What are the regulations on the supervision of private equity fund licenses?
The Securities Investment Fund Law has already stipulated the supervision of licenses, and Article 18 of the Law is listed as follows:
Non-public offering funds shall be raised from qualified investors, and the cumulative number of qualified investors shall not exceed 200.
The QFII mentioned in the preceding paragraph refers to the units and individuals that have reached the prescribed asset scale or income level, have the corresponding risk identification ability and risk-taking ability, and the subscription amount of their fund shares is not less than the prescribed limit.
Specific standards for qualified investors shall be formulated by the the State Council Securities Regulatory Authority.
Classification and management of private equity funds;
According to the different issuers and supervision methods, private equity funds can be divided into investment plans issued by institutions with various financial licenses (licensed financial institutions) and private equity funds issued by institutions without financial licenses (unlicensed institutions):
Investment plans issued by licensed financial institutions include all kinds of asset management plans issued by securities companies, fund management companies, futures companies and their subsidiaries engaged in asset management business (collectively referred to as securities and futures institutions), which are under the unified supervision of China Securities Regulatory Commission and fund industry associations, and can also be subject to the self-discipline management of China Securities Industry Association, China Futures Industry Association and other industry associations.
Private equity funds issued by non-licensed institutions include limited partnership funds, corporate funds and contractual funds, of which the former two are respectively governed by the People's Republic of China (PRC) Partnership Enterprise Law and the People's Republic of China (PRC) Company Law, and are subject to the supervision of market management authorities such as industry and commerce.
Therefore, the types of funds can be simply recorded as follows: funds are divided into public securities investment funds and private equity investment funds; Private investment funds are divided into various investment plans of licensed financial institutions and private investment funds of non-licensed institutions; Among them, various investment plans of licensed financial institutions include: asset management plans, trust plans, commercial bank financing plans and insurance asset financing plans of securities companies, fund companies, futures companies and their subsidiaries; Private investment funds of non-licensed institutions include: limited partnership funds, corporate funds and contractual funds.
Definition of Private Equity Fund
Private equity funds are funds raised privately or directly from specific groups. The corresponding Public Offering of Fund is Public Offering of Fund. People usually say that funds are mainly mutual funds, that is, securities investment funds.
Divided from the research paradigm, there are three main analysis methods of securities investment: basic analysis, technical analysis and evolution analysis. These three analytical methods are based on completely different theoretical systems and logical structures, and their main research objects only focus on a specific aspect or category of market operation, all of which have their rationality and limitations, but they are essential for comprehensively understanding and deeply exploring the laws of market operation. They depend on different theoretical bases, premises and paradigm characteristics, which are interrelated and have important differences in practical application. Among them, basic analysis belongs to general economic paradigm, technical analysis belongs to mathematics or Newton paradigm, and evolutionary analysis belongs to biology or Darwin paradigm.
Private equity funds in a broad sense include private equity funds in addition to securities investment funds. In China's financial market, "private fund" or "underground fund" is usually a collective investment that is privately raised by specific investors, as opposed to the securities investment fund that is supervised by the competent department of China government and publicly issues beneficiary certificates to unspecified investors. There are basically two ways, one is a contractual collective investment fund based on signing the entrusted investment contract, and the other is a corporate collective investment fund based on * * * contributing shares to establish a joint-stock company.
The above is the relevant information compiled by Bian Xiao of Pacific Auto Network. To sum up, we can understand that the holding fund company should submit the corresponding materials to apply at the beginning of its establishment. Fund companies are generally set up with funds to limit their business scope and so on. If you have any other questions, please consult online.
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