基金经理个人交易的行为规制-国际法学专业论文.docxVIP

Abstract Abstract 万方数据 万方数据 Abstract Securities investment fund as a financial intermediary organization,which can disperse the risk of the financial system,strengthen the stable operation of the financial system, so it becomes a investment tool to develop economy, meet the needs of the residents for many nations. The development of Chinas fund industry began in the nineties of last century, in the past 10 years, and has become an important channel for investors to share the growth of the national economy income, and at the same time,our fund managers in the bull market have brought high returns for their investors,which has made the fund managers attract public attention,many investors tend to measure fund managers professional skills and diligence and honesty to ensure their own interests in investment choices, so, fund managers fall over each other to establish their own brands to win investors. However, there are still worries behind the prosperity and development of Chinas fund industry, dramatic changes in the variety and quantity, the fund size, to some extent, induced by the fund manager greed for wealth. While the fund managers have braught a lot of wealth for investors, they have also easily used their position to gain. Since 2007, the original fund manager Tang Jian of China International Fund Management Company, became the first person having been investigated due to violations of individual transactions in the history of Chinas fund industry,then the fund managers personal trading behavior, especially the “rat behavior”, despite was repeatedly prohibited, and there is a worsening trend. Investigating its reasons, there are the lag of legal provisions, imperfect regulatory mechanism, and also there is the fund managers personal factors. But in essence, because there is no good way to solve the contradiction between the financial innovation and law regulation, and not to well coordinate the conflict between the commercial property and the identity attribu