我国契约型私募基金的法律监管

发布时间：2018-01-07 19:19

本文关键词：我国契约型私募基金的法律监管　出处：《山东大学》2016年硕士论文　论文类型：学位论文

【摘要】：私募基金是一种为满足特定人群投资需求而设立的集合投资方式,契约型私募基金是对私募基金从组织形式上划分后的一种基金形式。通常契约型私募基金是由基金管理人出于特定的目的而发起设立,通过与投资者、基金托管人签订基金合同来约定各自的权利义务,投资者通过购买基金份额的方式将资金交给基金管理人,基金管理人对募集的资金进行专业化管理并交由基金托管人托管,投资者按照其持有的基金份额享受投资收益并承担相应的风险。相对于其他组织形式的私募基金而言,契约型私募基金具有设立简便、操作灵活、运行成本低等优势,因此在私募新规之后,契约型私募基金越来越受到很多基金管理机构和投资者的青睐。在当前的金融市场中,私募基金得到了快速的发展并成为资本市场上重要的投资来源,我国的私募基金虽然起步较晚,但发展规模很大,尤其是私募新规的颁布,为契约型私募基金的发展提供了基础的规则。然而,对契约型私募基金监管的法律体系与制度的不完善制约着契约型私募基金的健康发展,由此带来的潜在风险也会影响我国金融市场的稳定与发展。因此,我们有必要完善相关配套法律规则,构建有效的监管制度,为契约型私募基金的规范发展提供坚实的基础,使其能够真正发挥专业性与效率性的优势。本文共分五章,首先从契约型私募基金的概念入手,对本文的研究对象作了详细的介绍并对其监管的必要性进行了分析。其次,对私募基金在我国的发展历程进行了梳理,分析了我国对契约型私募基金的监管现状及存在的问题。再次,通过对国外私募基金监管制度的分析与对比,总结各国监管制度的优势与劣势及对我国建立监管制度的启示。最后,借鉴国外的监管经验,提出应明确我国契约型私募基金的监管目标与原则,并就具体的监管模式与措施提出一些系统性的建议。
[Abstract]:Private equity fund is a kind of collective investment method which is set up to meet the investment needs of a specific group of people. Contractual private equity fund is a kind of fund form which is divided from organization form to private equity fund. Usually contractual private equity fund is set up by fund manager for a specific purpose, through with investors. Fund custodians sign fund contracts to agree on their rights and obligations, and investors hand over funds to fund managers by buying fund shares. The fund manager shall professionally manage the funds raised and submit them to the custodian of the fund. Investors enjoy the investment income and bear the corresponding risks according to their fund share. Compared with other forms of private equity funds, contractual private equity funds are easy to set up and flexible to operate. With the advantages of low operating cost, contractual private equity funds are more and more favored by many fund managers and investors after the new private placement rules. In the current financial market. Private equity funds have developed rapidly and become an important source of investment in the capital market. Although the private equity funds in China started relatively late, the scale of development is very large, especially the promulgation of new private equity regulations. It provides the basic rules for the development of contractual private equity fund. However, the imperfect legal system and system of supervision of contractual private equity fund restrict the healthy development of contractual private equity fund. The potential risks will also affect the stability and development of China's financial market. Therefore, it is necessary to improve the relevant supporting legal rules and establish an effective regulatory system. To provide a solid foundation for the normative development of contractual private equity funds, so that they can truly play the advantages of professionalism and efficiency. This paper is divided into five chapters, starting with the concept of contractual private equity funds. This paper makes a detailed introduction of the object of study and analyzes the necessity of supervision. Secondly, the development of private equity funds in China has been combed. This paper analyzes the current situation and existing problems of the supervision of contractual private equity funds in China. Thirdly, through the analysis and comparison of the supervision system of foreign private equity funds. Summarize the advantages and disadvantages of the regulatory system in various countries and the enlightenment to the establishment of regulatory system in China. Finally, draw lessons from the regulatory experience of foreign countries, put forward that we should clarify the objectives and principles of the supervision of contractual private equity funds in China. And put forward some systematic suggestions on the concrete supervision mode and measure.
【学位授予单位】：山东大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：D922.28

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