Privately placement fund is a collective investment system which raises money non-publicly from specified social investors and runs the money by fund mode. As a significant social investment force, privately placement fund has kept growing with the ever-developing security market in China. It plays an irreplaceable role in the development of national economy as well as in the entire capital market, even though its legal identity hasn't been established explicitly yet, and there are still various problems about it, which need to be regulated and duly guided. Firstly, this thesis defines the meaning of"privately placement fund", pointing out its special advantages and characteristics in comparison with public offering fund, and making theoretic preparation for the demonstration of the necessity of developing privately placement fund in a regulated way. Secondly, this thesis analyses the current status and operational characteristics of privately placement fund in China, indicating the existing problems and the potential opportunities as well. Thirdly, it probes into the latent impact that could be caused by the development of privately placement fund in China, specifying both its positive aspects and its risks. Finally, it gives emphasis to several constructive suggestions on the regulated development of privately placement fund in China. |