一、私募基金目前在我国的发展2003年实施的《证券投资基金法》将私募基金摒弃于该法调整范围之外,加上中国股票市场持续4年多的熊市,使得此前进行两年的私募基金入法的讨论和实践搁置下来。2005年以来,证券市场的逐步复苏乃至高涨使私募基金的监管再次受到市场关注。私募基金在中国概念比较模糊,没有统一的定义。一般而言,私募基金是相对于公募基金而言的.指不是面向所有投资者,而是通过非公开方式向少数机构投资者和富有的个人投资者募集资金而设立的投资基金,其销售和赎回均为基金管理人通过私下与投资者协商进行,一般以投资意向书(非公开的招股之说明书)等形式进行募集。私募基金有如下基本特征:其一,私募基金面向特定投资者,具有很强的针对性。私募基金一般是服务并满足于合格机构投资者或富有的个人投 First, the development of private equity funds in our country In 2003 the “Securities Investment Fund Law” will be private equity funds to abandon the scope of the law adjustment, coupled with the Chinese stock market bear market for more than four years, making the previous two years of private equity The discussion and practice of fund law shelved. Since 2005, the gradual recovery and even higher stock market so that regulation of private equity funds once again by the market attention. Private equity fund concept in China is rather vague, there is no uniform definition. In general, private equity funds are relative to public funds, which refer to investment funds that are not open to all investors but are raised in private through a small number of institutional investors and wealthy individual investors whose sales and / Redemption fund managers are privately negotiated with investors, usually in the form of investment prospectus (prospectus), and other forms of public offering. Private equity funds have the following basic characteristics: First, private equity funds for specific investors, with strong pertinence. Private equity funds are generally serviced and satisfied by qualified institutional investors or wealthy individuals