本文对封闭式基金和开放式基金的结构、形式和机制进行了比较,并结合美国等国家基金业发展的经验和我国基金市场的现状和发展模式的选择做出判断。本文的主要结论是:开放式基金与封闭式基金各有所长,在证券市场中的作用都具有不可替代性,两者同时运作,互补所短,相得益彰,共同推进我国证券市场的发展,促进其成熟。 This article compares the structure, form and mechanism of closed-end funds and open-end funds, and makes judgments based on the experiences of the development of the national fund industry in the United States and other countries as well as the current situation and development mode of the fund market in China. The main conclusion of this paper is: the open-end funds and closed-end funds have their own strengths and functions in the securities market are irreplaceable, both at the same time operation, complement each other short, complement each other and jointly promote the development of China’s securities market and promote It is mature.