The Case Analysis On Effects Of The New Third Board’s Expansion On The Investment And Exit Of Private Equity Fund In China

Before the new third board’s expansion, the PE industry in China developed not well due tovarious reasons which is largely caused by the unobstructed exit channel. The author attemptsanalysis how the expansion influence on PE though the analysis of the present development ofPE industry in our country, combining with the times of the new third board’s expansion. Itmainly contains the following several aspects: to the multi-level capital market systemconstruction to provide more exit channels, to provide more choice of projects, to normalizeprivate equity industry.After the elaboration of the expansion on PE, the author analysis the new third board’influence on PE in reality though a case which I experience during my internship. Though theanalysis of the case which Guangdong Infinite investment co. LTD invests Guangzhou UCSMYco. LTD, the author analysis the influence in several aspects including fundraising moreconvenient, more projects to choose, the win-win mode in cooperation with securities trader,more convenient exit channels for PE to choose etc.At last, the author makes a simple summary for the full text. Then according the currentdevelopment situation of the new third board and even the whole capital market, the author putsforward some suggestions in order to make a contribution to promoting the new third boardbetter.