A Study On The Legal Organizational Types Of Onshore Foreign-Managed Ship Fund

In light of addressing the finance bottleneck faced by our shipbuilding and shipping industries, and to create new ship finance methods in China, we did a sound research into the legal organizational types to establish ship funds in China with reference to those overseas ship fund modes. In consideration of the huge amount of capital needed in these industries, we may not rely on state owned capital only, and were required to introduce those civil capital. The article focused on introducing those ship fund managers with foreign backgrounds and studying on their proper legal organizations to operate and run the fund investment under PRC laws.In light of the above, the first chapter would give a definition on what onshore foreign-managed ship funds are and their functions. In chapter two, we would introduce three overseas sophisticated ship funds modes and to compare them with our current legal background in order to locate the most suitable one. In chapter three, with focusing on limited partnership as the ideal ship fund mode and in consideration of foreign invested fund managers as general partner, we would analyze and compare two modes comprehensively in the background of our current central and local levels of rules. In chapter four, we suggested relevant local governments to issue new rules to specify the legal status of ship funds we studied in this paper to create a level field for them to compete with their domestic counterparts, with the purpose to better use this mechanism to expand our ship finance methods.