我國信托型私募股權(quán)基金制度困境及完善研究
發(fā)布時(shí)間:2018-06-29 10:53
本文選題:信托 + 私募股權(quán)基金 ; 參考:《首都經(jīng)濟(jì)貿(mào)易大學(xué)》2014年碩士論文
【摘要】:中國正處于經(jīng)濟(jì)轉(zhuǎn)型期因而迫切需要產(chǎn)業(yè)結(jié)構(gòu)的完善和新經(jīng)濟(jì)增長點(diǎn)的突破。在那些發(fā)達(dá)國家尤其是金融體制非常健全的國家中,私募股權(quán)基金對經(jīng)濟(jì)起著日益重要的作用:對創(chuàng)新型中小企業(yè),陷入財(cái)務(wù)困境、出現(xiàn)財(cái)務(wù)危機(jī)的企業(yè)以及對那些渴望并購卻沒有資金來源的公司提供充足的資金來源。私募股權(quán)基金按照設(shè)立方式可分為三大類:有限合伙型、信托型和公司型。在實(shí)務(wù)中最普遍的組織形式是有限合伙型,其次是信托型,最不常見的是公司型。不同的私募股權(quán)基金組織形式?jīng)]有優(yōu)劣之分,只要是能適應(yīng)經(jīng)濟(jì)的發(fā)展,有利于資本市場的完善,我們都可以參考和發(fā)展。 在如今私募股權(quán)投資實(shí)踐中,信托型私募股權(quán)基金采用信托運(yùn)營原理并以契約為組織形式。這種投資模式不僅可以借助信托行業(yè)現(xiàn)有優(yōu)勢,還可以有效細(xì)化金融產(chǎn)品,符合各個(gè)公司的金融需求。在PE市場迅猛發(fā)展的背景下,如果信托公司有效利用這個(gè)戰(zhàn)略期,,通過研發(fā)各種金融產(chǎn)品,滿足大量民間資本投資的欲望和創(chuàng)新企業(yè)的金融需求,以及高端客戶對私募基金投資的需求,會給信托公司發(fā)展帶來巨大的空間。本文首先通過對信托產(chǎn)生的理論背景并通過對三種私募股權(quán)基金的比較和參考來對信托型私募股權(quán)基金做一個(gè)較為明確的定義。其次,在分析中,我會以案例的形式的介紹我國的信托業(yè)發(fā)展歷程,并探究其中存在的問題。最后通過對西方發(fā)達(dá)國家的私募股權(quán)投資研究,來綜合比較我國的發(fā)展模式,并對我國信托型私募股權(quán)基金的發(fā)展提出一些較為合理的意見,以期望我國信托型私募股權(quán)基金能有更好地發(fā)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.
【學(xué)位授予單位】:首都經(jīng)濟(jì)貿(mào)易大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2014
【分類號】:F832.51
【引證文獻(xiàn)】
相關(guān)碩士學(xué)位論文 前1條
1 呂寧斯;中國股權(quán)眾籌融資的法律分析[D];暨南大學(xué);2015年
本文編號:2081881
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