Research On Legal Regulation Of "Rat Trading"

Tang Jian who is the fund manager of "Growth Vanguards Fund" that one of the funds in China International Fund Management Co., Ltd is suspected of "Rat Trading" by China Securities Regulatory Commission. His case is used to be a typical case to draw out the gist of this paper: legal regulation of "Rat Trading". In the content, this paper is divided into four parts.The first part explains the basic concept,the characteristic and the harm statement of "RatTrading". Through the comparative analysis method, the second part summarizes the useful measures in regulating "Rat Trading" in foreign law on funds for investment securities from which we can draw lessons. Using historical analysis method, the third part elaborates the progress in regulating "Rat Trading" with law, admires what we have done successfully in legislation and promulgates the questions and the flaws. The fourth part is the utmost part in this paper. In this part, after comparing and analyzing the legislation in foreign and in our country, Ipresent some measures to regulate "Rat Trading" with civil law,administrative law,criminal lawand supporting measures. On the basis of referring the foreign successful legislation experience on securities investment fund and considering the situation of securities investment fund market and the legal system background in China, this paper seeks to find some useful legal measures in regulating "Rat Trading".