Sovereign Wealth Fund Transparency Of Legal And Regulatory Research

After the international financial crisis in 2008, sovereign wealth funds (SWFs), as one of the most important force of extraversion investment channel, are faced with the challenges that the host countries hamper SWFs by the security reasons of politics and economy. It is imminent to improve transparency of SWFs.The author chooses SWFs transparency system as the research object, and tried to seek the reasonable and effective way of SWFs transparency improvement. In the sight of homeland the author analyzes China's SWFs status and existing problems detailedly, base on SWFs transparency theory source and foreign examples of successful practice of transparency, according to the related legal system of constitutional and corporation laws, find solutions that can be used for reference to perfect China's SWFs management.In addition to the introduction and conclusion, the paper is divided into five chapters. The first chapter, the author introduces the basic attribute of SWFs, the legal characteristics and development course. The low transparency of SWFs introduced emphatically leads to the attention and concern from international society and domestic investor.The second chapter, the author focuses into SWFs transparency theoretical basis and supervising actuality. First it is proposed that enhancing SWFs transparency is based on the constitutional requirements. Secondly, relevant indicators of the current domestic and foreign about SWFs transparency are summed up for comparison. Then from the perspective of domestic law to sovereign wealth funds, the legal supervision status is expounded, further the author analyzes SWFs for legal supervision of transparency trend of The Times.The third chapter, the author discusses the SWFs transparency applicable laws criterion and legal supervision for SWFs of homeland. Through the relevant domestic research and analysis to the European Union and the United States and other major investment recipient laws and policies, the author tries to provide advice for our country SWFs operation in worldwide in order to avoid investment risk. Also through the comparative analysis of the mature SWFs of other countries, the author provides reference to consummate our country SWFs management mode.The fourth chapter, the author selected the benefit gambling of homeland for the SWFs transparency supervision as unique perspective. From the two sides of reform and stand, there is fundamental interest driven and hedge intentions behind the homeland enhancement in SWFs transparency.The fifth chapter, the author works on China's SWF development and regulation, discussing the supervision of transparency operation of China Investment Corp. In the end, this paper provides suggestions against disadvantages and puts forward the relevant proposals that we should adhere to the position in the international legislation process of SWFs transparency.