The Research On The Governance Of Fund Management Company In China

Securities investment fund (hereinafter refer to"fund") has become important in today's China. It belongs to the unitary contract mode in governance structure in china. The legal relationship between parties in the fund of contract mode, in fact, is a fiduciary relationship, in which the trustees of the legal relationship (the fund trustee,fund management company) manage the property for client (fund holder).In the fund, it centralizes the investment fund by issue fund unit and coverts the fund to fund manager and trustee to pursue security investment. In the fund the fund management company plays a key role. For a better fund governance structure, the governance of the fund management company is particularly important. The purpose of the fund is to benefit the fund holder, and the operation of trustees is also for the fund holder. Therefore, the operation of the fund management company is for fund holder and the goal of the corporate governance of the fund management company is to the fund holder's protection. In order to prevent management company to abuse its advantage, deal with the risk of trustees'morality of it, the governance of the fund managers is particularly important. Therefore, it is necessary to establish a set of reasonable governance to rule the fund management company and to protect the fund holders'interests. As a result of the governance of fund management company is different from the governance of general corporate, the governance structure of the fund management company should be with its characteristic element. Based on the research of the governance of the fund management company in china, including the internal governance and the external governance, it makes some recommendations on the problems in the thesis. In the thesis, there are there sections. In the first section, by the research on the legal relationship of the fund, the goal of the fund management company is found .In the second section, the internal governance structure is researched. In the third section, the external governance structure is researched. By the research of the thesis, it is to promote governance of the fund management.