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Research On Legal System Related To The Opening Of The Securities Investment Fund In China

Posted on:2008-12-24Degree:MasterType:Thesis
Country:ChinaCandidate:Y ChengFull Text:PDF
GTID:2166360215990820Subject:Economic Law
Abstract/Summary:PDF Full Text Request
The opening of the securities investment fund is an important step for the opening of Chinese securities market as well as a necessary process for China to enter into the international financial market. According to the commitments to schedules in the securities service sector after China's accession into the WTO, China opens its securities investment fund to the world and gives permission to the establishment of the joint venture fund management company. Subsequently, the capital market was also opened by degrees. The investment of foreign and domestic funds to the securities market between China and the world is realized via QDII and QFII. The opening process of securities investment fund is also the process for the improvement of legal system on the opening of the securities investment fund. The purpose of this thesis is to attempt to improve the legal system on the gradual opening of the securities investment fund in China. Meanwhile, the legal system would take effect in insuring and protecting the gradual opening of Chinese securities investment fund while the regulatory mechanism would ensure the effects of the opening of securities investment fund.Firstly, this thesis generally introduces the opening of the securities investment fund. Next, it introduces the experiences of the opening of the securities investment fund on the burgeoning securities market, which take Korea and Taiwan as the representatives. Thirdly, the thesis analyzes the opening and the legal system of Chinese securities investment fund. At last, the author proposes suggestions for the improvement of the legal system on the opening of securities investment fund in China.The first part is a general introduction of the opening of the securities investment fund. As for the securities investment fund, this thesis gives a very detailed description of its definition, characteristics and classification. Besides, it also analyzed the reasons, the conditions and the forms of the opening of the securities investment fund.The second part is the description of the opening of the securities investment fund in burgeoning securities markets and its legislation. Based on the analysis of the development of the global securities and the opening of rising securities markets, this thesis introduces the opening and the legislation of the securities investment fund in Korea and Taiwan. Taking the opening of the securities market in Korea and Taiwan as its background, this section analyzes the opening of Korean and Taiwan's securities investment fund. Then based upon what have been discussed,this thesis summarized the experiences of the opening of the securities investment fund in rising securities markets. With these experiences, the opening of Chinese securities investment fund could get many useful references.The third part mainly discusses the process and the actuality of the opening of Chinese securities investment fund. When China accessed into the WTO, China made commitments in the financial service sector, including the opening of the securities investment fund service. In fact, beyond the scope of the commitments, the capital market is also opened to the outside world. Thus, the foreign funds are able to invest domestic securities market via QDII and the domestic funds are able to invest foreign securities market via QFII. In the future, China will open the securities investment fund step by step followed the principle of the gradual opening. Through the analysis of the actuality and the development trend, this thesis puts forward the challenges the opening of the securities investment fund would bring to China.The fourth part is about the existing legal system on the opening of Chinese securities investment fund. For the legislation, the author analyzes the legal system on the opening of Chinese securities investment fund. For the executing of the law, the author introduces the regulatory institutions and the regulatory manners. Based on the analysis, this thesis points out the shortcomings of the legal system on the opening of Chinese securities investment fund with the reference to the experience of Korean and Taiwan.The fifth part discusses the improvement of the legal system on the opening of Chinese securities investment fund. The improvement deals with the legal system and the regulatory mechanism. As for the legislation, this thesis would illustrate its suggestions of setting up the legal system suitable for the opening on Chinese securities investment fund. As for the executing of the law, this thesis would bring forth some useful methods in the improving of Chinese domestic regulatory mechanism and the strengthening of the international regulatory cooperation.
Keywords/Search Tags:Securities Investment Fund, the Opening, Legal System, Regulatory Mechanism
PDF Full Text Request
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