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Research On The Supervision System On Privately Offered Securities Investment Fund

Posted on:2018-10-06Degree:MasterType:Thesis
Country:ChinaCandidate:J J ChenFull Text:PDF
GTID:2346330518950585Subject:legal
Abstract/Summary:PDF Full Text Request
In recent years,with the rapid development of China's privately offered securities investment funds follows the relevant disputes.The amount and complexity of new types of cases about fund management increases year by year.The most important reason behind this is that the legal supervision system of China's privately offered securities investment funds is imperfect.There are many blank areas,fuzzy expressions,partial divisional supervision problems and other issues.This phenomenon leads to new challenges for legislators and regulators,as well as new requirements for the existing regulatory system of risk prevention.With the implementation of the revised "Securities Investment Fund Law",China's first non-public fund-raising fund was formally included in the scope of funds under supervision,established the regulation system of the private equity industry,which combines the regulation of the State Council securities regulatory agencies with the industry self-management,mainly on the industry self-regulatory system.At the same time,the intensity of the protection of China's fund shareholders continues increasing.Especially from the second half of 2015,under the guidance of the China Securities Regulatory Commission,Asset Management Association of China introduced a number of private equity fund regulation policies,opened a new chapter in the supervision of private equity industry.However,due to the imperfection of the industry association organization system of China's private equity in current,there are still some problems,such as too much government intervention,too much focus on service and too little on self-discipline and so on,which is not conducive to the healthy and orderly development of China's privately offered securities investment funds industry.This paper focuses on the privately offered securities investment fund among private equity fund.Through the analysis of the status quo of China's privately offered securities investment fund supervision,this paper sums up the problems of the current regulatory.In view of the problems of supervision,we try to construct a framework to improve the supervision system of privately offered securities investment funds in China by further comparing the supervision system of private funds in the United States,Britain and Japan.In addition to the introduction and conclusion,this paper is divided into four parts:The first part is the overview of privately offered securities investment funds.This part expounds the concept of privately offered securities investment funds,and introduces the characteristics of privately offered securities investment funds by comparing it with the raised fund.Finally,it introduces the four forms of privately offered securities investment funds in China.The second part is the status quo and shortcomings of the supervision system of privately offered securities investment funds in China.This part summarizes the specific problems existing in the supervision of privately offered securities investment funds in China from the aspects of the entry stage,distribution mode,information disclosure and third party service institutions of privately offered securities investment funds.The third part is the comparative study on the legal supervision system of overseas privately offered securities investment funds.This part introduces the supervision system of privately offered securities investment funds in the United States,Britain and Japan from the perspectives of regulatory mode and regulatory content,and then extracts the experiences available for our study.The fourth part is the perfection of the supervision system of privately offered securities investment funds in our country.This part puts forward the following suggestions to improve the supervision system of privately offered securities investment funds in China: firstly,improve the access supervision of privately offered securities investment funds and their managers in China,and add the exemption for filing and funding source audit system;secondly,improve the supervision from the numbers and the ways of the issuance of the privately offered securities investment funds;thirdly,improve the information disclosure system from the issue stage and operational phase of the privately offered securities investment funds;Fourthly,strengthen the supervision of the privately offered securities investment funds by the third-party service agencies and the regulatory system of the third-party service agencies by the regulatory authorities;Fifthly,innovate the protection system of the investor of the privately offered securities investment funds.
Keywords/Search Tags:privately offered securities investment fund, industry regulation, system design, investor protection
PDF Full Text Request
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