Research On The Exit Mode And The Case Of Private Equity Funds In China

With the rapid development of China’s economy and the gradual improvement of domestic financial system,private equity plays a more and more important role in China’s financial system.The development of private equity funds in China began in the 90s of last century,and has gone through more than 20 years of development.During this period,though many difficulties have been experienced,there have been many waves at the same time.In recent years,China’s legal system is constantly improved,the construction of multilayer capital market has made certain progress,but overall,the domestic private equity funds,compared with the developed countries there is still an obvious gap between the exit of the most critical part is the exit mechanism of private equity,and cash will sound directly linked to capital gains,and the impact on investment cash flow recirculation.The purpose of this paper is to find out the exit mechanism and exit barrier of private equity in China.This paper uses the method of theoretical research and case study on the practice of combining the research on private equity investment fund exit,the research literature through a variety of ways on the basis of the theory of private equity investment fund exit way and summarizes the problems on the basis of combining the development status of domestic private equity investment fund and exit barriers so in-depth study,which combined with the actual case analysis of Alibaba.A variety of specific research methods are adopted,which ensures the logicality of research structure in content.From shallow to deep,based on theory and case studies,it is progressive and valuable in conclusion.The research content of this paper is divided into five chapters,each of which has different emphasis respectively.The first chapter,the introduction.The research background,purpose,significance and value of this article are summarized.Then,the current situation of related research both at home and abroad is analyzed,and the research methods,contents and innovations of this paper are also discussed.The second chapter is a summary of the related theories.Case studies need support from some theories.The second chapter makes a detailed analysis and comparison of the theories and models of private equity investment withdrawing from comparative analysis.The third chapter,the current situation and problems analysis of domestic private equity investment fund.On the whole,the current situation and problems of domestic private equity fund are analyzed,and the factors and obstacles of the withdrawal of private equity fund are clarified.The fourth chapter,the case analysis of the Alibaba.Combined with the specific cases of Alibaba,this paper analyzes the change process and related problems of private equity investment in the development of Alibaba,and analyzes the influence of various ways.The fifth chapter,private equity investment funds exit suggestions.Combined with the development status and problems of domestic private equity funds,and the specific cases of Alibaba,this paper puts forward relevant improvement strategies and effective mechanism recommendations.In conclusion,Vased on the development of private equity funds in China,It is important to discuss the development strategy of private equity which is consistent with China’s actual conditions,and establish and perfect domestic financial market and exit mechanism,so as to promote the development of our economy.This paper focuses on the analysis of the withdrawal of private equity funds,and demonstrates the related theoretical knowledge with practical cases,which has important theoretical and practical significance.