中国私募基金发展前景和当前问题研究 目 录 一、导言 二、私募基金及其全球发展… …2 (一)私募基金概念的界定.。 …2 (二)私募基金的全球发展概况.. (三)全球私募基金发展的区域性分布.…8 三、海外私募基金的运作9 （一)私募基金的募集方式和募集对象..9 (二)私募基金的历史表现和收益评价基准....10 (三)私募基金激励机制. 12 (四)私募基金的透明度和投资方式………… 11 (五)私募基金资产和份额的流动性.… 17 (六)私募基金区别于共同基金的主要特点小结.. 18 四、海外私募基金的监管… …19 (一)私募基金监管的法律框架.·· 19 (二)私募基金监管思路和监管重点.... 20 (三)对私募基金投资人资格和个数的限制..。 22 五、我国私募基金市场现状及未来前景 *4 26 (一)我国私募基金市场现状.... 27 (二)我国私募基金发展前景分析.. 29 (三)我国发展私募基金的现实意义...· 32 六、我国私募基金当前问题及建议… …34 (一)我国私募基金监管现状及问题..... ……34 (二)我国非公开募集方式的现行规定及问题...37 (三)我国私募基金监管和发展建议…………… 39 参考文献…44中国私募基金发展前景和当前问题研究 1 目 录 一、导言······················································································································· 1 二、私募基金及其全球发展······················································································· 2 （一）私募基金概念的界定.......................................... 2 （二）私募基金的全球发展概况...................................... 6 （三）全球私募基金发展的区域性分布................................ 8 三、海外私募基金的运作··························································································· 9 （一）私募基金的募集方式和募集对象................................ 9 （二）私募基金的历史表现和收益评价基准........................... 10 （三）私募基金激励机制........................................... 12 （四）私募基金的透明度和投资方式................................. 17 （五）私募基金资产和份额的流动性................................. 17 （六）私募基金区别于共同基金的主要特点小结....................... 18 四、海外私募基金的监管························································································· 19 （一）私募基金监管的法律框架..................................... 19 （二）私募基金监管思路和监管重点................................. 20 （三）对私募基金投资人资格和个数的限制........................... 22 五、我国私募基金市场现状及未来前景································································· 26 （一）我国私募基金市场现状....................................... 27 （二）我国私募基金发展前景分析................................... 29 （三）我国发展私募基金的现实意义................................. 32 六、我国私募基金当前问题及建议········································································· 34 （一）我国私募基金监管现状及问题................................. 34 （二）我国非公开募集方式的现行规定及问题......................... 37 （三）我国私募基金监管和发展建议................................. 39 参考文献····················································································································· 44