自2020年以来，环球律师事务所第三次受The Legal 500和In-House Lawyer邀请，为其独家撰写私募股权国别比较指南中的中国地区章节。针对每一个司法辖区章节，The Legal 500都会选择来自其所认可的有关专业领域在The Legal 500排行中排名领先的律所的作者撰写该章节。

This is the third time since 2020 that Global Law Office has been invited by The Legal 500 and In-House Lawyer to contribute exclusively to the China chapter of the Private Equity Country Comparative Guide. Each jurisdiction’s chapter is meticulously written by authors from top-ranked firms in the relevant practice area, as recognized by The Legal 500.

此次环球律师事务所为2024年度所撰写的章节（“本章节”） 由郁雷、朱健飞、郭嘉、李志斌撰写。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。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 for the year 2024 (“this Chapter”) was written by Steven Yu, Jeffrey Zhu, Jia Guo and Zhibin Li, providing 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.