Study Of The Development Of China's Fund Management Companies

The security investment fund has already become one of the most important institutional investors in the world, and its development in our country is in the ascendant. Fund management company is the core in the organizational system of fund. Its development often determines the development level of fund. Studies on fund management company in our country has important theoretic and realistic meaning. This text attempts to analyses the foothold of fund management company development in terms of agency theory, and bases on this to propose development strategy.The frame of this text divides into four parts: The first part points out the background and frame of the thesis, and defines the writing scope of the thesis. Second part explains fund management company with agency theory and proposes that its development should base on maintaining interests of fund investors. From this, the third part analyses experimentally the current situation of fund management company in our country and contrasts with the foreign fund management company. Fourth part have put forward countermeasure to its development. Macroscopic strategy: Market-oriented reform; Transform of supervise system; Internationalization. Micro-measure includes: Optimization of company's governance structure; Strengthen the risk management of the company and innovation of product design. Relevant institutional environment of its development are proposed finally.