| Private equity investment and the Valuation Adjustment Mechanism on the land in China is in the ascendant,but the social public and academic circles seem to understand and grasp the theory,which can not match the important value in practice.A kind of system in order to get understanding and application of the most extensive and thus play a maximum value,must have sufficient reasoning and argumentation to be supported.Academic circles of Valuation Adjustment Mechanism,there have been a lot of discussion about,but hidden misunderstanding points of chaos,this paper attempts to forward through the perspective of their own analysis to clarify.In addition to the abstract part,this paper is divided into the following parts:The first part is the introduction,introduction will discuss the background of this topic,especially lack of reasoning in the judicial practice,and puts forward the issue of this paper-what is function of Valuation Adjustment Mechanism.In this paper,the functional analysis of the Valuation Adjustment Mechanism,taken another angle,this is the innovation of this paper.The second part mainly deals with private equity investment activities,and in this kind of activity of Valuation Adjustment Mechanism,the relevant practice,including participation in Valuation Adjustment Mechanism of all parties and the characteristics of the real case on gambling,and this practice is to Valuation Adjustment Mechanism,the function of "place".The third part is on the existing academic about protocol analysis angle of questioning and combing on Valuation Adjustment Mechanism.After the omission of various angle are discussed,leads to the next section of this article,namely,the fourth part:This article is prepared to put forward the function of the Valuation Adjustment Mechanism:the function of the it is that it is a kind of "financing guarantee-risk lock" mechanism,and how the function of this function is described in this paper.The last fifth part is the conclusion and reflection,the thesis is reviewed and summarized. |