论国际金融危机下私募基金的监管

On Supervision of Privately Offered Funds Facing the Finance Crisis

私募基金已成为我国证券市场一个重要的资金来源,但是,由于我国目前还没有相应的立法对其加以规范、对其法律地位进行明确的界定,使其仍然处于地下状态。在严峻的国际金融危机形势下,为了防范有关金融风险,我国必须正视私募基金的发展问题,确立明确的法律框架对其实施有效监管,否则,其将成为金融市场的一个巨大隐患。我们应当从我国私募基金发展现状出发,借鉴国外私募基金监管的先进立法经验,完善我国的私募基金监管立法,为保障私募基金规范运行提供充分的法律依据。

Privately offered funds have become a significant source of funding for China＇s securities market.But because there is no corresponding legislation to regulate them,their status are still uncertain.In the sharp international financial crisis,in order to guard against financial risks,China must face up to the development of privately offered funds to establish a clear legal framework for ef- fective supervision.Otherwise they will become a huge financial market trouble.On the basis of status quo of China＇s privately offered funds,learning from the regulations of foreign advanced legislative experience,we should perfect our relevant legislation in order to make them run properly.