve the real economy,contributes to technological innovation and industrial restructuring and help to solve the current corporate finance problems.Because of this,the development of private equity funds very rapidly,China's current private equity fund scale of development has become the world's second largest after the United States.However,it is undeniable that the rapid development of private equity funds is accompanied by various chaos.In particular,the practice of illegal fund-raising is frequent.This not only damages the legitimate rights and interests of investors,but also undermines the current image of the market.The important task of its effective regulation has become an important topic of the times in the Chinese context.Looking into the regulatory environment of private equity funds in Europe and the United States and the strengthening of regulation have become a trend,mainly because of the widespread belief that the financial crisis of 2008 was seriously harmed.One of the purposes of regulation is to guard against possible system problems Sexual risk.The moment,the impact of large-scale private equity investment fund massing of China's national economy has become increasingly important to ensure its healthy development has become an inevitable choice.The purpose of regulation is to control risks.Therefore,the regulation of private equity investment funds must be based on its real risks.This study will be taken as a clue.The full text is divided into five chapters:The first chapter is the "theoretical explanation of private equity investment fund and its risk regulation",mainly clarifying the theoretical scope of private equity investment fund and the theoretical basis of regulation,which is the theoretical part of this article.Among them,the article uses information economics,behavioral finance and law of public interest theory to interpret the legitimacy of regulation.The second chapter is the realistic basis for the full text to start.This chapter focused on the real risk of private equity funds.Through analyzing the judgment documents of 100 private equity funds,it found that the main risk is many problems induced by the inappropriate subject.The reason is that good and bad fund managers,irrational investors,lagging regulation.The third chapter is the regulation status quo of private equity investment funds in China.This chapter mainly analyzed the current regulation system and regulation practice,combs the regulation of the two different regulatory bodies,NDRC and CSRC,and found that the defected regulation systems and the unsatisfactory regulatory effect.The fourth chapter examined the experience of foreign countries and regions in regulating private equity investment funds,focusing on the AIFMD of the EU and the U.S.Dodd Frank Act,and summarized its experience in the regulatory model,access to fund managers,information disclosure.Based on the above analysis,the fifth chapter put forward some specific proposals to improve the regulation of private equity investment funds,including three aspects:the basic orientation of risk regulation,the specific system of risk regulation and the effective implementation of risk regulation.