Stud On The Supervisory System Of Privately Securities Investment Funds

Privately securities investment funds have existed several years in China, which deserved approval even pursuit from the market and the investors. However, contrary to the hot market, the government hasn't confirmed its legal position up still now, which severely restrict its development. The revising Securities Investment Funds Law is planning to supervise privately securities investment funds, but the academia is in dispute over some matters, such as the actual necessity of supervising privately securities investment funds, especially the boundary of the supervisory system. The thesis will try to study on the matters and make suggestions on the constitution of the supervisory system of privately securities investment funds.The thesis includes four sections. The first one, the General Introduction Of Privately Securities Investment Funds, dissects the basic concepts and other concepts that related to privately securities investment funds at first, then concludes its characteristics and analyses its legal attribute, and introduces the developmental history of privately securities investment funds in China at last. This section gives backgrounds for the following analysis.The second section is the Necessity Of Supervising Privately Securities Investment Funds. The analysis of this section is based on dissecting the risks of privately securities investment funds, then it analyses the effects of supervision, such as controlling the risks of securities market, protecting the investors and promoting financial industry's development. This section draws a conclusion that it's necessary for China to supervise privately securities investment funds.The third section, the Supervisory Systems Of Privately Securities Investment Funds Of Other Countries And States, studies on the supervisory systems of privately securities investment funds of some countries and states, which includes USA, Britain, Germany, Japan, Hong Kong and Taiwan. They are good examples of supervisory system's constitution to China.The fourth section, Reflections On The Constitution Of The Supervisory System Of Privately Securities Investment Funds, analyses the distinctive values of privately securities investment funds at first, and considers that China's supervisory system should be rational; then applies the theories of law and financial supervision to dissect the rational boundary of supervisory system of privately securities investment funds; and tries to constitute China's supervisory system of privately securities investment funds in the rational boundary at last.