A Comparative Study of Private Equity Fund System in China and U.S.A.

Compared with the mature private equity fund market in U.S.A., the private equity fund market in China is still to be further perfected. The are differences between Chinese and American private equity fund systems in project selection, project investigation, project design and project follow-up management and corresponding supporting legal system. There are some problems in Chinese private equity fund system and we should improve it by improving project selection, improving intermediary institutions, improving multi-level capital market and improving legal in centive and restrictive systems.