文档介绍：山西财经大学
硕士学位论文
我国私募股权投资基金监管法律问题研究
姓名:乔小兵
申请学位级别:硕士
专业:经济法学
指导教师:张旭娟
2011-03-15
摘要
我国私募股权投资基金业始于世纪年代,经过多年的发展,成为
企业融资的重要途径之一,促进了市场经济的繁荣。然而,由于相关法律的缺
失、不完善,相关配套措施及具体管理和实施办法的滞后,我国私募股权基金
的发展中存在诸多法律真空,在很大程度上制约了我国私募股权投资基金及整
个市场的发展。与行业的飞速发展相比,我国私募股权投资基金行业的监管制
度建设和监管体系很不成熟。因此,如何借鉴国外的成熟经验并结合我国的具
体国情构建和完善我国的私募股权投资基金监管制度,有着十分重要的理论意
义和现实意义。
本文吸收了国内外对私募投资基金的研究成果,在此基础上,从介绍私募
股权投资基金的涵义、特点等基础理论入手;在考察了国内外私募股权投资基
金发展现状后,对私募股权投资基金进行监管的必要性进行了分析;接着着重
分析了国内私募股权投资基金监管的现状及存在的问题;最后通过比较分析美
国、英国及日本等发达国家的私募股权投资基金监管制度,结合美国金融危机
发生以来私募股权投资基金监管的最新趋势,提出我国目前私募股权投资基金
监管的基本原则及市场化方向,并对我国今后如何完善私募股权投资基金监管
提出一些具体的建议。认为我国应从市场准入,投资人资格、基金管理人资格
以及信息披露等方面尽快对私募股权投资基金问题进行相关立法,构建符合中
国国情、符合当前实践需要的私募股权投资基金法律监管制度,更好地规范私
募股权投资基金的运作。将私募股权投资基金纳入法制轨道,在保护投资者利
益,维护我国资本市场稳定的同时,促进我国私募股权投资行业的发展。
【关键词】私募股权投资基金监管法律构建
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Abstract
Private equity funds (hereinafter “PE Funds”) in China started in the 1980s. After all these
years, PE Funds have already developed into an important financing method for enterprises, and
promoted the prosperity of the market economy. However, in the development of China’s PE Funds,
there lacked plete set of relevant laws, there were no related measures, no specific methods
for management and implementation, and in real operation, there appeared legal vacuum once and
again. To some extent, all these disadvantages e constraints for the development of PE Funds
and even the whole market. Compared to the rapid development of the industry, the regulation
system of China’s PE Funds and its corresponding institutional building lag behind. Therefore, the
legal construction— how to build up and gradually optimize the regulatory system of PE Funds by
learning from foreign experiences and considering the specific situation of China is, of course, of
great significance theoretically and practically.
This thesis has the foreign and domestic research results about PE Funds as a basis, and is
started by introducing the meaning, the features, and other ba