On Corporate Fund Being Better Choice For Fund Legislation In China

Corporate fund and Contractual Fund are the two basic organizational forms of fund. America fund is the representative of corporate fund legislation.Securities Investment Fund Law in our country regulates the contractual fund. These two kinds of fund play different roles in fund governance. In addition to Introduction and Conclusion, the thesis includes three chapters.Chapter One mainly explains the basic meaning and the different characters of Securities investment fund. As a kind of investment tool,fund bears the dangers of being abused by fund managers. So we must protect the investors from the danger by fund governance. It also draws a comparison between different kinds of fund including corporate fund and contract fund from many aspects,and lays theory foundations for the in-depth analyses of the following text.Chapter Two first discusses the characters of fund legislation in America and China, then points out that corporate fund in America is governed by shareholders while contractual fund in our country is governed by the fund's supervisors. The paper thinks the reason for that is the different jurisprudence. The former's jurisdiction is agent while the latter's trust.The last Chapter of the paper first introduces different views opposing developing corporate fund in China, and then responds the views, and further points out that corporate fund is more suitable for our country than contractual fund. In the end of the paper, the author analyses the feasibility for our country to develop corporate fund.