后危机时代我国私募股权基金的现状和发展对策

发布时间：2018-01-04 01:38

本文关键词：后危机时代我国私募股权基金的现状和发展对策　出处：《山东大学》2012年硕士论文　论文类型：学位论文

【摘要】：私募股权基金作为一种现代融资方式,在世界资本市场的舞台上占有举足轻重的地位。二十世纪末,国际私募股权机构开始尝试在中国进行投资,由于政府、经济等条件的限制,进展速度缓慢。随着中国资本市场的不断开放和互联网络在世界范围内的迅速发展,私募股权基金通过海外上市获取丰厚利润并促进企业高速发展的方式越来越受到中国企业的青睐。同时,私募股权基金的有利于产业结构优化升级、融资结构改变的特点,促使私募股权基金在中国迅速崛起并在2008年达到高峰。美国次贷危机发生后,世界各国经济发展缓慢,国际私募股权基金的发展也受到了重挫,这为中国本土私募股权基金的发展提供了机遇。2009年创业板的推出,不仅有利于解决中小企业融资难的问题,同时为本土私募股权基金提供了更加丰富的退出渠道。发展私募股权基金越来越成为中国资本市场上一种重要的融资手段。但我国私募股权基金的发展也存在着制约因素。应不断完善法律法规建设,优化投资环境；加快构建退出机制多元化平台与多层次的资本市场；不断促进私募股权基金产业链的健全；不断优化政府对私募股权基金的监督服务效率,从而使私募股权基金更好的为中国资本市场的发展服务。本文首先对我国私募股权基金的发展现状进行分析,并提出了后危机时代我国私募股权基金发展的有利于不利因素；重点对国际私募股权基金投资本土企业的成功与失败案例的分析和国际私募股权基金与本土私募股权基金投资本土企业成功案例的对比分析,得出相关结论；最后通过综合分析,提出我国私募股权基金的未来发展趋势。
[Abstract]:Private equity funds as a new means of financing, occupies an important position in world capital markets. At the end of twentieth Century, the international private equity institutions began to try to invest in Chinese due to the government, economic conditions, progress slowly. With the rapid development of the Internet continues to open up and China capital market in the world within the scope of private equity funds through overseas listing to obtain huge profits and promote the rapid development of enterprises is more and more favored by China enterprises. At the same time, the private equity fund is conducive to the upgrading of the industrial structure, the characteristics of the financing structure changes, to promote private equity funds in China rapidly and reached a peak in 2008 the U.S. subprime mortgage crisis. After the world economy developed slowly, the development of international private equity funds have also been tumbled, it is in this private soil The development of equity fund has provided the opportunity to.2009 the launch of the gem, not only can solve the financing problem of small and medium-sized enterprises to provide a more rich exit channels at the same time as the local private equity fund. The development of private equity fund has increasingly become an important means of financing Chinese capital market.
But the development of private equity funds in China. There are also constraints continue to improve laws and regulations, optimize the investment environment; accelerate the construction of the exit mechanism of multi platform and multi level capital market; to promote the sound development of industry chain; optimize the service efficiency of the government supervision of private equity funds, so that private equity fund, better services for the development of the capital market Chinese.
This paper firstly analyzes the development status of China's private equity fund, and put forward the development of private equity funds in the post crisis era the favorable and unfavorable factors; comparative analysis on international private equity fund investment in local enterprises to the success and failure of the case analysis and the international private equity fund and the right of successful local private equity funds invested locally the business case, draw relevant conclusions; finally, through comprehensive analysis, put forward the future development trend of China's private equity fund.

【学位授予单位】：山东大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.51

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