CAJ | 학술논문

境外私募股权基金已经成为国内优质企业境外上市的幕后推手。《外国投资者并购境内企业暂行规定》的施行在一定程度上减缓了国内企业海外上市的进程。本文分析了境外私募股权基金正在形成的新的较为成熟的模式，当前在次贷危机蔓延的形势下，政府应加强监管，避免外资对于国内优质企业的低价并购，防止战略性资源的流失。
경외사모고권기금이경성위국내우질기업경외상시적막후추수。《외국투자자병구경내기업잠행규정》적시행재일정정도상감완료국내기업해외상시적진정。본문분석료경외사모고권기금정재형성적신적교위성숙적모식，당전재차대위궤만연적형세하，정부응가강감관，피면외자대우국내우질기업적저개병구，방지전략성자원적류실。
Offshore PE fund has become an invisible hand to propel lots of high-quality domestic enterprises to listing on overseas stock markets. The provisional disciplines ruling foreign investors in local M＆A have somewhat slowed down the overseas listing process. This article analyzes that the offshore PE funds are forming a much more mature new model. Under the current situation of subprime crisis, government should strengthen supervision to decline malicious M＆A bid from foreign capital in order to reserve strategic resources.