Research On The Risk Control Of ZS Private Equity Investment Fund Management Co., LTD

In the past 10 years,China's real estate private equity funds have grown from scratch to small,growing into an important branch of the private equity industry.However,with the strategic transformation of the country's economic development,the real estate industry is facing high-pressure supervision,and its market is welcoming a cooling period.Under the new situation,the regulatory environment faced by real estate private equity funds has also undergone major changes.Since 2016,the CSRC and the fund industry association have strengthened the supervision of the private equity industry by introducing a series of regulatory measures and guidelines.Hence,the private equity industry is facing a era when it is being strictly supervised.Moreover,real estate private equity funds and real estate private equity fund managers are facing transformation problems.In the face of transformation,ZS Company(real estate private equity fund manager)is sensitively alert to risks,and it realized that in the future the risk control ability of private fund managers(refer to comprehensive risk control,full staff risk control ability)will replace management ability to become core competitiveness of private equity funds in real estate industry.ZS Company urgently needs to carry out retrospective analysis and evaluation of its own risk control system,in order to find out its major problems that need to be solved.Combining the development status of the private equity industry with the theoretical basis of comprehensive risk management,first of all,the paper analyses existing risk control system of ZS Company(last revised at the end of 2017),and it turned out that the policy risk,compliance risk and operational risk(previously business risk,operational risk,compliance risk)are the top three risks within eight kinds of risks faced by the company(by fuzzy synthetic evaluation method).By the 5W1 H method,it indicates that there are three risk problems of ZS company,namely,lagged policy risk identification,lax compliance management and lacking of management talents with excellent capabilities within 11 types of problems confronted by the company.Secondly,based on strategic transformation goals setted by ZS Company,the paper gives solutions for the three types of causes that lead to risk control problems,and finds feasible execution paths to strengthen policy risk identification,improve compliance risk assessment,and reduce operational risks.Finally,the implementation of the safeguard design plan should be carried out from the construction of the policy risk communication mechanism,the strengthening of the compliance risk processcontrol,and the creation of a professional compliance risk control team,supplemented by the implementation of an effect evaluation system,in order to avoid such risks.This research has a high practical value for that it not only provides ZS company with solutions on current important risks,but also gives some practical reference for other real estate private fund managers.