受The Legal 500和In-House Lawyer邀请，环球律师事务所为其撰写2021年度比较法律指南中的中国地区私募股权基金章节。针对每一个章节，The Legal 500都会选择其专业领域在The Legal 500排行中排名较高的律所起草该章节。

Global Law Office was invited by The Legal 500 to contribute to the China chapter of the Private Equity Country Comparative Guide. Each country chapter has been written exclusively by Contributing Editors from firms ranked within The Legal 500.

此次环球律师事务所撰写的章节（“本章节”）提供了中国地区私募股权投资实践的监管框架、适用法规、操作问题等方面的概览。本章节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 ( “this Chapter”) provides an overview of the regulatory framework, applicable laws and operating issues surrounding private equity practice in China. This Chapter provides insights into the industry status, policy evolution, legislative prospect, deal models and features, opportunities and challenges and future development trend for private equity investment in China, covering practical issues such as transaction structures, pricing mechanisms, risk allocation, W&I insurance, incentive schemes, financing structures and regulatory regime.

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.