Research On The Regulation Of Private Securities Investment Funds In P.R.China

This article will focus on the regulation of private investment funds in P.R.China.Using literature analysis,comparative analysis,and historical analysis methods,the article attempts to systematically sort out the regulatory status in the field of private funds,clarify the necessity and purpose of regulating private securities investment funds,and conduct in-depth analysis of regulatory rules and trends.Furthermore,it aims to identify problems in the regulatory process from the perspectives of regulatory authorities and regulatory methods and propose corresponding innovative solutions to contribute to the improvement of private securities investment fund regulation.Apart from the introduction and conclusion,this article is divided into three parts,with the research ideas and main contents as follows:The first part provides a theoretical overview of private securities investment funds.This part mainly introduces the concept of private securities investment funds and compares them with private equity investment funds,which have many differences and connections,although they both belong to private fuids.Then,this part will introduce the three organizational forms of private securities investment funds and explain the legal nature of private fund contracts.In this part,it also introduces the theoretical basis and regulatory objectives of government regulation of private securities investment funds.Regarding the regulatory theory of private securities investment funds,it mainly covers the efficient market theory,market failure theory,government intervention in the economy theory,and incomplete legal theory.In the regulatory objective section,it clarifies the three main objectives of government regulation of private securities investment funds,which lays the foundation for identifying existing problems in the next part.The second part analyzes the current situation and focuses on problems in the regulation of private securities investment funds in China.This part mainly discusses the regulatory authorities and regulatory methods of private securities investment funds in China.Regarding regulatory authorities,it deeply analyzes the status of the China Securities Regulatory Commission,the Asset Management Association of China,and the Security Exchange from the perspective of regulatory authorities power at different levels.Regarding regulatory methods,it introduces the advantages and disadvantages of the current regulatory methods from the historical evolution,static system,dynamic implementation,and dynamic line of regulatory rules.The problems listed in this part all come from specific cases or events in practice.The third part proposes solutions to the existing problems in the regulation of private securities investment funds in China.Based on the problems identified in the previous part from two perspectives,corresponding solutions are proposed.Firstly,it clarifies the regulatory agency’s power positioning,defines the administrative subject status of the China Securities Regulatory Commission,and restricts the regulatory power of the Asset Management Association of China.Secondly,it defines the boundary of penetrating supervision of private securities investment funds to make it conform to the principle of proportionality.Finally,it improves the qualified investor system to safeguard investors’ rights and the stable and healthy development of the financial market.