Research On The Impact Of The New Regulations On The Exit Of Private Equity Funds

In recent years,illegal capital operation and illegal reduction frequently occur in China,which seriously damage the operation order of the trading market and greatly restrict the development of China's market economy.The underweight system is an important guarantee to ensure the stable operation of capital market transactions and is also a hot issue of great concern to all sectors of Chinese society.The new rules,which set specific requirements for avoiding regulatory restrictions such as underselling through bulk trading,can effectively prevent malicious or improper market behavior.From a more holistic and long-term perspective,the introduction of new regulations on reducing holdings can to a large extent ensure the rational return of valuation,maintain the stable development of the market,and promote the shift from virtual to real.This article first has carried on the related theory,summarize the underweight introduced background of the new rules,and respectively from the scope of application,reduce its rules and disclosure system from three aspects,compared the underweight the difference between the new rules and old rules,then defines the concept of private equity investment and exit,introduced in this paper,a case analysis using the AHP-fuzzy comprehensive evaluation method.Secondly,this paper describes the development and withdrawal status of China's private equity investment funds in detail,and analyzes the impact of the new regulation on the withdrawal of China's private equity investment funds from the four aspects of the longer withdrawal cycle,the decline of the overall rate of return,the reduction of speculation,and the improvement of the difficulty of raising funds.Then,through the AHP-fuzzy comprehensive evaluation method,the paper analyzes the impact of the new rules on the withdrawal of huaguai capital from the aspects of company fundamentals,market policies,macro factors and fund types.Finally,this paper puts forward relevant countermeasures and Suggestions from three aspects: selecting investment targets more prudently,strengthening value-added services of private equity institutions,and pursuing diversified exit.