A novel family of hybrid catalyst with high turnover frequency (TOF) and high selectivity towards aldehydes for hydroformylation of olefins could be successfully approached through direct coordination with the PPh3 ligand to the highly dispersed Rh metal particle precursors. A further advantage is that the catalyst is easily prepared and recyclable. The results revealed that hydroformylation of olefins to aldehydes dominantly took place on the surface of PPh3 ligand modified Rh metal particles of the hybrid catalyst. It was found that the formation of chemical coordination bond between the Rh metal particles and the lone-pair electron of PPh3 was evident through the TG and P-31 NMR measurement. Moreover, the addition of PPh3 onto the Rh/SiO2 exert a significant influence on the adsorption state of reactant CO, H-2 and C2H4 on the PPh3-Rh/SiO2 sample, which probably lead to good catalytic performances for hydroformylation of olefins. (C) 2004 Elsevier B.V. All rights reserved.