中国投资基金市场的衍迁及现状

The development and current situation of the investment fund market in China

金融产品设计和管理的创新,对于改善资本市场结构意义显著,这一趋势化背景催化了我国投资基金市场的探索与发展。投资基金市场经过近30年的发展,已经成为我国资本市场的有益补充,并在整个金融市场的运行中发挥着高效、多样、便捷的作用。理清我国投资基金市场的有序发展及市场规范主线,追溯基金市场衍迁脉络分析其发展过程中的重大事件,可以更加清晰的看到当前投资基金市场中所存在诸如投资环境、内部架构、委托——代理关系等方面问题,并总结提出针对性的建议。

The innovation of design and management in financial products is significant for improving the structure of the capital market and this background has promoted the exploration and development of the investment fund market in our country. After nearly 30 years of development, the investment fund market has become the beneficial supplement of the capital markets in our country, and plays a ef- ficient, various and convenient role in the running of the whole financial markets. Clarifying the orderly development and the market standard of Chinese investment fund market and tracing the major events in the process of the fund market＇ s development, we can see more clearly about the problems on the current investment environment such as the investment environment, Internal architecture and the relationship between delegation and agency, etc, and putting forward some proposal according to those problems.