我国信托型私募股权投资研究

发布时间：2018-03-16 07:03

本文选题：私募股权投资　切入点：信托　出处：《首都经济贸易大学》2012年硕士论文　论文类型：学位论文

【摘要】：PE作为金融领域的热点词汇，无疑是吸引众多目光聚集的焦点，在全球PE愈演愈烈的背景下，我国PE行业经历了虽然短暂但充满活力的发展过程，其中，信托型PE在我国信托公司不断寻求业务转型的契机下，也取得了蓬勃的发展，规模迅速增长，产品创新层出不穷。目前，世界经济面临严峻挑战，金融市场可谓危机与希望并存，我国PE信托只有不断提高竞争力和抗风险能力，才能实现新的突破与发展。本文旨在通过对我国PE信托进行研究，回顾发展历程，总结发展经验，剖析发展现状，，明确发展优势，分析PE信托所面临的宏观环境，增强对PE信托运作机制各个环节的认识，探究PE信托在发展过程中存在的问题并提出相关对策与建议，从而促进其优化发展。全文在对PE及PE信托的基础理论进行简要介绍的基础上，将信托型PE与公司型、有限合伙型PE进行比较，初步论述了PE信托运作机制的原理。之后，就横向方面，对我国PE信托的规模、投资和监管状况进行回顾，从市场、监管层面进行经验总结；对我国PE信托发展现状和经济、法律环境进行分析；对现阶段我国发展PE信托的优势、意义及机遇进行阐述；对典型案例进行分析与比较。就纵向方面，对运作过程中的交易结构、投资管理、内部治理、激励机制、风险控制、业务流程等环节展开论述，提出了我国目前开展PE信托业务所面临的问题。最后，从完善配套法规制度、推进与各类相关机构的合作、加强市场培育和团队建设、完善PE信托的治理结构、强化信托公司的风险管理等方面得出结论。
[Abstract]:As a hot word in the financial field, PE is undoubtedly the focus to attract a lot of attention. Under the background of global PE becoming increasingly fierce, the PE industry in China has experienced a brief but dynamic development process, among which, Trust PE has made vigorous development, rapid growth in scale and endless product innovation under the opportunity of seeking business transformation of trust companies in China. At present, the world economy is facing severe challenges. The financial market can be described as crisis and hope. Only by constantly improving our PE trust's competitiveness and ability to resist risks can we achieve a new breakthrough and development. This paper aims to review the course of development of China's PE Trust through the study of PE Trust in China. Summing up the development experience, analyzing the present situation of the development, defining the advantages of the development, analyzing the macro environment facing the PE trust, strengthening the understanding of each link of the PE trust operation mechanism, This paper probes into the problems existing in the development of PE Trust and puts forward relevant countermeasures and suggestions to promote its optimal development. Based on the brief introduction of PE and the basic theory of PE trust, the paper compares the trust type PE with that of corporation type and limited partnership type PE, and discusses the principle of PE trust operation mechanism. This paper reviews the scale, investment and supervision of PE trust in China, summarizes the experience from market and supervision level, analyzes the present situation, economic and legal environment of PE trust development in China, and analyzes the advantages of PE trust development in China at the present stage. The significance and opportunity are expounded, and the typical cases are analyzed and compared. In the vertical aspect, the transaction structure, investment management, internal governance, incentive mechanism, risk control, business process and so on are discussed. Finally, from perfecting the supporting laws and regulations, promoting the cooperation with all kinds of related institutions, strengthening the market cultivation and team building, perfecting the governance structure of PE trust, the paper puts forward the problems that our country faces in carrying out PE trust business at present. Strengthen the risk management of trust companies and other aspects of the conclusion.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.49

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