论券商资产管理产品信托法律关系定位

发布时间：2017-12-30 20:20

本文关键词：论券商资产管理产品信托法律关系定位　出处：《华东政法大学》2014年硕士论文　论文类型：学位论文

【摘要】：在我国当前的资产管理市场或者说财富管理市场出现诸侯争霸的局面的前提下，通道型的信托业务迅速向其他金融进行了转移。银证合作、私募证券、财富管理等形式的不断推陈出新，使得当前国内对理财市场的监管面临着巨大压力。“类信托”的产品愈加收到高端投资者的青睐。随着“信托产品”的不断转型，分业监管模式已不能适应当前中国金融市场发展，本文依照信托的基本法律框架，结合当前金融市场当中理财模式的分析，对相应问题进行了分析并得出相应的完善意见。第一章讨论券商资产管理模式定性及建构法律框架的必要性与合理性。该部分从券商资管的运作模式入手，论证对其进行法律关系定位的必要性，即弥补监管真空，性质无法明确等问题，实现投资者利益保护和公平有序的金融市场环境。第二章通过对券商资产管理的类型化分析讨论券商资产管理市场中存在的问题，并论证以信托关系规范资产管理的合理性。券商资产管理分类有集合资产管理业务、定向资产管理业务及综合资产管理业务，对其法律关系的定位模糊会产生极大的问题，体现在当前理财产品市场中，表现为跨业合作监管套利，司法判决定性错位等，本章认为我国券商资产管理关系性质应该是信托关系，并强化监管部门的权力和协调。以前述分析为基础，，第三章提出券商资管的相关法律规定的主要缺陷及完善目标，即在确定券商资产管理业务基础法律关系为信托关系基础上，对类信托模式受托人、受益权以及所有权归属性质上做分析判断，明晰其信托的基本属性。对于相关立法不足的补充以及提升监管机构监管力度的一些建议。在研究方法上，本文将交互运用规范研究、实证研究、比较研究、历史研究、专家论证等方法，对论证主题从多方面理论分析和实证分析，并针对本文研究过程遇到的重点难点，对包括金融机构主管部门、监督管理部门、政府相关部门、金融公司有关负责人、金融法律专家和金融产品中介部门人员等，进行咨询论证。
[Abstract]:In the current asset management market or wealth management market in China under the premise of the emergence of vassal hegemony, the channel trust business quickly transferred to other financial. Banking and securities cooperation, private securities. Wealth management and other forms of continuous innovation. The current domestic supervision of the financial management market is facing great pressure. "Class of trust" products are increasingly favored by high-end investors. With the "trust products" continuous transformation. The separated supervision mode can not adapt to the current development of China's financial market, this article according to the basic legal framework of trust, combined with the current financial market financial management model analysis. The corresponding problems are analyzed and the corresponding suggestions are obtained. The first chapter discusses the qualitative nature of the asset management model of securities firms and the necessity and rationality of constructing the legal framework. This part starts with the operation mode of capital management of securities firms and demonstrates the necessity of positioning their legal relations. That is to make up for the regulatory vacuum, the nature can not be clear and so on, to achieve the protection of investors' interests and a fair and orderly financial market environment. The second chapter discusses the problems existing in the market of asset management of securities firms by analyzing the types of asset management of securities firms. It also demonstrates the rationality of standardizing asset management by trust relationship. The asset management classification of securities firms includes collective asset management business, targeted asset management business and integrated asset management business. The vague positioning of its legal relationship will produce great problems, which can be reflected in the current financial products market, such as cross-industry cooperation regulatory arbitrage, judicial decision qualitative misplacement and so on. This chapter argues that the nature of asset management relationship of securities firms in China should be trust relationship, and strengthen the power and coordination of regulatory authorities. Based on the foregoing analysis, the third chapter puts forward the main defects of the relevant legal provisions of securities firms' capital management and the goal of improvement, that is, on the basis of determining the basic legal relationship of securities firms' asset management business as the trust relationship. This paper makes an analysis and judgment on the nature of the trustees, the beneficial rights and the ownership of the type trust model, and clarifies the basic attributes of the trust. It also makes some suggestions for the insufficiency of the relevant legislation and some suggestions on how to enhance the supervision and control of the regulatory bodies. In terms of research methods, this paper will use interactive normative research, empirical research, comparative research, historical research, expert demonstration and other methods, from various aspects of theoretical analysis and empirical analysis. And in view of the key difficulties encountered in the research process of this paper, including the competent departments of financial institutions, supervision and management departments, relevant government departments, financial companies related to the person in charge. Financial legal experts and financial products intermediary department personnel, such as consultation and demonstration.
【学位授予单位】：华东政法大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：D922.282;D923.6

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