中国视角下主权财富基金的法律监管研究

发布时间：2018-01-31 21:57

本文关键词： 主权财富基金国际投资法律监管　出处：《上海交通大学》2011年硕士论文　论文类型：学位论文

【摘要】：主权财富基金的兴起引起了国际社会的广泛关注。主权财富基金类似私募基金,其境外投资也属于国际投资,但原本的各国国内法(关于外商投资和私募基金)和国际法(双边投资条约)不足以对主权财富基金进行监管。各投资东道国积极新立或修改国内法,增加或加强国家安全审查的内容,以应对主权财富基金的投资。国际社会针对主权财富基金也作出了努力,形成了包括圣地亚哥原则、主权财富基金国际论坛以及经济合作组织的政策指导在内的国际法文件。在如上的国际环境下,我国应当从两方面作出应对。一方面在国内法层面上,加强外资并购国家安全审查机制。我国须将外资并购国家安全审查部级联席会议机构化、长期化,赋予其更大的权限;将外管局纳入联席会议;联系会议在审查过程中须区别对待主权和非主权背景的投资者。另一方面在国际立法层面上,我国应积极参与国际立法。我国在主权财富基金国际立法上的重心可以放在两个方面,一是努力将投资东道国对待主权财富基金投资的监管政策讨论纳入主权财富基金国际论坛的讨论当中,形成相关文件与圣地亚哥原则并行;另一是积极拓展主权财富基金国际论坛这个国际平台的作用,利用其进入国际金融新秩序的建立。
[Abstract]:The emergence of sovereign wealth funds has aroused the widespread concern of the international community. Sovereign wealth funds are similar to private equity funds, and their overseas investments are also international investments. However, the original domestic laws (on foreign investment and private equity funds) and international law (bilateral investment treaties) are insufficient to regulate sovereign wealth funds. National security reviews have been added or strengthened to respond to investments by sovereign wealth funds. The international community has also made efforts to address sovereign wealth funds, including the Santiago principles. International Forum on Sovereign Wealth funds and Economic Cooperation Organization policy guidance including international law documents. In the international environment such as above, China should deal with it from two aspects. On the one hand, on the level of domestic law. Strengthen the national security review mechanism of foreign capital mergers and acquisitions. Inclusion of safe in joint meetings; In the context of the review process, the Conference needs to distinguish between investors from sovereign and non-sovereign backgrounds... on the other hand, at the level of international legislation. Our country should take an active part in international legislation. The focus of our country's international legislation on sovereign wealth funds can be put on two aspects. First, try to integrate the investment host country's regulatory policy discussion on sovereign wealth fund investment into the discussion of the sovereign wealth fund international forum, and form the relevant documents parallel to the Santiago principle; The other is to actively expand the role of the International Forum of Sovereign Wealth funds as an international platform and use it to establish a new international financial order.
【学位授予单位】：上海交通大学
【学位级别】：硕士
【学位授予年份】：2011
【分类号】：D996.4;D922.295

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