Research On Qualified Investor System Of Private Equity Fund In China

In recent years,under the influence of the correct economic policy line of "mass innovation and public entrepreneurship" in the party and the state,a large number of emerging enterprises have sprung up,and the traditional financing means such as indirect bank financing and private lending have been unable to meet the financing needs of enterprises.At the same time,With the rapid development of China's socialist market economy and the increasing accumulation of residents ' wealth,the concept of residents ' investment has shifted from being conservative to pursuing high returns,high flexibility and high liquidity,and traditional bank savings and real estate investment have been unable to meet the investment needs of residents.In this context,private equity funds as a bridge between investors and Invested Enterprises,give full play to its role of coordinating investment and financing needs of the platform,coupled with private equity funds in the approval process,the mode of operation is different from the public funds are subject to a number of strict restrictions,more flexible and efficient investment and financing methods by the investment and financing of the favor.Therefore,in today's capital market in China,private equity funds can be said to be a big splash,has become an indispensable force for the development of China's capital market.However,it is undeniable that private equity funds because of the risks of their investment objects and the asymmetry of access to information,investors who invest in private equity funds are often faced with greater investment risk,coupled with the late start of private equity funds in China,the relevant regulatory system is not yet complete,This makes private equity funds in the specific activities of investors on the protection of the interests of the issue has been sharply highlighted,in order to fully coordinate the "protection of investors ' interests" and "easy to enterprise financing" between the two to better play the role of private equity funds in capital market activities,It is very important to perfect the qualified investor system of private equity fund.The main body of this article is divided into the following four parts:The first part first introduces the basic concepts of private equity funds and qualified investors,which mainly explains the classification of private equity funds and the principle of qualified investors,and secondly,explains the necessity of perfecting the qualified investor system of private equity funds in China from many angles.In this way for the follow-up research to provide the basic theoretical knowledge of the pad and value in the sense of support.The second part first combs the present situation of the qualified investor system of private equity fund in our country,which emphatically analyzes the relevant provisions on defining the standard of qualified investors in the guiding opinions on standardizing the asset management business of financial institutions,and secondly,enumerates the problems existing in the qualified investors of private equity funds in China.In order to improve China's private equity fund qualified investor system to provide practical significance on the basis.The third part introduces the relevant regulations of the United States,Britain and Japan on the system of qualified investors,which mainly explains the relevant provisions of the system of qualified investors in America.In order to improve the qualified investor system of private equity funds in China to provide reference for the extraterritorial experience.The fourth part starts from five aspects of the design principle,supervision system,definition standard,review procedure and supporting mechanism of the qualified investor system,and analyzes each of the elements contained in each aspect,so as to provide relevant suggestions for the systematic construction of the qualified investor system of private equity funds in China.