私募证券在我国现行法律中没有明确的法律规定,譬如投资者的保护、对证券市场潜在的系统风险问题往往使之笼罩在非法集资的阴影之下。本文将对我国私募证券的现状与缺陷进行分析,再结合美国的私募证券进行对比从而对我国私募证券的法律制度提出浅要的建议。 Private equity securities do not have clear laws and regulations in the current laws of our country. For instance, the protection of investors and the potential systemic risks to the securities market often make them fall under the shadow of illegal fund-raising. This article will analyze the status quo and defects of China’s private equity securities, and then with the comparison of private equity securities in the United States to make some suggestions on the legal system of China’s private equity securities.