摘要： 隐名出资在我国远未形成系统理论，《公司法解释（三）》（法释［2011］3号）的相关规定不乏矛盾甚至错误之处。对隐名出资现象，本文尝试进行类型化归纳，探讨隐名出资合同构造自由的边界，尤其与现行公司法制度间的协调，主张隐名出资的法律性质是实际出资人的间接参股，其背后的合同有信托型与合伙型两种形式，进而在此前提下，分析隐名出资所牵涉的各方面关系的具体内容。

关键词: 隐名出资, 间接参股, 信托型隐名出资, 合伙型隐名出资

Abstract: Theory on dormant investment in China is far from systematic. Relevant articles in Provisions on Several Issues Concerning the Application of the Company Law of P. R. C (III) contradict with each other and some are even erroneous. This paper tries to categorize dormant investment and explore the boundary of freedom of dormant investment contracts, especially its coordination with Company Law. It concludes that the legal na- ture of dormant investment is the indirect contribution of shares of actual investors, and the underlying contracts may take the form of trust or partnership. This paper then analyzes the specific contents of relationship between different parties concerning dormant investment.

Key words: Dormant Investment, Indirect Contribution of Shares, Dormant Investment in the Form of Trust, Dormant Investment in the Form of Partnership