中国股权投资基金法律制度建设若干问题研究

发布时间：2018-04-14 10:13

本文选题：股权投资基金 + 法律监管　；参考：《四川社会科学院》2010年硕士论文

【摘要】： 股权投资基金法律制度本质上属于强调意思自治的商法范畴,其规制的是与股权投资相关的金融商行为。但股权投资相关制度所指向的实务层面,又往往与一个国家的整体经济战略相关,同时也不能脱离一个国家经济发展的基本面,所以各国的股权投资基金在投资者构成、准入门槛、运作模式、政府监管、退出机制等方面存在着较大的差异。因此,在创设或修订股权投资基金法律制度时,立法者必须尊重其作为商法的基础性要求,同时,也应充分意识到股权投资基金法律制度在不同经济环境中应有其独特性要求,必须立足于本国当前政治经济情况,进而在尊重契约自由与适度监管之间寻找到适度的平衡。自市场经济建立以后,我国开始逐步重视股权投资在刺激微观经济个体发展壮大,进而整体推进科技创新和产业升级方面的作用,并陆续创设了一系列鼓励和扶持股权投资的法律法规。但是中国股权投资基金制度起步晚,同时受限于《公司法》、《合伙企业法》、《证券法》、《证券投资基金法》、《信托法》、《商业银行法》、《保险法》等基础法律制度的缺失或者不完善,因此在投资者准入、组织形式、监管效率、退出渠道等方面存在若干问题,尽管十多年来,政府一直通过各种各样的方式强力推动和引导,但由于这些问题的存在,使股权投资基金不能迅速地发展壮大,不能高效地助推产业升级。所以,尽管从表面上看,股权投资基金法律制度创设仅是单个法律制订问题,但从实质上看,却涉及到若干相关法律的调整,可以说股权投资基金法律制度的创设是一个系统工程。法律制度特别是民商法律制度的创设与改善,必须充分考虑当时的社会经济状况并在总结过去经验教训的基础上适当超前。当前,世界经济正处于金融危机后期,各主要经济体在相关法律制度和政府监管方面的问题,在本次金融危机中予以了充分暴露,其间的经验与教训值得深思。目前我国股权投资基金法律制度正处于紧密地制订过程中,因此,我们的立法者有必要比较甄别金融危机中种种制度的优劣,在监管策略和立法修法理念上应继承我国现有的一些优良经验,在相应程度上强调政府监管,同时对政府监管中的问题,通过立法技术和利用我国行政运作中的制度组织优势予以解决。
[Abstract]:In essence, the legal system of equity investment funds belongs to the category of commercial law which emphasizes the autonomy of will, which regulates the financial firms related to equity investment.However, the practical aspects of the equity investment related system are often related to the overall economic strategy of a country and can not be divorced from the fundamentals of a country's economic development, so the equity investment funds of various countries are composed of investors.There are great differences in entry threshold, operation mode, government supervision and exit mechanism.Therefore, when establishing or revising the legal system of equity investment funds, legislators must respect their basic requirements as commercial law, and at the same time, they should be fully aware that the legal system of equity investment funds should have its unique requirements in different economic environments.It is necessary to find a proper balance between respecting the freedom of contract and moderate supervision based on the current political and economic situation in our country.Since the establishment of the market economy, China has gradually begun to attach importance to the role of equity investment in stimulating the development and growth of microeconomic individuals, thus promoting scientific and technological innovation and industrial upgrading as a whole.And have created a series of laws and regulations to encourage and support equity investment.However, China's equity investment fund system started late and was limited by the absence or imperfection of basic legal systems such as "Company Law", "Partnership Enterprise Law", "Securities Law", "Securities Investment Fund Law", "Trust Law", "Commercial Bank Law", "Insurance Law", etc.Therefore, there are a number of problems in the areas of investor access, organizational form, regulatory efficiency, exit channels, etc. Although for more than a decade, the government has been vigorously promoting and guiding in various ways, but because of these problems,So that equity investment funds can not grow rapidly, can not effectively promote industrial upgrading.Therefore, although on the surface, the creation of the legal system of equity investment funds is only a single legal issue, in essence, it involves the adjustment of a number of relevant laws.It can be said that the creation of the legal system of equity investment funds is a systematic project.The creation and improvement of the legal system, especially the civil and commercial legal system, must fully consider the social and economic situation at that time and lead the way on the basis of summing up the past experience and lessons.At present, the world economy is in the latter stage of the financial crisis, and the problems in the related legal system and government supervision in the major economies have been fully exposed in this financial crisis, and the experience and lessons between them are worth pondering.At present, the legal system of equity investment funds in China is in the process of being closely formulated. Therefore, it is necessary for our legislators to compare the advantages and disadvantages of the various systems in the financial crisis.In the view of supervision strategy and legislative revision, we should inherit some good experience of our country, emphasize the government supervision to the corresponding extent, at the same time, we should pay more attention to the problems in the government supervision.Through the legislative technology and the use of China's administrative operation of institutional organization advantages to be resolved.
【学位授予单位】：四川社会科学院
【学位级别】：硕士
【学位授予年份】：2010
【分类号】：D922.28

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