试论私募股权投资机构上市的重要性、可行性和迫切性

On Importance, Feasibility and Necessity of the Publicity of PE Firms

本文通过私募股权投资促进创新资本形成、支持科创企业的功能论证了发展私募股权的意义;通过对比国内、国外私募上市和上市表现的实践,点明了私募上市不会扰乱经济秩序的逻辑,梳理上市和监管规则指出了私募上市的可行性;最后,从投资长期性、私募机构自身发展、金融监管方向等角度阐明了目前支持私募股权机构上市的迫切性。

This paper demonstrates the functions of PE industry like financing innovation and entrepreneur-ship. Then the paper compares the publicity practice and stock performance of domestic and foreign PE firm,thus infers that listed PE is not a disturbance to financial stainability, and further deduces the feasibility of allowing PE to go public considering the current regulatory rules. Finally, from the perspectives of longterm investment, PE industry and financial supervision, this paper also summarized necessities of supporting qualified PE firms to go public.