A Case Analysis Of Private Equity Fund's Listing And Financing

In recent years,China's overall economic trends and speed have slowed down.In the process of real economy restructuring and focusing on the role of capital,equity investment funds have become an important source of capital support.Although China's private equity funds started late,they have developed rapidly and have ushered in the golden period of development.In the process of gradual and regular development of private equity funds,the size of funds,financing channels and investment models have become important to affect the scale and efficiency of investment.factor.One of the important issues facing the development of private equity funds in China today is the limitation of financing channels.The main problems are that there are few financing channels and small scales.The overall scale of private equity funds is relatively small.The main targets of financing are government funds,non-traditional financial institutional investors,and private enterprises and individuals.Market participation is not high enough.There is instability in the fund structure,and the introduction of the "New Regulations on Asset Management" dated April 27,2018 makes it more stringent to qualifying qualified investors and limiting their funding.Therefore,listed financing can effectively solve the two major problems of "financing difficulties" and "difficulty in exiting" for private equity.Therefore,the financing issues and listed boards of private equity funds appear to be particularly critical.Researching this issue on China's private equity funds from the source of funding In the later period,reasonable investment,management,and exit have positive effects.As far as China's financial policy and environment are concerned,the supervision of the private equity investment fund is relatively strict on the supervision of such companies.The purpose is to prevent market risks and optimize the competitive environment.Under such a strict regulatory environment,Jiuding Investment,as a leading private equity fund company,has become the first listed private equity fund financing case in China in November 2015 through an effective capital operation program,which has historical significance and its post-listing financing.The status,short-term financial and market performance,and business-level effects have research value for policy-side regulatory attitudes and management of similar companies.This article is based on the current status of China's current private equity fund development and the existence of financing difficulties,taking Jiuding Investment and Main Board A-share company Zhongjiang Real Estate's reorganization of assets to achieve board financing for case analysis,and by collecting various data and data of Jiuding-related companies,Analysis of the listing process,financing status,financial status,stock price performance and project investment before and after the listing,and Jiuding Investment's performance in the post-listing market has drawn relevant insights on the attitude of regulators and PE companies seeking capital market dividends.After the listing of Jiuding,the risk factors for market adaptability were not perfect,and finally the prospects for the future development of the private equity field were forecasted.On September 9,2016,a new backdoor plan was promulgated.Although Jiuding's investment listing plan cannot be completely replicated,as a preliminary exploration of the private equity investment industry in the new three boards and the main board,there is no doubt that the development of other domestic private equity funds and policy guidance can be used for reference.And guiding significance.