受《法律五百强（The Legal 500）》和In-House Lawyer邀请，环球律师事务所为其撰写了2020年度比较法律指南（第二版）的中国地区私募股权基金章节。针对每一个章节，The Legal 500都会选择邀请在该专业领域，专业认可度及声望较高的律所负责该章节内容。

Global Law Office was invited by The Legal 500 and In-House Lawyer to contribute the China chapter of the Private Equity Country Comparative Guide (2020, 2nd edition). Each country chapter has been written exclusively by contributing authors from the law firm who maintains high reputation in the practice as well as the legal market selected by The Legal 500 research editors.

此次环球律师事务所撰写的章节主要涵盖了中国地区私募股权投资的监管框架、适用法规、实务操作等方面，介绍了中国地区的行业现况、政策演变、立法前瞻、交易模式和特点、机遇和挑战、未来发展趋势，同时阐释了私募股权基金在交易架构、定价机制、风险控制、并购保证与赔偿保险、管理层激励制度、债务融资结构、监管体系等实务环节的重大方面的指引。

Global Law Office’s chapter provides an overview of the legal framework and key issues surrounding private equity practice in China. The Chapter provides insights into private equity investment status and trend, opportunities and challenges, regulation and policy reviews and future assessments in China, covering practical issues such as pricing mechanisms, risk allocation, W&I insurance, incentive schemes, financing structures, and relevant regulations.

通过阅读本章节，您可以全面了解中国私募股权基金领域的最新趋势，并感知私募股权基金在中国发展的前景。如果您对本章节或者与本章节讨论的内容有相关问题，敬请联系本章节的作者。

By reading this Chapter, you will have a general understanding of latest regulatory status of the private equity sector, thus enhance the prospective of the further development of private equity in China. Should you have any question or comment about the chapter or the subjects discussed therein, please feel free to contact the authors.