私募股权投资基金合格投资者制度研究

发布时间：2018-07-08 17:18

本文选题：私募股权 + 合格投资者　；参考：《天津大学》2014年硕士论文

【摘要】：私募股权投资是目前金融市场上广泛采用的一种投资方式，并快速的发展成为中国金融市场和产业投资的中流砥柱。私募股权投资在我国尚在发展初期，仍有许多问题需要去解决，这是由于我国对这种新型的投资方式没有建立必要的法律制度，以及该基金本身所固有的高风险性等因素造成的。如何使私募基金能够适合中国的经济环境，保证投资者权益，合理规避投资风险，并颁布相关的法律来规范该基金的正常运行，这是我们所面对的现实问题。私募基金合格投资者的相关研究中，对完善合格投资者的保护部分阐述较多，但仍存在着两个问题突出的问题。首先纵观我国现行的法律规定，相应的立法和监督部门还没有出台相关的法律法规实现对私募基金的有效监管，对募集的对象也没有形成规范的准则。再次，健全的投资人制度在中国还未形成，所以对于合法基金和非法基金无法有效的判断，投资人的合法权益也无法得到保障。在私募股权投资基金快速发展的同时，由于没有完善的规章制度以及有效的监督体系，在基金刚进入投资市场的初期，出现了失控的局面，加之该基金信息不能及时的披露公开，面临的风险骤加，一旦大量涌入非适格主体造成投资失误，一定会引起股市的巨大波动。因此，探讨私募基金领域的合格投资人机制是至关重要的。笔者通过分析我国目前的私募基金运作情况以及现行的合格投资者既有模式，参考发达国家现有的模式，，对私募基金在我国的完善发展给出合理建议。
[Abstract]:Private equity investment is a widely used investment method in the current financial market and has rapidly developed into the mainstay of Chinese financial market and industrial investment. Private equity investment in China is still in the early stage of development, there are still many problems to be solved, this is because our country has not established the necessary legal system for this new type of investment. And the fund itself inherent in high risk and other factors caused. How to make private equity fund fit for China's economic environment, guarantee investors' rights and interests, avoid investment risk reasonably, and issue relevant laws to regulate the normal operation of the fund, this is a realistic problem we face. In the relevant research of qualified investors of private equity funds, there are many problems in perfecting the protection of qualified investors, but there are still two outstanding problems. First of all, the current laws and regulations of our country, the corresponding legislation and supervision departments have not issued the relevant laws and regulations to achieve the effective supervision of private equity funds, the collection of the object has not formed a standard. Third, a sound investor system has not yet been formed in China, so legal funds and illegal funds can not be effectively judged, the legitimate rights and interests of investors can not be protected. With the rapid development of private equity investment funds, due to the lack of sound regulations and effective supervision system, the fund has just entered the investment market in the early stage, there has been a situation of out of control. In addition, the information of the fund can not be disclosed in time, and the risks are suddenly increased. Once a large number of ineligible subjects cause investment errors, it will inevitably cause huge fluctuations in the stock market. Therefore, it is essential to explore the qualified investors mechanism in the field of private equity funds. Based on the analysis of the current operation of private equity funds in China and the existing models of qualified investors, and referring to the existing models in developed countries, the author gives some reasonable suggestions for the improvement and development of private equity funds in China.
【学位授予单位】：天津大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：D922.287

【共引文献】