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Study On The Current Situation And Some Issues About China Securities Investment Funds

Posted on:2009-09-06Degree:MasterType:Thesis
Country:ChinaCandidate:Y P MaFull Text:PDF
GTID:2189360272983310Subject:Accounting
Abstract/Summary:PDF Full Text Request
Although Securities Investment Fund's development in China is only 9 years, the long the starting process and development has laid a good foundation for it. Especially after a long bear market and torment with five years, China's securities market goes ahead towards the bull market with an unstoppable momentum. Residents also show unprecedented enthusiasm for investment. Large number of idle funds needs more channels for the release. Securities investment funds quickly favored by the vast number of investors with its characteristics of low threshold, less risk, high return on investment, become the new darling of the stock market. Since 2006, China's fund industry has rapidly developed. Fund management companies and the number of the Fund's assets are on a newly heights. However, in contrast to foreign markets mature Fund, Its shorter development process makes it results a lot of issues. For example, fund management structure is imperfect; terms of information disclosure also has problems, financial market environment restrains on the fund market Etc. The paper produces against this background, from the Principal—Agent theoretical perspective on the China Securities Investment Fund, summarizes these problems generated by the system, seeks the root of the problems, and proposes the resolution of these issues by ideas and methods.This paper has six chapters. From these chapters, the author analysis these issues and proposes solutions to ideas. The first chapter is from the major background paper on the purpose and significance of research. The second Chapter outlines China's securities investment funds and the course of development of the existing problems, Chapter 3, 4mainly from the commission - Acting angle analysis of the causes of these problems. Chapter 5, 6 addresses to the author's solution and measures. The last part is the conclusion part, summaries of the article and Prospects the future.
Keywords/Search Tags:Securities Investment Fund, Principal—Agent, Fund Management, Inside Governance, Adverse Selection, Moral Hazard
PDF Full Text Request
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