A Study On Strategies For Development Of Security Investment Funds Of China

Security investment funds, as a financial investment tool, have a history of more than 100 years, but they develop less than 10 years in our country. Actually, from "security investment funds management temporary means" in 1997, their rather regular development is only more than 5 years. As we know, the security investment funds, as stock market and bond market, are in primary stage, so there are many problems, and they need grow urgently. This paper just starts from this point of view, and studies the developing strategies of security investment funds of our country.Starting from the status of security investment funds of our country, this paper analyzes the problems existing in security investment funds from the inside and the outside. At the inside problems, it mainly analyzes the problems in three parties, namely, funds holder, funds manager and funds trustee, involved in the funds management configuration. At the outside problems, it finds the issues from the aspects of lawmaking and market structure. Then, it aims at these issues to introduce deeds of other countries who have mature funds industry, at the same time, comparative analysis goes along in different countries, finally we put forward the strategies about security investment funds of our country.The meaning of the paper consists in a bit of advice for the coming on of the security investment funds' law. For example, the paper puts forward that we should make sure the entrust essence in the law of security investment funds, and correct the name, and build a new model about lawmaking model, that is, investors is client, and funds manager and trustee are assignee, and at the same time, much right should be given to the trustee in order to make him own much right and bear much duties. At the market structure problems, it analyzes them from four sides: putting forward that we should enrich our funds variety and how to enrich; putting forward we should enrich funds investors' variety and attract more individual investors; putting forward the strategies hi different ward moment; referring American estimation system-Morning Star, designing the system of our country, and putting forward particular evaluation means to build our funds estimation system.In writing the paper, the author used a great number of data to make it founded on the basis of reality, with the purpose of affording some suggestions and strategic questionings for the development of security investment funds of our country.