The Study On The Legal Issues Of Qualified Investors Of Limited Partnership PE In China

China's corporate equity and bond financing are underpowered,and bank loan financing plays a leading role in China's financing system.The impact of the financial crisis has become a stumbling block for many small and medium-sized enterprises and the development of high-tech enterprises.Broaden the financing channels,therefore,focus on promoting the innovation of the limited partnership in China PE into the road,lead to related to fill the funding gap of small and medium-sized enterprises in our country social resources,improve the enterprise's core competitiveness.And from identity to contract a historic leap is driving the sufficient condition of economic transition,the partnership enterprise law promulgated since 2006,our country limited partnership PE seize the development opportunity of the global private equity funds,get good grades.By the end of 2017,the total size of private equity funds in China has increased by 2.4 trillion.In addition,xi jin ping comrades on promoting economic structural reform spirit of important instructions,relevant documents of the state council and the deployment of July 1,2017 formally implemented the measures for the administration of the securities and futures investors appropriateness reflect our country capital market investors' legitimate rights and interests protection system construction and taking an important step forward.So it is necessary to limited partnership "melting of PE,cast,tube,retreat" as the clue,the legislative status quo of combing system of qualified investors,legal trouble,analyzes its intrinsic root,and combined with the development of the domestic and foreign limited partnership PE qualified investors into the road,mining limited partnership in China PE lessons resources of qualified investors.And fit the actual development of the limited partnership PE qualified investors in China,suggests some feasible innovation approach,on the laws and regulations,our country should develop high level,wide applicable scope of the legal norms of limited partnership system of PE qualified investors;Secondly,when the quantitative and qualitative content of qualified investors is extended,it is necessary to clarify the positioning of state-owned enterprises in the limited partnership PE.Three is to determine the residual claims and control of incentive and constraint mechanism to solve the limited partnership PE qualified investors,both inside and outside of information asymmetry,responsibility,unequal,incompletecontract and other problems.Thefourth is the withdrawal conditionof the qualified investors of the classified management limited partnership,and the multi-level capital market is to be established.Five is the regulators and to establish a national unified and harmonious,form a complete legal supervision chain,build the Chinese characteristic model of regulation,and perfect the information disclosure regulation approach,promoting limited partnership PE qualified investors and orderly,running smoothly.