{"id":{"repo_id":"mit","oai_identifier":"oai:dspace.mit.edu:1721.1/156015"},"canonical_url":"https://search.dev.ndltd.org/etd/mit/oai:dspace.mit.edu:1721.1/156015","repository":{"repo_id":"mit","name":"MIT","base_url":"https://dspace.mit.edu/oai/request"},"display":{"title":"Private Equity Secondaries: A Comparative Analysis on the US and Chinese Markets","abstract":"Since its inception in the early 2000s, China's private equity secondary market has evolved dramatically. Despite its fast growth, exit strategies in China’s private equity market lag, especially as tighter IPO regulations complicate exits, undermining liquidity and returns. In contrast, the U.S. benefits from a robust secondary market, underscoring its critical role in the maturity of the private equity industry. This thesis employs a mixed-methods approach to explore the U.S. private equity secondary market's evolution and to assess the status and challenges of China's private equity secondary market. The U.S. market enjoys a well-established regulatory environment, professional intermediaries, and advanced trading platforms, contributing to its efficiency and liquidity. Conversely, China's market, despite its growth, grapples with regulatory insufficiencies, professional gaps, and opaque transactions. Enhancements to China's legal framework, professional services, and trading platform functionalities are proposed to foster market development and global integration, aiming to enrich both academic discourse and provide practical guidance for stakeholders.","abstract_html":"Since its inception in the early 2000s, China's private equity secondary market has evolved dramatically. Despite its fast growth, exit strategies in China’s private equity market lag, especially as tighter IPO regulations complicate exits, undermining liquidity and returns. In contrast, the U.S. benefits from a robust secondary market, underscoring its critical role in the maturity of the private equity industry. This thesis employs a mixed-methods approach to explore the U.S. private equity secondary market's evolution and to assess the status and challenges of China's private equity secondary market. The U.S. market enjoys a well-established regulatory environment, professional intermediaries, and advanced trading platforms, contributing to its efficiency and liquidity. Conversely, China's market, despite its growth, grapples with regulatory insufficiencies, professional gaps, and opaque transactions. Enhancements to China's legal framework, professional services, and trading platform functionalities are proposed to foster market development and global integration, aiming to enrich both academic discourse and provide practical guidance for stakeholders.","abstract_has_math":false,"creators":["Han, Weizong"],"institution":"Massachusetts Institute of Technology","degree_name":"Master","degree_level":null,"degree_discipline":null,"degree_department":"Sloan School of Management","school":null,"contributors":[],"advisors":["Gregory, Nathaniel"],"committee_chairs":[],"committee_members":[],"year":2024,"date_issued":"2024-05","date_published":"2024-05","updated_at":"2026-07-22T22:21:51Z","subjects":[],"languages":[],"rights":["In Copyright - Educational Use Permitted","Copyright retained by author(s)"],"rights_urls":["https://rightsstatements.org/page/InC-EDU/1.0/"],"identifier_entries":[]},"links":{"outbound_url":"https://hdl.handle.net/1721.1/156015","outbound_label":"Handle","outbound_source":"dc:identifier.uri"},"metadata_groups":[{"id":"people","label":"People","entries":[{"key":"dc:contributor.advisor","label":"Advisor","values":["Gregory, Nathaniel"]},{"key":"dc:contributor.department","label":"Department","values":["Sloan School of Management"]},{"key":"dc:creator","label":"Author","values":["Han, Weizong"]}]},{"id":"academic_context","label":"Academic Context","entries":[{"key":"dc:date.accessioned","label":"Dc Date Accessioned","values":["2024-08-12T14:15:30Z"]},{"key":"dc:date.available","label":"Dc Date Available","values":["2024-08-12T14:15:30Z"]},{"key":"dc:date.issued","label":"Date","values":["2024-05"]},{"key":"dc:publisher","label":"Institution","values":["Massachusetts Institute of Technology"]},{"key":"dc:type","label":"Dc Type","values":["Thesis"]},{"key":"thesis:degree_name","label":"Degree Name","values":["Master","Master of Science in Management Studies"]}]},{"id":"language_rights","label":"Language and Rights","entries":[{"key":"dc:rights","label":"Dc Rights","values":["In Copyright - Educational Use Permitted","Copyright retained by author(s)"]},{"key":"dc:rights.uri","label":"Rights URI","values":["https://rightsstatements.org/page/InC-EDU/1.0/"]}]},{"id":"identifiers","label":"Identifiers","entries":[{"key":"dc:identifier.uri","label":"Identifier URI","values":["https://hdl.handle.net/1721.1/156015"]}]},{"id":"additional","label":"Additional Metadata","entries":[{"key":"dc:description.abstract","label":"Abstract","values":["Since its inception in the early 2000s, China's private equity secondary market has evolved dramatically. Despite its fast growth, exit strategies in China’s private equity market lag, especially as tighter IPO regulations complicate exits, undermining liquidity and returns. In contrast, the U.S. benefits from a robust secondary market, underscoring its critical role in the maturity of the private equity industry. This thesis employs a mixed-methods approach to explore the U.S. private equity secondary market's evolution and to assess the status and challenges of China's private equity secondary market. The U.S. market enjoys a well-established regulatory environment, professional intermediaries, and advanced trading platforms, contributing to its efficiency and liquidity. Conversely, China's market, despite its growth, grapples with regulatory insufficiencies, professional gaps, and opaque transactions. Enhancements to China's legal framework, professional services, and trading platform functionalities are proposed to foster market development and global integration, aiming to enrich both academic discourse and provide practical guidance for stakeholders."]},{"key":"dc:description.degree","label":"Dc Description Degree","values":["S.M."]},{"key":"dc:title","label":"Title","values":["Private Equity Secondaries: A Comparative Analysis on the US and Chinese Markets"]}]}],"canonical_facts":{"dc:contributor.advisor":["Gregory, Nathaniel"],"dc:contributor.department":["Sloan School of Management"],"dc:creator":["Han, Weizong"],"dc:date.accessioned":["2024-08-12T14:15:30Z"],"dc:date.available":["2024-08-12T14:15:30Z"],"dc:date.issued":["2024-05"],"dc:description.abstract":["Since its inception in the early 2000s, China's private equity secondary market has evolved dramatically. Despite its fast growth, exit strategies in China’s private equity market lag, especially as tighter IPO regulations complicate exits, undermining liquidity and returns. In contrast, the U.S. benefits from a robust secondary market, underscoring its critical role in the maturity of the private equity industry. This thesis employs a mixed-methods approach to explore the U.S. private equity secondary market's evolution and to assess the status and challenges of China's private equity secondary market. The U.S. market enjoys a well-established regulatory environment, professional intermediaries, and advanced trading platforms, contributing to its efficiency and liquidity. Conversely, China's market, despite its growth, grapples with regulatory insufficiencies, professional gaps, and opaque transactions. Enhancements to China's legal framework, professional services, and trading platform functionalities are proposed to foster market development and global integration, aiming to enrich both academic discourse and provide practical guidance for stakeholders."],"dc:description.degree":["S.M."],"dc:identifier.uri":["https://hdl.handle.net/1721.1/156015"],"dc:publisher":["Massachusetts Institute of Technology"],"dc:rights":["In Copyright - Educational Use Permitted","Copyright retained by author(s)"],"dc:rights.uri":["https://rightsstatements.org/page/InC-EDU/1.0/"],"dc:title":["Private Equity Secondaries: A Comparative Analysis on the US and Chinese Markets"],"dc:type":["Thesis"],"thesis:degree_name":["Master","Master of Science in Management Studies"]},"updated_at":"2026-07-22T22:21:51Z"}