我国私募基金现状发展策略分析.docVIP

我国私募基金的现状和发展策略分析 重庆工商大学荣智学院 金融学 2008级 证券二班 谭淦 指导老师 唐晓玲 中文摘要: 改革开放以来，我国私募基金不断发展壮大，已经成为促进经济发展、调整产业结构、繁荣城乡市场、扩大社会就业的重要力量。虽然私募基金在我国出现的时间较晚，但发展迅猛，目前已经具有了相当大的规模和市场影响力，成为证券市场中一股不可忽视的重要力量。私募基金的公开化与合法化将直接关系到我国基金投资业未来的发展,但是由于法律及相关配套体系的完善时滞，加之本身所具有的高风险性及我国不成熟的投资市场等原因，国内庞大的私募基金仍处于法律监管体系之外的灰色地带，这无疑增大了我国私募基金的发展风险，不利于其发展。本文尝试通过分析我国的私募基金现状,发现存在的问题并提出相应的发展策略。 关键词：私募基金 发展现状 存在问题 发展策略 Abstract：Since the reform and opening up, China private equity fund the constant development and expansion, have become promote economic development, adjust the industrial structure, urban and rural market, expanding social prosperity employment important strength. Although private fund in our country the time of appearance late, but the rapid development, at present already has a large scale and influence of the securities market, the market become an important force to be reckoned with. The publicity and the legalization of private equity fund will directly relates to fund investments, but due to the future development of the law and related supporting system consummation delay, together with itself is high risk and our country not mature investment market, and other factors, the domestic large private equity fund is still in legal supervision system of grey areas outside, it is surely increase the our country the development of private equity fund risk, against his development. This paper attempts to use the current situation analysis of Chinas private equity fund, discover the existing problems and put forward the corresponding development strategy. Key Words：Private equity fund Development present situation problems Development strategy 私募基金的定义 基金作为国际上一种流行的组合投资方式，已经有100多年的历史。按募集方式，可分为公募基金和私募基金。公募基金是通过中介机构向不特定的社会公众广泛发售的基金产品。私募基金是相对于公募基金而言的，是指通过非公开方式面向少数机构投资者和富有的个人投资者集资而设立的基金。它的销售和赎回都是基金管理人通过私下与投资者协商进行的，一般以投资意向书（非公开的招股说明书）等形式募集的基金。 我国市场上所说的“私募基金”，往往是指进行非公开宣传的、私下向特定投资人募集资金或进行资金控制权转移而进行的一种集合投资方式。它的形成一般是：出资人或管理人通过各种渠道寻求对方，并商议资金委托投资的各项条件，在达成基本意向后，出资人与管理人直接签署资金委托投资的契约，落实资金托管或进行资金控制权转移，管理人承