摘要： 随着我国基金业的发展与壮大，关联交易日益突出。在理论上，基金关联交易存在是否需要监管之争，在实践上监管则存在着不同的模式。经综合论证，适度监管是解决问题的最好办法。然而，适度监管的前提是对基金关联交易监管模式的正确选择。我国目前基金关联交易监管采用的是我国台湾地区监管模式，这种监管模式弊端很多，基金运行的实践已经对其提出了严峻的挑战。因此，我国目前面临着重新选择基金关联交易监管模式的艰巨任务。理论与实践证明，我国采用美国式的基金关联交易监管模式具有可行性。

关键词: 投资基金 , 关联交易 , 监管模式

Abstract: Affiliated trade is more and more prevalent in the course of the development of the Fund business in P．R China．There are different modes to regulate it in practice，although the dispute upon it still exists in academic arena．More and more researches show that the choice of a proper regulating mode as well as regulation within measure may be the best way to settle this issue．At present，the regulating mode at the Mainland of China borrowed from Taiwan，which contains many disadvantages and has been challenged by the practice of Fund business．In other words，substituting a proper one of regulation modes for the present one is the main task for US，and it has been proved theoretically and practically that the American style of regulation model is more feasible for US Mainland of China．

Key words: investment fund, affiliated trade, regulation mode