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我国证券投资基金的道德风险及控制
The Moral Hazard and Hazard Control of China’s Securities Investment Fund
【摘要】 近年来证券投资基金发展迅猛,已成为证券市场的核心力量和个人、家庭理财的首选。基金业"受人之托,代人理财"的特性决定了诚信是基金公司的立业之本,而维护诚信的关键就是要加强风险控制,但频频曝光的一些基金黑幕反映出基金发展中道德风险的严重性。因此,应从制度上进一步完善基金公司的内控机制;完善基金信息披露制度,增强基金经营的透明度;改革现行的基金管理费提取模式,建立起激励与风险分摊机制;建立健全对基金经理的激励与约束机制,培养高素质的职业经理人,促进我国证券投资基金的健康发展。
【Abstract】 The development of the securities investment fund was swift in recent years,it has become the key forces of stock market.And it also gradually became the first choice of individual family finances management.The fund industry has the characteristic of "on the request of other person, manages the finances of other person" and this characteristic has decided "the good faith" is the foundation of the fund company to make great achievement.And the key to maintain the good faith is that we must completely control the risk.But the repeatedly exposes of the behind-the-scenes plotting of fund reflected the seriousness of moral hazard in fund development.Therefore,we should do further consummate of the self-control mechanism of the fund company in system; Perfect the discloses system of fund information,enhance the transparency of fund management;Reforms the present pattern of the withdraw of the fund management fee;Establishes the drive and risk shares mechanism;Establishes and improves to the drive and restraint mechanism of the fund manager,raises the professional manager of high quality.Guarantee the health development of China’s securities investment fund.
【Key words】 securities investment fund; moral hazard; control; good faith;
- 【文献出处】 中国流通经济 ,China Business and Market , 编辑部邮箱 ,2008年08期
- 【分类号】F832.51
- 【被引频次】5
- 【下载频次】617