| In the last few years, securities investment fund industry gains globally swift development. Fund scales and products expand increasingly. Fund industry's integrated degree is getting higher and higher. Meanwhile, securities investment fund industry's globalized development has brought new supervision problem. International Organization of Securities Commissions (IOSCO) carries on detail rules and regulations on securities investment fund and fund managers'supervision, fund owner's protection, fund interstate administration, and so on. In addition, IOSCO's Objectives and Principles of Securities Regulation introduces the elaboration to a country government regulator and self-regulation. All of these become our country's standard or reference in improving securities investment fund rules and regulations.Since new Securities law and Company Law enacted, China's securities investment fund industry has been obtaining splendid achievements. However, fund owner's risk awareness'shortage, fund managers interior incentive mechanism's bug,"QFII in"and"QDII out"bring newly administrative problems, which restrained fund industry falling into difficult positions. At the same time, our country securities investment fund supervision system has several disparities to IOSCO on rules, government regulators and self-regulations.Referencing and researching IOSCO's public documents, this article provides series of specific measures to improving our country securities investment fund supervision rules as following aspects. First, expand the scope of Securities investment Funds Law. Second, Advance fund managers'supervision. Third, strengthen fund owner's protections. Fourth, draw on fund interstate rules by unilateral legislative way. Fifth, make government regulator's code standardization on executive and legislative functions. Sixth, strengthen stock market and autonomy organizations'self-regulation.
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