我国信托型私募股权基金制度困境及完善研究

发布时间：2018-06-29 10:53

本文选题：信托 + 私募股权基金　；参考：《首都经济贸易大学》2014年硕士论文

【摘要】：中国正处于经济转型期因而迫切需要产业结构的完善和新经济增长点的突破。在那些发达国家尤其是金融体制非常健全的国家中，私募股权基金对经济起着日益重要的作用：对创新型中小企业，陷入财务困境、出现财务危机的企业以及对那些渴望并购却没有资金来源的公司提供充足的资金来源。私募股权基金按照设立方式可分为三大类：有限合伙型、信托型和公司型。在实务中最普遍的组织形式是有限合伙型，其次是信托型，最不常见的是公司型。不同的私募股权基金组织形式没有优劣之分，只要是能适应经济的发展，有利于资本市场的完善，我们都可以参考和发展。在如今私募股权投资实践中，信托型私募股权基金采用信托运营原理并以契约为组织形式。这种投资模式不仅可以借助信托行业现有优势，还可以有效细化金融产品，符合各个公司的金融需求。在PE市场迅猛发展的背景下，如果信托公司有效利用这个战略期，，通过研发各种金融产品，满足大量民间资本投资的欲望和创新企业的金融需求，以及高端客户对私募基金投资的需求，会给信托公司发展带来巨大的空间。本文首先通过对信托产生的理论背景并通过对三种私募股权基金的比较和参考来对信托型私募股权基金做一个较为明确的定义。其次，在分析中，我会以案例的形式的介绍我国的信托业发展历程，并探究其中存在的问题。最后通过对西方发达国家的私募股权投资研究，来综合比较我国的发展模式，并对我国信托型私募股权基金的发展提出一些较为合理的意见，以期望我国信托型私募股权基金能有更好地发展。
[Abstract]:In the period of economic transformation, China is in urgent need of the perfection of the industrial structure and the breakthrough of the new economic growth point. In the developed countries, especially in the countries with very sound financial system, the private equity fund plays an increasingly important role in the economy: the enterprises in the financial crisis and the financial crisis to the innovative small and medium enterprises There are three major categories of private equity funds in the form of limited partnership, trust and company. In practice, the most common form of organization is limited partnership, second is trust, the most uncommon is the company type. There are no advantages and disadvantages in the form of the right fund organization. As long as we can adapt to the economic development and improve the capital market, we can all refer to and develop it.
In the current private equity investment practice, trust private equity funds adopt the principle of trust operation and contract as the organizational form. This investment model can not only help the existing advantages of the trust industry, but also effectively refine the financial products and meet the financial needs of various companies. In the context of the rapid development of the PE market, if the trust company is in the context of the rapid development of the market, The effective use of this strategic period, through the research and development of various financial products, to meet the desire for a large number of private capital investment and the financial needs of innovative enterprises, and the demand for private fund investment by high-end customers, will bring great space to the development of trust companies. This paper first through the theoretical background of the trust and through the three types of private equity shares. The comparison and reference of the right fund makes a more clear definition of the trust private equity fund. Secondly, in the analysis, I will introduce the development course of our trust industry in the form of case and explore the existing problems. Finally, through the study of private equity investment in western developed countries, the development of China will be compared to the development of China. Model, and put forward some reasonable opinions on the development of China's trust private equity fund, in order to expect that China's trust private equity fund can be better developed.
【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】：2014
【分类号】：F832.51

【引证文献】