一、我国封闭式基金的制度性缺陷分析我国封闭式基金的诞生和发展,是管理层由行政性力量推动,出发点是打破当时中国证券市场的旧有势力格局、优化市场环境、树立正确的投资理念。限于历史条件及制度环境的制约,我国封闭式基金在制度设计上明显存在种种缺陷及不足,严重影响其市 First, the analysis of the institutional defects of China’s closed-end funds The birth and development of China’s closed-end funds is the management driven by the administrative forces, the starting point is to break the pattern of the old forces in China’s securities market, optimize the market environment and establish the correct investment idea. Limited to the historical conditions and the constraints of the institutional environment, China’s closed-end funds in the system design, there are obvious shortcomings and deficiencies, seriously affecting the city