【正文】 equity funds in China’s capital market is characteristic with foreignfunded background, and only less than 5% of the private equity funds is really local private equity funds. Delayed development of the private equity market is an important reason for the lack of GP. Lagging Specification of the Relevant Laws and Regulations At the beginning, the private equity fund controls consciously the risk according to the principles of industry selfregulation, which has been continued until happening of the subprime crisis. In the industry, there are different views on whether we should make a independent legislation toward the private equity fund. Some people think it is not necessary to make legislation. And they think although PE has developed hundreds of years in foreign countries, there is still no specific regulation. They mainly depend on reputation mechanisms—— selfregulation mechanisms to regulate the PE39。s needs. Therefore, it is an effective way to set up a training model from top to bottom, to strengthen the training for GP. The concrete suggestion is as follows: 1. With the Strict Legislation and Industry Regulations to Determine Employees This is a requirement for the employee’s basic condition. without the corresponding conditions, the employee should not be allowed to enter the industry. At present, there are some regulations on employees qualification for the private security investment, but there is no strict rules on employees qualification for the private equity investment. And it is necessary to note that as the risk from the private equity investment is greater than the private security investment, the qualification identification of the private equity investment should be much stricter. 2. Building the Trust Culture The means of managing financial affairs of the private equity fund is in essence a means of the financial management of the trust. Under the condition that the trust culture has not been established, the construction of the trust culture has a subtle effect on talents cultivating. Therefore, we should strengthen the trust culture building, and use the cultural influences to improve the GP’s training, to increase the supply of GP. the Training Platform in the Industry Their own training platforms constructed by industry associations are quite different from the platform of the productioneducationresearch cooperation in colleges and universities. Industry associations can do many important works to carry out the vocational training, and they can also employ foreign counterparts and experts to promote the professional vocational training. These will make a difference for the training of the qualified GP. 濟(jì)南大學(xué)畢業(yè)論文外文資料翻譯 6 4. Establishing the Professional Talent Pool of Private Wealth Management The employee unit should actively take the initiative to provide all relevant learning opportunities to train the employee capacity, to build their own talent pool. For example, when the trust pany carries out the private equity business, it can make use of its existing talent to purposefully develop their own professional managers of private equity. At the same time, the trust pany can take advantage of cooperation opportunity with other investment adviser panies, or to attract the best talents, or to absorb some excellent investment consultants. Through that way, the trust pany can establish the appropriate talent pool, and improve its investment advisory capacity. 5. Employee’ s Learning by Doing What the training of the unit or the industry can provide is only a learning opportunity. But whether the trainees can learn and bee qualified top fund managers or qualified GP depends finally on their own learning abilities. Therefore, the employee must be downtoEarth, be strict with themselves, cultivate their own trust sense, and improve their capacities of risk investment and management. References [1] Can Kut, Risk management in European private equity funds: survey evidence[J]. the Journal of Private Equity, Summer 2020b. [2] Li Jianhua, Zhang Liwen. private e