主权财富基金透明度法律监管研究

发布时间：2018-07-07 17:29

本文选题：主权财富基金 + 透明度　；参考：《复旦大学》2011年硕士论文

【摘要】：经历了2008年国际金融危机之后,主权财富基金作为各国外向性投资主渠道之一的一股最为重要新兴力量,正面临着各东道国以国家政治和经济安全为由加以阻碍的挑战,提高主权财富基金透明度的要求迫在眉睫。笔者以主权财富基金的透明度制度为研究对象,以寻求合理有效的提升主权财富基金透明度的途径为诉求,透过母国角度详细分析中国主权财富基金的现状和存在的问题,从主权财富基金透明度的理论源泉和国外透明度成功实践的范例中,依据现有的宪政法理和公司法相关制度,力图找到中国主权财富基金透明度可借鉴之处。除引言和结语外,全文共分为五章。第一章中,笔者介绍了主权财富基金的基本属性、法律特征以及发展历程,重点描述了主权财富基金低透明度的特征,引出国际社会和国内投资者对主权财富基金透明度的关注与担忧。第二章中,笔者聚焦到主权财富基金透明度的理论基础和监管现状,先是提出增强主权财富基金透明度是基于宪政理念的要求,并整理归纳出当今国内外主权财富基金透明度的相关指标以供比照。继而从国内法的视角,对主权财富基金的法律监管现状进行阐述,进一步分析对主权财富基金透明度进行法律监管的时代趋势。第三章中,笔者详细探讨了主权财富基金透明度适用的法律准则和投资母国针对主权财富基金的法律监管。通过对欧盟和美国等主要投资接受国的国内相关法律和政策的研究和分析,为我国主权财富基金在世界范围内的投资提供参考意见,规避投资风险；通过比较分析世界上较为成熟的主权财富基金,为我国提供借鉴,完善我国主权财富基金的治理模式。第四章中,笔者选取了母国对于主权财富基金透明度监管的利益博弈为独特视角,从改革和坚守的正反两面,阐述母国对主权财富基金透明度的提升背后,存在的根本利益驱动和避险意图。第五章中,笔者着眼于中国的主权财富基金发展及监管,对中国投资有限责任公司进行了剖析,对透明度运作的监管现状进行了阐述,针对不足之处给出了改进意见,并对我国在主权财富基金国际透明度制度立法过程中应坚持的立场提出了相关建议。
[Abstract]:Following the 2008 international financial crisis, sovereign wealth funds, as one of the most important emerging sources of outward investment in countries, are facing the challenge of being hindered by host countries on the grounds of national political and economic security, Calls for greater transparency in sovereign wealth funds are imminent. Taking the transparency system of sovereign wealth funds as the research object and seeking a reasonable and effective way to enhance the transparency of sovereign wealth funds, the author analyzes in detail the present situation and existing problems of China's sovereign wealth funds from the perspective of home country. From the theoretical source of transparency of sovereign wealth funds and the successful examples of transparency in foreign countries, according to the existing constitutional legal principles and the relevant systems of company law, the author tries to find out what the transparency of Chinese sovereign wealth funds can learn from. In addition to the introduction and conclusion, the full text is divided into five chapters. In the first chapter, the author introduces the basic attributes, legal characteristics and development process of SWFs, focusing on the characteristics of low transparency of SWFs. Lead to the international community and domestic investors on the transparency of sovereign wealth funds concern and concern. In the second chapter, the author focuses on the theoretical basis and regulatory status of the transparency of sovereign wealth funds. Firstly, the author puts forward that enhancing the transparency of sovereign wealth funds is based on the requirement of constitutional concept. And collate the relevant indicators of the transparency of sovereign wealth funds at home and abroad for comparison. Then from the perspective of domestic law, this paper expounds the current situation of the legal supervision of SWFs, and further analyzes the trend of legal supervision of SWFs. In the third chapter, the author discusses in detail the applicable legal rules of the transparency of sovereign wealth funds and the legal supervision of sovereign wealth funds in home countries. Through the research and analysis of the domestic laws and policies of the major recipient countries such as the EU and the United States, this paper provides reference for the investment of China's sovereign wealth funds in the world, and avoids the investment risk. Through the comparative analysis of the more mature sovereign wealth funds in the world, this paper provides reference for our country and consummates the governance mode of our country's sovereign wealth funds. In the fourth chapter, the author chooses the interest game of the home country to supervise the transparency of the sovereign wealth fund as the unique angle of view, from the positive and negative sides of the reform and stick to, expound the promotion behind the transparency of the sovereign wealth fund of the home country. There are fundamental interests driven and risk-averse intentions. In the fifth chapter, the author focuses on the development and supervision of China's sovereign wealth fund, analyzes the limited liability company of China's investment, expounds the present situation of the supervision of transparency operation, and gives some suggestions for improvement. It also puts forward some suggestions on the position that our country should adhere to in the process of the international transparency system of sovereign wealth funds.
【学位授予单位】：复旦大学
【学位级别】：硕士
【学位授予年份】：2011
【分类号】：D996.4

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