The Study Of Valuation Adjustment Mechanism Legal Problems

Agreement is the full name of the gambling equity value adjustment mechanism to institutional investors for risk investment vehicles, one is to reduce the risk of their in-vestment, the other is the management of the business of financing equity incentive a weapon. The investment vehicle of economic activity in Western countries is common and very important, not only on the role of the normal operation of the capital market is huge and the emerging high-tech industry, the rise of great significance. The end of the century, the great western development of information history, full of shadow of gambling agreement.But the equity value of the adjustment mechanism in the mainland of China can be a new thing, it is large in everyone’s view is Mengniu in 2003 to bet against the success of the event, its presence there behind Morgan, Goldman Sachs and other large Wall Street tycoon, China’s mainland because of difficulties in financing the private entrepreneurs seem to have found a savior, not only to financial aid information can also help Wall Street tycoons seem to be listed ovrseas to promote private erter prises entered into an equity value of the Adjustment Agreement crazy the best catalyst, however, With the Paradise and the Prince of milk and other famous gambling companies have failed, some domestic media have been targeting the equity value of the adjustment mechanism.The main purpose of writing this thesis is the conversion option value to the real face of the adjustment mechanism, introduced its origin, development and status quo, especially in the current development of China; secondly, from a legal perspective a more comprehensive analysis of his inter-pretation of, especially in the context of the existing interpretation of the law again, the equity value of the adjustment mechanism in the basic mode of operation, the core provisions of analysis and interpretation of specific cases as a priority, focusing on the equity value of the adjustment protocol successful exit mode-red-chip models are introduced; Finally, both macro and micro view of the equity value of the adjustment mechanism of risk prevention and control are in-troduced, in particular micro-level analysis, risk prevention and control will be divided into anti-investor risk control and control of the financing side, because there have been a number of China’s mainland venture capital fund. In the long run, these emerging domestic investment funds is the main force in pro- moting China’s venture capital, ignorance is the root of all terror, as long as the people of our entrepreneurs and increase the risk of financial investment instruments-equity value of the adjustment mechanism to understand Our investment and financing both sides in order to increase the probability of win-win situation, and ultimately the development of China’s market economy provide a strong impetus.