Research On The Regulation Of Private Equity Investment Fund Under The New Regulation

Private equity investment fund is one of the most important parts of the world’s financial capital market and has become an important accelerator for the world’s economic development.In China,private equity investment fund is also playing an increasingly important role in the market.It provides impetus to the development of innovative investment enterprises and small and medium-sized enterprises,and makes a significant contribution to the construction of the new normal of China’s economy.Compared with the rapid economic development of private equity investment fund in China,there are still many aspects to be improved in the legal supervision system of private equity investment fund in China.At present,the main problems about private equity investment fund in China focus on its lack of special supervision laws and regulations;The current supervision is mainly based on departmental rules and regulations.Compared with the law,there is a low level of legal effect.Moreover,there are still some problems such as unclear regulatory departments and inconsistent regulatory standards.Therefore,it is urgent for private equity investment funds to carry out special legislation and build a sound regulatory system.Based on the latest departmental regulation on private equity investment fund management "new regulations on capital management" and the supervision experience of private equity investment funds in foreign mature markets,this paper studies the deficiencies of the establishment of special separate supervision laws on private equity investment funds and the improvement of the existing supervision.The first part is to define and analyze the basic scope and theoretical problems of the development and supervision of private equity investment fund in China.This paper defines the concept of private equity investment fund,introduces in detail how private equity investment fund develops in China,and makes a brief analysis on the basic theoretical issues such as how the regulatory laws and regulations develop with the development of private equity investment fund.The second part is to study and discuss the impact of the new regulation on the regulation of private equity investment fund.First introduced the information new rules compared to the previous regulation legal system changes,and then from the private equity investment fund regulation,refined,regulatory standards,standard investment income,it is forbidden to pool business and eliminate multi-layer nested and these five aspects could inhibit the channel business rules influence and the role of private equity investment fund regulation.The third part introduces the regulatory system and regulatory characteristics of private equity investment funds in the United States,the United Kingdom and Japan.According to the characteristics of their own market,these three countries have built a regulatory system in line with their national conditions.Based on the summary of the advantages of the limited regulatory system of the us government,the British regulatory system dominated by industry associations,and the Japanese government’s strict regulatory system,this paper proposes an analysis and research on the enlightenment and reference significance of improving the regulatory system of private equity investment fund in China.The fourth part discusses the deficiencies in the supervision of private equity investment funds under the new regulation of capital management,mainly including the lack of specialized supervision laws,the deficiency of fund manager system,the insufficiency of functions of industry associations,the insufficiency of exit mechanism,and the insufficiency of supervision of overseas funds.The fifth part studies and discusses the deficiencies of private equity supervision under the new capital management regulations,and solves the problems raised in the fourth part from five aspects: improving legislation,clarifying supervision,establishing a standard fund manager system,improving the exit mechanism,and bringing overseas funds into the supervision.