后疫情时代中国私募基金行业发展趋势探析

Analysis on the Development Trend of China’s Private Equity Industry in Post-Epidemic Era

中共十九大报告明确指出,提高直接融资比重,支持民营企业发展。为此,一方面要促进中国多层次资本市场的健康发展,另一方面要大力推进私募基金行业的发展。本文分析了中国早期私募投资基金、创业投资基金、并购基金和特殊资产投资基金的发展状况、存在的问题和面临的机遇与挑战,结合后疫情时代出现的新情况、新变化,探讨了中国私募基金行业(未包含私募证券投资基金)的发展趋势,并提出了相关政策建议。

The report of the 19 th National Congress of the Communist Party of China clearly pointed out that the proportion of direct financing should be increased to support the development of private enterprises. Therefore, on the one hand, we should promote the healthy development of China’s multi-layer capital market. On the other hand, we should vigorously promote the development of private equity industry. This paper analyzes the development status, existing problems, opportunities and challenges of China’s early private investment funds, venture capital funds, merger and acquisition funds and special asset investment funds. Combined with the new situation and changes in the post-epidemic era, this paper discusses the development trend of China’s private equity industry(excluding private securities investment fund), and puts forward relevant policy suggestions.