Research On The Legal Issues Of My Country's Private Equity Investment Fund Supervision

Private equity fund is regarded as a financial innovation tool to solve the financing problem of small and medium-sized enterprises in China.At first,it mainly invests in small and medium-sized high-tech enterprises,making positive contributions to social and economic development.Previously,countries generally relaxed the regulation of private equity funds.After the global financial crisis,it is an inevitable trend to strengthen the regulation of private equity funds.At present,China’s private equity fund is still in the primary stage of development,the lack of relevant legal norms,the definition of private equity fund issuance standards are vague,the regulatory law is almost blank,the regulatory thinking is not clear.With the gradual development and expansion of private equity funds in China’s capital market,how to effectively regulate private equity funds to balance the financing convenience and strengthen the protection of investors has become an important frontier issue.Therefore,this paper by private equity funds supervision legal issues as the research object,analysis of the necessity of private equity fund regulation,supervision legal system of private equity funds in the industrialized world is for reference,and in the private equity fund in our country based on the analysis of the legal environment,put forward the corresponding countermeasures and Suggestions.This paper is divided into four parts:The first part introduces what private equity fund is and its source,defines the definition of private equity fund in detail,and clarifies its meaning.The second part,on the basis of briefly discussing the development status of China’s private equity fund,analyzes a series ofproblems in the development of China’s private equity fund,and finds that an important reason for these problems is the lack of supervision.On the basis of analyzing the current situation of the supervision system and self-supervision of private equity fund,this paper points out that the legal system of the supervision of private equity fund in China is not perfect and the self-supervision is insufficient,so it is necessary to strengthen the supervision of private equity fund in China.The third part introduces the development of private equity fund regulation in the United States,the United Kingdom,Japan and other countries,analyzes the advantages and disadvantages of different institutional backgrounds and reform directions,and makes clear that the regulatory system established by them in the development of private equity fund has certain reference significance for China.The fourth part discusses how to effectively build the regulatory system of private equity fund in China,and draws the following conclusions: from the practice,according to the local conditions of the design of the regulatory system of private equity fund with Chinese characteristics.According to specific market access principles,specific Suggestions are put forward on effective financing,investment operation,information disclosure,external supervision and self-regulation.