Abstract：With the development of China's economy and the strengthening of the enterprises' comprehensive strength, Chinese enterprises speed up their overseas investments. When Chinese enterprises participate in the process of global industrial competition, private equity should get involved actively. Private equity is not only a way for enterprises to generate profit in overseas investments, but also a financial acquisition method in overseas investments. Private equity has extensive connection to acquire further information. Their participation could also dilute the state role in investments. In addition, they can broaden financing channels and improve enterprises' acquisition capability. Furthermore, private equity can make use of its experience and talent pool to provide support in mergers and acquisitions. While private equity funds can facilitate Chinese enterprises' overseas investments, they may also cause some risks. Currently in China, there are relatively significant legal hindrance for developing private equity at the stage of funds' formation, operation and exit. In order to fully realize the function of the private equity funds in Chinese enterprises' overseas investments, our country should accelerate relevant institution-building, effectively regulate private equity to guard against the risks, appropriately push for leveraged acquisitions to broaden their financing channels, accelerate the establishment of multi-layer capital markets for private equity to exit, provide appropriate favorable tax treatment and better service.
赵 骏 于 野. 论私募股权基金在我国企业海外投资中的角色与作用[J]. 浙江大学学报(人文社会科学版), 0, (0): 1-11.
Zhao Jun Yu Ye. Roles and Functions of Private Equity Funds in Chinese Enterprises' Overseas Investments. JOURNAL OF ZHEJIANG UNIVERSITY, 0, (0): 1-11.
