摘要
在主权财富基金日益成为国际资本市场关注的焦点之际,俄罗斯于2008年2月1日将运行仅4年的俄罗斯主权财富基金"稳定基金"改组为储备基金和国家福利基金。这是俄罗斯作为一个崛起的大国,其主权财富基金管理方式发生重大转变的新动向。俄罗斯稳定基金的建立及其改组是在借鉴国际经验的基础上进行的,但同时又具有自己的特点。在发展中大国主权财富基金未来的国际投资环境可能趋于恶化的情况下,为实现改组后的主权财富基金的成功运作,俄罗斯应制定合理的投资策略,把握好透明度与盈利之间的平衡,重构基金的内部组织架构和治理模式。
As sovereignty wealth funds gain more and more attention in international capital market,Russia re-structured its sovcreignty wealth fund'stabilizing fund',which bad only been in existence for 4 years,into'reserve fund'and'national welfare fund'.This is a great change in the management style of sovereignty wealth fund. The establishment and re-structuring of Russia's Wealth Fund is based on international experience,but it has its own characteristics.As the international investment environment may deteriorate for developing powers,Rus- sia must adopt rational investing strategy,strike a balance between transparency and profit,reconstruct the in- tcrnal organizational structure of the fund and style of management.
出处
《国际论坛》
CSSCI
北大核心
2008年第5期56-61,共6页
International Forum
