International Contrast Of Several Problems Of Securities Investor Protection Fund And Reference

Securities Investor Protection Fund (SIPF) is an investor protection important system, and plays a key role in stability of securities market. Because of the difference of securities market development and supervisory modes, many countries and areas'SIPFs are also different. The paper builds a framework of contrast: at first introduces the SIPFs of American, EU, UK, Germany, Ireland, Canada, Australia, Taiwan, Hong Kong, then summarizes the experience modes, law and trend of legislation, organization, corporate governance, raised capital, compensation of SIPFs in the world.Although China securities market is a fresh market, but the investors draw their capital from the market and many investment companies have bankrupt. So, China has passed Administration Rules for SIPF on June 30, 2006 and set up SIPF Corporation on August 31. It indicates that Chinese Securities Investor Protection Fund (CSIPF) is underway. That has very important significance. CSIPF not only cancels the limitless responsibility of Chinese Government for the bankrupted investment companies, but also provides a long-term stability system for securities market. However, CSIPF has many imperfect aspects. Referring experience of many countries, I put some suggestions for CSIPF.Innovations: 1. I sum up the development modes of SIPFs on legislation, organization, corporate governance, raised capital, compensation;2. I summarize some general laws and trend of SIPFs on legislation, organization, corporate governance, raised capital, compensation;3. I put some suggestions for legislation, organization, corporate governance, raised capital, compensation of CSIPF.