我国证券投资基金:监管模式与监管措施

China's Securities Investment Fund:Regulatory Mode and Measures

在我国证券投资基金制度不完善的背景下,借鉴发达国家和地区的先进做法,确立既安全又有效率的监管模式对保障基金持有人利益非常重要。基金业发达国家和地区对基金的监管主要有政府监管、行业自律和自律、他律相结合三种模式,我国应以政府监管为牵引,建立以基金管理人监管为核心内容的内外有机结合的监管体系。在监管措施方面,建议适当放宽市场准入机制的约束、引入公司型基金制度,完善基金持有人大会监管机制并强化托管人对基金管理人的监管。

In the background that China＇s securities investment fund system is not perfect, it＇s very important to refer to the practice of developed countries and regions and establish safe and efficient regulatory mode in protecting fund holder＇s benefits. There are three modes of fund regulation in developed countries and regions： government supervision, self-discipline, and the combination of the formers. China＇s regulatory system should be led by the government supervision, and make the supervision on fund managers as the core content. As for the regulatory measures, we suggest loosening the restriction on market access, introducing company fund system, consummating holders general meeting rules and strengthening fund trustee＇s supervision on fund managers.