论我国私募基金发行制度的构建——以美国证券私募制度为视角的中期报告.docxVIP

论我国私募基金发行制度的构建——以美国证券私募制度为视角的中期报告 摘要： 私募基金是一种以较小的特定投资人为主要募资对象的投资基金，它的兴起在一定程度上缓解了证券市场融资难、融资贵的问题，成为资本市场重要的融资渠道之一。然而，我国私募基金发展存在问题，其中最关键的是发行制度不完善。本文以美国证券私募制度为视角，提出私募基金发行制度的构建方案。 一、私募基金发行制度存在的问题 二、美国证券私募制度的特点和优势 三、我国私募基金发行制度的构建方案 （一）适当放宽募集门槛 （二）明确资金用途和投资方向 （三）加强监管力度 结论：我国应该借鉴美国证券私募制度的特点和优势，建立完善的私募基金发行制度，加强监管力度，为其发展提供有力保障。 关键词：私募基金；发行制度；募集门槛；监管力度 Abstract： Private equity fund is a kind of investment fund mainly targeting small specific investors. Its rise has to some extent eased the problem of difficult financing and expensive financing in the securities market, and become an important financing channel in the capital market. However, there are still problems in the development of private equity funds in China, among which the most critical one is the imperfect issuance system. This paper proposes a scheme for building the issuance system of private equity funds from the perspective of the US security private placement system. I. Problems in the issuance system of private equity funds II. Characteristics and advantages of the US security private placement system III. Scheme for building the issuance system of private equity funds in our country (1) Appropriate relaxation of the threshold for fundraising (2) Clarify the use of funds and investment direction (3) Strengthen regulatory measures Conclusion: China should learn from the characteristics and advantages of the US security private placement system, establish a sound issuance system of private equity funds, strengthen regulatory measures, and provide powerful guarantees for its development. Keywords: Private equity fund; Issuance System; Fundraising threshold; Regulatory measures