本文从当前资本市场热议的PE腐败问题入手,在后危机时代各国不断强化资本市场监管的背景下,逐层分析了PE腐败问题的症结及其监管思路。本文认为PE作为现代经济中一个新的投资载体,对于企业发展和经济增长有着积极的影响,但当前国内的PE过于偏重投机性的短期投资,因而需要加强监管与价值投资的引导,对于因存在利益冲突和利益输送而受到质疑的券商直投业务,本文通过借鉴境外监管经验提出了相应的监管建议。 This article starts with PE corruption, which is hotly discussed in the current capital market, and analyzes the crux of PE corruption and its regulatory ideas layer by layer in the context of the constant supervision of capital markets in various countries in the post-crisis era. This paper argues that PE, as a new investment vehicle in the modern economy, has a positive impact on the development of enterprises and economic growth. However, at present, PE in China is too biased toward speculative short-term investments and therefore needs to be steered by supervision and value investment. Conflicts of interest and the interests of the securities firms questioned the direct investment business, this article by drawing on foreign regulatory experience and put forward the corresponding regulatory recommendations.