The Moral Hazard and Hazard Control of China’s Securities Investment Fund
Fan Hong-yan
Abstract
Fan Hong-yan
Abstract
The development of securities investment fund was swift in recent years,it has become key forces of stock market.And it also gradually became first choice of individual family finances management.The fund industry has characteristic of on request of other person, manages finances of other person and this characteristic has decided the good is foundation of fund company to make great achievement.And key to maintain good faith is that we must completely control risk.But repeatedly exposes of behind-the-scenes plotting of fund reflected seriousness of moral hazard in fund development.Therefore,we should do further consummate of self-control mechanism of fund company in system; Perfect discloses system of fund information,enhance transparency of fund management;Reforms present pattern of withdraw of fund management fee;Establishes drive and risk shares mechanism;Establishes and improves to drive and restraint mechanism of fund manager,raises professional manager of high quality.Guarantee health development of China's securities investment fund.
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The development of securities investment fund was swift in recent years,it has become key forces of stock market.And it also gradually became first choice of individual family finances management.The fund industry has characteristic of on request of other person, manages finances of other person and this characteristic has decided the good is foundation of fund company to make great achievement.And key to maintain good faith is that we must completely control risk.But repeatedly exposes of behind-the-scenes plotting of fund reflected seriousness of moral hazard in fund development.Therefore,we should do further consummate of self-control mechanism of fund company in system; Perfect discloses system of fund information,enhance transparency of fund management;Reforms present pattern of withdraw of fund management fee;Establishes drive and risk shares mechanism;Establishes and improves to drive and restraint mechanism of fund manager,raises professional manager of high quality.Guarantee health development of China's securities investment fund.
Key concepts: Fund administration, Manager of managers fund, Investment fund, Finance, Sovereign wealth fund, Business, Feeder fund, Investment management