发展私募股权投资基金,对于构建我国多元化、多层次资本市场具有重要意义。从国际上看,私募股权投资基金主要采取公司制、有限合伙制和信托制,信托制也被称为委托制。不久前中国银监会发布《信托公司私人股权投资信托业务操作指引》,对信托制的私募股权投资进行规范,同时也体现了监管层对这一工作的推动。 The development of private equity funds plays an important role in building a diversified and multi-level capital market in our country. Internationally, private equity funds mainly adopt the corporate system, limited partnership and trust system, while the trust system is also called the commission system. Not long ago, the CBRC issued Guidelines on the Operation of Private Equity Investment Trusts in Trust Companies, which regulated the trust-based private equity investment and also demonstrated the regulators’ promotion of this work.