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私募基金(Private Equity,PE)行业在我国的发展主要集中在20世纪90年代前后,1993年证券公司代理一些大客户进行委托投资的行为,被认作是最早的PE。随后20多年的发展历程中,私募基金先后经历了萌芽期、初步发展期、盲目发展期、调整期、再度繁荣期,总体规模呈现出不断扩大、迅猛发展的态势。私募基金的良性发展,促进了我国证券市场主体的多样化;能有效地利用社会资源,使广大投资者获得更多优质投资理财服务,让更多的投资者拥有财产性收入;抵抗外资私募对我国金融市场的冲击,支持成长性企业的资金筹集,优化国家整体产业结构。
The development of private equity (PE) industry in our country mainly concentrated around the 1990s. In 1993, the securities firm acting as a commission agent for some major clients was regarded as the earliest PE. In the course of more than 20 years of development, private-equity funds have undergone a period of infancy, initial stage of development, blind period of development, adjustment period and renewed prosperity. The overall scale of the private placement funds has shown a trend of continuous expansion and rapid development. The benign development of private equity funds has promoted the diversification of the main body of the securities market in our country. It can make effective use of social resources to enable more investors to obtain more high-quality investment and wealth management services so that more investors own property income. The impact of our financial markets supports the financing of growth enterprises and optimizes the overall industrial structure of the country.