走好战略性私募

• 出 处: 理财杂志
• 发表日期: 2008年06期
• 关键词: 直接上市 战略性 投资人 中国 企业 金融

战略性私募对今天的中国企业具有重要意义。我们可以分两个层面进行分析,第一个层面是相对于不私募而直接上市,第二个层面是相对于面向金融投资人的普通私募。在第一个层面上,战略性私募的意义主要体现在以下三个方面。首先,战略性私募可以帮助企业改善股东结构,同时建立起有利于上市的治理结构、监管体系、法律框架和财务制度。无论是对于背负着沉重历史枷锁的国有企业还是对于背负着“原罪”的私有

Strategic private equity for today’s Chinese enterprises is of great significance. We can analyze in two levels. The first level is the direct listing relative to non-private placement. The second level is relative to ordinary private placement for financial investors. In the first level, the significance of strategic private placement is mainly reflected in the following three aspects. First of all, strategic private placement can help companies improve their shareholder structure while establishing a governance structure, regulatory system, legal framework and financial system conducive to going public. Whether it is for the state-owned enterprises that bear heavy historical shackles or for the private ownership of “original sin”