Study On Some Problems In Supervising And Administrating The Securities Investment Fund

The generation of securities investment fund influences China's economy deeply, its development has come to be one of the engines to propel China's economy. Because of the complexity of the securities investment fund and some others , if we want to ensure the continuous, healthy and rapid development of the securities investment fund , we should legislate on securities investment fund separately. Then relevant action of subject of regal relation on securities investment fund can be correctly led , and the relation of each other can be regulated. Since the generation of the investment fund , sorts of illegal actions happened continuously. In the end of last century The Fund Darkness event took place. It deeply hit the confidence of the investors of investment fund, destroyed the image of the trade of investment fund, and led to the generation of the Law of The Republic of China on Securities Investment Fund.But because of the complexity of the trade of the investment fund, lack of the relevant practice, disagreement on some of the aspects on the law and so on, when Law of The People's Republic of China on Securities Investment Fund was made , some difficult problems which is quarreled severely, have been avoided . Thus with the development of investment fund, the law has not adapted to the needs of securities investment fund's further development in many aspects. Many problems such as the definition of securities investment fund , trade of the open fund , application bound of Law of The People's Republic of China on Securities Investment Fund , investment bound of the securities investment fund , financing of securities investment fund, the fund trustees and its duties , the supervision and administration to privately offered fund and corporate fund need to be regulated , modified and perfected . So that we can propel the innovation to trade of investment fund efficiently , eliminate the vacation of supervision according to laws , prevent and punish all sorts of illegal actions , reconstruct the good image of trade of the investment fund.The writer points out some illegal phenomena existing in the trade of securities investment fund based on analyzing the defects in carrying out the laws and administrative regulations . And he further give some suggests to perfect the Law of The People's Republic of China on Securities Investment Fund and relevant administrative regulations . It includes making the administrative regulations for privately offered fund and corporate fund rapidly , adjusting the application bound of Law of The People's Republic of China on Securities Investment Fund and investment bound of securities investment fund , permitting the necessary financing of securities investment fund and trade of open fund , unloosening the competition in the trade of fund trust and further perfecting the fund trustee's duties .Trough the constructure and perfection of laws on investment fund , its basis is built and the trade of securities investment fund will be fair , credit, honest and transparent. Ensure the healthy development of the trade of securities investment fund.