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澳门网上赌博651:Five key words review private equity 2017

时间:2018/1/6 14:29:29  作者:  来源:  浏览:0  评论:0
内容摘要: The past year has been a rich year for the private equity industry.10 Trillion +, Leading Stocks, Private Placement, Funding Southern, Regu...

The past year has been a rich year for the private equity industry.

10 Trillion +, Leading Stocks, Private Placement, Funding Southern, Regulatory Improvements - These five key terms provide a high-level overview of the growth and changes in the private equity industry in 2017.

1,10 trillion +

2017, the private equity industry AUM officially break 10 trillion yuan, an increase of 40%, about to keep pace with the scale of public fund. From the industry's internal perspective, the development of a clear differentiation, equity, venture capital private equity growth fastest, private equity securities declined.

According to the data from China Foundation Industry Association, as of the end of November last year, China Securities Investment Fund Association has registered 21836 private equity fund managers, 64633 private equity funds registered and 10.9 trillion RMB fund under management, with annual growth rates of 25.3% 39% and 38.1%. The total number of private equity fund managers is 233,800, of which 191,700 have registered employees in the system of employed persons, and the number of employees has dropped from last year.

If you look at the classification, there is another landscape. As of the end of November last year, as of the end of November last year, there were 8,294 private equity fund managers registered in private equity investment funds, 31,557 funds under management, 2.28 trillion yuan of fund under management, and 17.7% of management scale during the year. The number of new private equity fund managers newly formed in 2017 was only 326, down from 2,976 in 2015 and 1074 in 2016.

2, Stock Lead

If the sub-strategy shows the performance of the private equity industry, the return on equity strategies leads all securities-based PE products with an average return of over 10%. As a result, the overall quantitative strategy has bottomed out and all the strategies have achieved positive returns on average.

According to the statistics research center, as of December 15, 2017, the private placement industry average yield was 8.49%. Among them, the scale of stock strategy was 1.15 trillion yuan, with an average return of 11.37%, ranking the top of the list. Portfolio funds followed a rate of return of 9.52%. Compounding strategies and macro-hedging strategies yielded returns of over 8%. Subjective futures strategies dropped sharply over the previous year With an average yield of 4.69%. Arbitrage and Alpha strategies remained stable at above 3%. Two quantitative strategies, Alpha and Programmatic Futures, bottomed out with an average yield of less than 1%.

3, south

funds in 2017 bull market ushered in Hong Kong stocks, the Hang Seng Index the year rose 36%, setting a new decade high. Market profit effect highlights, south flocked into the capital. As of the end of December last year, a net inflow of to Hong Kong stocks of through southbound funds amounted to 303.492 billion yuan, a significant increase in trading volume. According to HKEx data show that as of December 15 last year, the total turnover of 2.157 trillion yuan South, an increase of 173.7%.

The enthusiasm of private equity investors in the Mainland rose. According to the Securities Times, most of the newly issued private equity products in 2017 cover the entire share capital of Hong Kong Stock Connect. Many private equity companies have made substantial gains in investing in Hong Kong stocks. In addition to buy through the Hong Kong Stock Connect, private equity in the Mainland can also apply for a 9 plate, the issuance of overseas funds (US fund) to buy Hong Kong stocks. According to statistics, there are currently 18 companies in mainland securities that currently hold a valid license plate number 9. In August last year, veteran privately held Bo Investment invested the first overseas fund to start overseas market placement and achieved a 15% annualized revenue in 2017. Large-scale private placement into the sea, increase the allocation of globalization, is already the trend of development of the industry.

4, Foreign Private Equity

In 2017, China's private placement industry welcomed the first batch of wholly foreign-owned private equity managers and foreign private placement has also become one of the major milestones in opening China's capital markets to the outside world. At present, 10 foreign-funded institutions have obtained the qualifications of foreign-funded private equity investment fund managers.

In early January 2017, Fidelity International, an overseas financial regulator, announced that Fidelity Investment Management (Shanghai) Co., Ltd., a subsidiary of Fidelity International, has been officially approved by the China Fund Industry Association as a private equity fund manager and has become the first wholly foreign-owned private equity investment fund management institution in China mechanism. The company released the first private equity investment fund "Fidelity China Bond No. 1 Private Equity Fund" in China in May.

far, Fidelity, UBS, Fullerton, the Man, Partners, Invesco , Lubo Mai, Aberdeen, BlackRock , Schroeder 10 foreign institutions to obtain foreign-owned private equity Securities investment fund manager qualification.

5, Regulatory Improvement

With the continuous expansion of the private equity industry, supervision is also being strengthened and a series of policy documents have been gradually implemented.

On July 1, 2017, the formal implementation of the Measures for the Administration of the Proper Measures for Investors in Securities and Futures is of great significance to the private equity industry and requires private investors to "sell suitable products to suitable investors" and implement double quotations to protect investors Regulate private development.

At the end of August 2017, the Legislative Affairs Office of the State Council promulgated the Provisional Regulations on the Management of Private Equity Funds (Draft for Comment), and the top-level design of the private-equity industry is expected to fall to the ground. This will be the highest legal effect of the private equity industry outside the Securities Investment Funds Law Normative documents. In addition, in the year of 2008, CSRC offices conducted special inspections of 328 private-equity institutions and 83 private-equity funds were subject to administrative supervision. The fund industry associations also introduced a number of new regulations during the year and continued to improve the regulatory system for private placement and self-regulation.


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