On The Supervision Of Sovereign Wealth Funds

Sovereign wealth funds have emerged as important investor in global financial market,attracting growing attention.Because of little is known about the investment objectives and performance,we concerns that sovereign wealth funds investments may serve political objectives and be in conflict with national interests.This paper aims at,through exploring sovereign wealth funds existing reasons,governance structure,investment strategies,transparence, recipient countries investment policies,setting up guidelines for sovereign wealth funds and recipient countries,keeping open market and freedom capital flow.This paper consists of three parts---the preface,the text and the conclusion.The text contains four parts:Chapter one,Summarize of Sovereign Wealth Funds.we explore the definition and character of Sovereign wealth funds,why do those countries set up Sovereign wealth funds and their development.Chapter two,The supervision of home countries.This chapter,we analyse the Government Pension Fund Global,Government of Singapore InvestmentCorporation,Temasek Holdings,China Investment Corporation.Ltd.Then we discuss the basic principles,governance structure,investment strategies,disclose,etc.In course of discussion,we put forward the governance institution for sovereign wealth funds.Chapter three,The supervision of recipient countries.This chapter focus on existing foreign investment review of developed countries,mainly America and Australia,we discuss recipient country investment policies,include basic principle and standard of review and process.Chapter four,Intermediation of supervision of sovereign wealth funds in international community.This chapter is about debating about whether we should establish special rules for sovereign wealth funs of international community,and explores the hard work of relationships for best practices toward investments from sovereign wealth funds.To the end,we discuss Generally Accepted Principles and Practices(GAPP) for sovereign wealth funds proposed by International Working Group of sovereign wealth funds as guideline for sovereign wealth funds' appropriate governance,accountability and investment conduct.