开放式基金面临的风险因素与防范

Risk Factors Facing Mutual Funds and Preventive Measures

2001年9月国内首只开放式基金华安创新的推出,开创了我国基金业的新篇章。开放式基金的推出对我国证券市场将产生积极的影响。然而,从开放式基金发展的环境来看,越是不健全的市场越需要合理的避险工具。开放式基金推出得越快,其蕴藏的风险就越大。我国开放式基金面临着系统性风险和非系统性风险。建立开放式基金风险防范体系需要实施有效的投资决策、建立健全内控制度。

The issue of the first mutual fund, Hua'an, in September, 2001 opened a new prospect in China's fund industry and would make positive impact on the security market of China. However, considering the developmental circumstances of mutual fund, risk evading tools are urgently needed particularly to the lessdeveloped market. The faster the fund is issued, the more risk it will bear. Mutual fund of China faces systemic risk and nonsystemic risk. The establishment of risk prevention system for mutual fund requires the implementation of effective investment decisionmaking and perfect selfcontrol system.