私募股权投资基金的法律监管问题研究

发布时间：2018-01-25 13:56

本文关键词： 私募股权投资基金法律监管投资者基金管理人　出处：《华东政法大学》2012年硕士论文　论文类型：学位论文

【摘要】：中国的私募股权投资基金发展迅猛，私募股权投资基金的运作面临法律空白的尴尬。国际上因2008年金融“海啸”引发了新一轮对金融监管的探讨，国内理论界和实务界也掀起对私募股权投资基金进行有效监管的热议。本文从私募股权投资基金的法律监管角度，立足中国私募股权投资基金的发展情况和监管现状，比较借鉴国外私募发达国家的监管经验,针对当前私募股权投资基金面临的因“无法可依”、监管缺失所带来的发展困境和问题，从宏观的监管思路到微观的具体立法及政策监管方面进行探讨，提出对策。从保护投资者的理念出发，倡导完善监管思路和策略，完善信息披露制度，改变政出多头令私募基金无所适从的局面等方面，对我国私募股权投资基金的法律监管提供一些建议。以期监管当局尽快理出清晰有效的管理思路，实施适度合理的监管举措，促进私募股权投资基金的长期健康发展。本文分五个部分分析和研究私募股权投资基金的法律监管问题。首先，引言简单介绍了私募股权投资基金的发展及它作为中国资本市场连接金融资本和产业资本之间的重要纽带，对中国经济及资本市场发展意义重大而却面临法律缺失、监管空白的问题，以引出本文探讨的必要。第一章主要是介绍私募股权投资基金的基本理论，包括对私募基金的概念进行界定，对其基本特征、主要的组织形式和运作模式进行了简单的介绍。第二章是对私募股权投资基金在我国发展的纵览，包括它在我国三十年的发展历程概况和当前的发展形势及它给我国的经济金融市场带来的有利和不利影响，期待从历史的角度客观全面的认识我国的私募股权投资基金的发展。第三章从横向比较的角度，选取了私募股权投资基金发展较为繁荣的四个国家作为比较对象。分别对美国、英国、日本和德国这四个国家的私募股权投资基金法律监管策略进行分析，以期对我国私募基金的监管提供有益的借鉴或参考。第四章先对目前我国关于私募股权投资基金监管的法律法规或政策规定进行梳理阐述，，后着重探讨我国私募股权投资基金监管面临的现状及存在的主要问题。第五章针对上述的我国的私募股权投资基金面临的形势和问题结合我国的现实，提倡统一立法，完善监管策略和举措，试图对促进我国私募股权投资基金的监管进程提供一些粗浅的建议。
[Abstract]:Private equity funds in China are developing rapidly, and the operation of private equity funds is facing the embarrassment of legal blank. The international financial "tsunami" in 2008 triggered a new round of discussion on financial regulation. Domestic theorists and practitioners have also raised the hot debate on the effective supervision of private equity investment funds. This article from the perspective of legal supervision of private equity investment funds. Based on the development and regulatory status of private equity funds in China, this paper compares the regulatory experience of foreign private equity investment funds in developed countries, and aims at the reasons that private equity funds are facing. The development dilemma and problems brought about by the lack of supervision are discussed from the macro supervision thinking to the micro specific legislation and policy supervision, and the countermeasures are put forward, starting from the idea of protecting investors. Advocate to improve regulatory ideas and strategies, improve the information disclosure system, and change the political situation that makes private equity funds confused and so on. To provide some suggestions on the legal supervision of private equity investment funds in China, in the hope that the regulatory authorities can work out clear and effective management ideas as soon as possible, and implement appropriate and reasonable regulatory measures. To promote the long-term and healthy development of private equity investment funds. This paper is divided into five parts to analyze and study the legal supervision of private equity investment funds. First of all. The introduction briefly introduces the development of private equity investment fund and its important link between financial capital and industrial capital as a capital market in China. It is of great significance to the development of Chinese economy and capital market, but it is faced with the problem of lack of law and supervision, which leads to the necessity of this article. The first chapter mainly introduces the basic theory of private equity investment fund, including the definition of the concept of private equity fund, its basic characteristics, the main organizational forms and operating mode of a simple introduction. The second chapter is an overview of the development of private equity funds in China, including its 30 years of development in China and the current situation of development and its economic and financial markets to bring advantages and adverse effects. Looking forward to an objective and comprehensive understanding of the development of private equity funds in China from the perspective of history. In the third chapter, from the perspective of horizontal comparison, we choose four countries which are more prosperous in the development of private equity investment fund as the comparative object, respectively, to the United States and the United Kingdom. This paper analyzes the legal supervision strategies of private equity funds in Japan and Germany in order to provide a useful reference for the supervision of private equity funds in China. Chapter 4th is about the regulation of private equity fund regulation in China. After that, the paper focuses on the current situation and main problems of the supervision of private equity funds in China. According to the situation and problems faced by the private equity investment funds in China, the 5th chapter advocates unified legislation and perfect supervision strategies and measures. Try to promote the supervision of private equity funds in China to provide some superficial suggestions.
【学位授予单位】：华东政法大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：D922.287;F832.51

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