|其他題名: ||A study of the development of private equity in Asia and China|
|作者: ||林盈岑;Lin, Ying-tsern|
|關鍵詞: ||私募股權基金;凱雷集團;主權基金;中國投資公司;黑石集團;Private Equity;Sovereign Wealth Fund;China Investment Corp.;The Blackstone Group|
|上傳時間: ||2010-01-10 23:24:32 (UTC+8)|
Private Equity has no need to open their private properties. By using a cooperation work from a collection of international financial experts and local tax lawyers with their professions, in the shortest time, the most opaque information, lowest-cost tax situation, the shareholders of Private Equity from a variety of the cases of financing mergers and acquisitions, would access to handsome gains. 2006 internationally renowned Private Equity - The Carlyle Group announced its intention to buy domestic shares of ASE listed companies, rise domestic social attention and discussion from all walks of life, but also optimism and anxiety resulting in two views. As part of the investment strategy of Private Equity rather opaque, the international community has begun to worry about part of Sovereign Wealth Funds (e.g. China Investment Corp.) may form Private Equity, and turning them into a positive expansion of the external forces, and gradually strengthen its world''s market influence.
U.K. is taking a curious manner to the Private Equity so does Germany. The Premier of Germany announced that its government is going to formulate a regulatory regime on Private Equity by the end of 2008. China has already bought a 10% share of The Blackstone Group, and set up its own Private Equity at the central and provincial level and had also declared that its government would employ Private Equity as a means to invest globally, including Taiwan. Then it will be very important for scholars to study the development of Private Equity in Asia and the merge of the Private Equity in China as well. What will be the Taiwanese government’s standing position and regulatory economic policies? Will it be like the regulatory system in South Korea or the one with liberal approach in U.S.A.?
In this research, we would like to focus on three key issues. First, this research will focus on the development of the Private Equity globally, and in the historical process and what are the administrative regulations adopted by different nations e.g. U.S.A., U.K., Japan and South Korea to deal with it. Second, this research will mainly study the development of Private Equity in the Asia region especially in China, and to analyse the Chinese policies on the Private Equity and how the Chinese government employ it to search financial opportunity for its national interests. Finally, this research would like to evaluate its impacts on Taiwan’s capital market and suggest what policies the government would adopt to make a best use of it for our economic development.