China’s Securities Investment Fund Transformation And Development Trend Analysis

Securities investment fund as a financial investment tool, has been 100 years of history, but in the history of China’s development of a brief, but more than 20 years, the development of track is from the 1997 release of "Interim Measures for the administration of securities investment fund" date. One can imagine, the securities investment fund in China is still in the primary stage, as China’s stock market, bond market, it exists some problems, the urgent need for the transformation of development. This article is from this perspective, to explore the transformation strategy of development of China’s securities investment fund.The system of the securities investment fund China introduced in twentieth Century 80’s and has a rapid development, has become an important part of the financial market Chinese. This is to broaden the investment channels for small and medium investors, financial structure optimization, promote the stable and healthy development of the securities market, improve the system of financial and social security play an important positive role. However, in the development of China’s securities investment fund also exists in the lack of supervision, the interests of transportation, Function Dissimilation and other negative factors, so that China’s securities investment fund transformation has become the inevitable.For the healthy development of exploration, China’s securities investment fund industry governance strengthening way, fully draw on the successful experience of advanced countries. This paper analyzes the development process, the developed countries in the world of securities investment fund management, present situation and operation mode of asset allocation and supervision mechanism is analyzed in detail, looking for meaningful experiences and lessons for the development of Chinese securities investment funds from securities investment funds, see Chinese transformation direction from the experience of foreign countries.This text is divided into six chapters. The first chapter is the introduction, introduces the research background and purpose, the research content of this paper, research methods and main innovation points etc.. The second chapter is a summary of the development of securities investment funds and securities investment fund industry, firstly introduces the meaning, characteristics and types of securities investment fund. The third chapter, briefly introduces the origin and development of securities investment fund background and focuses on the international comparison of the development of securities investment funds, securities investment funds in the development status is American, Britain and Japan, and from the analysis of developed countries and Enlightenment to China. The fourth chapter introduces the development situation of China’s securities investment fund industry, including two aspects of evolution and development of the historical status, the final analysis of the existing problems of China’s securities investment fund. The fifth chapter focuses on the analysis of influence factors in China’s securities investment fund development in transition, and the approach of the transformation and the future direction of development, this chapter carries on the thorough analysis to the above problems, in order to lay the foundation for finding solutions. The sixth chapter analyzes the countermeasures to promote the healthy development of China’s fund industry, which is aimed at the existing problems, proposes the corresponding improvement strategy.In general, this article from the economic theory of fund governance, in the development of the foreign developed countries, securities investment funds in the process of institutional change, based on the analysis of the fund mode, to our country the development of investment fund and management system are analyzed in detail, puts forward developing strategy.