【摘要】：在過去的10年里,主權(quán)財(cái)富基金的規(guī)模日益擴(kuò)大和數(shù)量迅速增長(zhǎng),特別是2007年的國際金融危機(jī)以來,作為主權(quán)投資者的主權(quán)財(cái)富基金受到了人們的極大關(guān)注。人們對(duì)主權(quán)財(cái)富基金的態(tài)度也從開始的小心、謹(jǐn)慎,從批評(píng)主權(quán)財(cái)富基金對(duì)投資東道國的主權(quán)和國內(nèi)市場(chǎng)的損害逐漸走向了對(duì)主權(quán)財(cái)富基金的認(rèn)可和接受。本文對(duì)主權(quán)財(cái)富基金的定義和基本范疇做了評(píng)析和界定,闡述了以國際貨幣基金組織為代表的規(guī)制主權(quán)財(cái)富基金的國際多邊法制。提出了將主權(quán)財(cái)富基金的有關(guān)投資行為放在世界貿(mào)易組織法律框架下進(jìn)行規(guī)制的設(shè)想,并對(duì)這一設(shè)想的可行性做了重點(diǎn)分析。考慮到主權(quán)財(cái)富基金雙邊與多邊法制的協(xié)調(diào)發(fā)展以及現(xiàn)有的國家間實(shí)踐,本文對(duì)訂立主權(quán)財(cái)富基金雙邊投資條約的可行性做了粗略的分析。通過考察和比較各支主權(quán)財(cái)富基金的實(shí)踐,分析多邊法制之下國際貨幣基金組織和世界貿(mào)易組織的有關(guān)規(guī)制主權(quán)財(cái)富基金的可適用性規(guī)則,以及國家之間訂立的雙邊投資條約,得出了下述結(jié)論。主權(quán)財(cái)富基金是一個(gè)十分復(fù)雜的事物,它涉及的國際法制十分廣泛,包括國際金融、國際貿(mào)易、國際投資、爭(zhēng)端解決等有關(guān)國際法規(guī)則。單一的主權(quán)財(cái)富基金國際立法、單個(gè)的國際組織的監(jiān)管或指導(dǎo)都無法完全解決主權(quán)財(cái)富基金關(guān)涉的所有問題;同時(shí),主權(quán)財(cái)富基金發(fā)展的速度之快、規(guī)模之大、對(duì)國際經(jīng)濟(jì)的影響之深遠(yuǎn)都使得單一的國際立法和單個(gè)的國際組織無力操控。筆者設(shè)想將主權(quán)財(cái)富基金涉及的有關(guān)問題放在不同的國際組織及其立法下予以監(jiān)管或指導(dǎo)。將涉及到主權(quán)財(cái)富基金本身和與金融有關(guān)的問題——如對(duì)主權(quán)財(cái)富基金基本范疇的界定、透明度和風(fēng)險(xiǎn)監(jiān)管——放到國際貨幣基金組織的有關(guān)法制之下解決;將主權(quán)財(cái)富基金投資與貿(mào)易中涉及到的具體問題——如市場(chǎng)準(zhǔn)入、待遇等問題——放在世界貿(mào)易組織的有關(guān)規(guī)則下解決;將主權(quán)財(cái)富基金投資和各項(xiàng)活動(dòng)引發(fā)的爭(zhēng)端放在解決國家和他國國民間爭(zhēng)端解決機(jī)構(gòu)下處理。從而全方位的解決主權(quán)財(cái)富基金所涉及的各個(gè)層面的問題,保證主權(quán)財(cái)富基金的健康發(fā)展和穩(wěn)健運(yùn)行。 對(duì)主權(quán)財(cái)富基金基本問題的界定是本文展開討論與主權(quán)財(cái)富基金投資有關(guān)問題的基礎(chǔ),然后再從國際法的角度來討論有關(guān)主權(quán)財(cái)富基金透明度、對(duì)東道國國家安全的影響以及世界貿(mào)易組織下《服務(wù)貿(mào)易總協(xié)議》與爭(zhēng)端解決程序的適用問題。對(duì)于主權(quán)財(cái)富基金基本問題的界定理所應(yīng)當(dāng)?shù)某蔀楸疚牡牡谝徊糠?從多邊的角度討論主權(quán)財(cái)富基金的透明度、對(duì)東道國國家安全影響以及世界貿(mào)易組織下有關(guān)規(guī)則的適用構(gòu)成了文章的第二到四部分;文章的第五部分對(duì)《華盛頓協(xié)議》做了簡(jiǎn)要的論述,以探討對(duì)主權(quán)財(cái)富基金的投資訂立雙邊投資規(guī)范的問題;第六部分是對(duì)文章的分析進(jìn)行總結(jié)得出的最后結(jié)論。
[Abstract]:Over the past decade, sovereign wealth funds have grown in size and number, especially since the international financial crisis in 2007, sovereign wealth funds as sovereign investors have received great attention. People's attitude towards SWFs has also been cautious from the beginning, from criticizing the SWFs' damage to the host country's sovereignty and the domestic market, to the recognition and acceptance of SWFs. This paper analyzes and defines the definition and basic category of sovereign wealth fund, and expounds the international multilateral legal system of regulating sovereign wealth fund represented by the International Monetary Fund. This paper puts forward the idea of regulating the investment behavior of sovereign wealth funds under the legal framework of the World Trade Organization, and analyzes the feasibility of this assumption. Considering the coordinated development of bilateral and multilateral legal system of sovereign wealth funds and the existing practice between countries, this paper makes a rough analysis of the feasibility of concluding the bilateral investment treaties of sovereign wealth funds. By examining and comparing the practices of various sovereign wealth funds, this paper analyzes the applicable rules of the International Monetary Fund and the World Trade Organization concerning the regulation of sovereign wealth funds under the multilateral legal system, as well as the bilateral investment treaties concluded between countries. The following conclusions are drawn. Sovereign wealth fund is a very complex thing, it involves a wide range of international legal system, including international finance, international trade, international investment, dispute settlement and other relevant rules of international law. A single sovereign wealth fund international legislation, a single international organization of supervision or guidance can not completely solve all the issues involved in sovereign wealth funds; At the same time, the rapid development of sovereign wealth funds, the scale of the impact on the international economy, the far-reaching impact of a single international legislation and single international organizations can not manipulate. The author proposes to regulate or guide sovereign wealth funds under different international organizations and their legislation. (B) to place issues relating to sovereign wealth funds themselves and related financial issues, such as the definition of the basic category of sovereign wealth funds, transparency and risk regulation, under the relevant rules of law of the International Monetary Fund; (B) to place specific issues related to investment and trade in sovereign wealth funds-such as market access, treatment, etc.-under the relevant rules of the World Trade Organization; Disputes arising from sovereign wealth fund investments and activities are dealt with under the civil dispute settlement bodies of countries and other countries. In order to solve all aspects of sovereign wealth funds involved in the problem, to ensure the healthy development and stable operation of sovereign wealth funds. The definition of the basic issues of sovereign wealth funds is the basis of this paper to discuss the issues related to the investment of sovereign wealth funds, and then to discuss the transparency of sovereign wealth funds from the perspective of international law. The implications for the national security of the host country and the application of the General Agreement on Trade in Services and the dispute settlement procedure under the World Trade Organization. The definition of the basic problems of sovereign wealth funds is the first part of this paper. Discussing the transparency of sovereign wealth funds from a multilateral perspective, the impact on the national security of the host country and the application of the relevant rules under the World Trade Organization constitute the second to fourth parts of the article; The fifth part of the article briefly discusses the Washington Agreement in order to explore the establishment of bilateral investment norms for sovereign wealth funds, and the sixth part is the final conclusion of the analysis of the article.
【學(xué)位授予單位】：外交學(xué)院
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2011
【分類號(hào)】：D996.2

【參考文獻(xiàn)】

相關(guān)期刊論文 前8條

1 沈慧驊;國家和私人間投資爭(zhēng)端解決機(jī)制的沖突和協(xié)調(diào)——兼比較WTO與ICSID爭(zhēng)端解決機(jī)制的沖突和協(xié)調(diào)[J];當(dāng)代法學(xué);2003年11期

2 張暉明;張亮亮;;對(duì)國資職能和定位的再認(rèn)識(shí)——從新加坡淡馬錫公司的全稱說起[J];東岳論叢;2010年04期

3 李建民;;俄羅斯主權(quán)財(cái)富基金管理評(píng)析[J];國際經(jīng)濟(jì)評(píng)論;2008年02期

4 巴曙松;李科;沈蘭成;;主權(quán)財(cái)富基金:金融危機(jī)沖擊下的新發(fā)展與監(jiān)管運(yùn)作新框架[J];河北經(jīng)貿(mào)大學(xué)學(xué)報(bào);2009年06期

5 彭岳;;主權(quán)財(cái)富基金難題:爭(zhēng)議、方案與評(píng)價(jià)[J];金陵法律評(píng)論;2009年02期

6 解正山;;主權(quán)財(cái)富基金投資法律環(huán)境新變化——評(píng)IMF“圣地亞哥原則”[J];江西財(cái)經(jīng)大學(xué)學(xué)報(bào);2009年03期

7 漆彤;;論主權(quán)財(cái)富基金之若干法律紛爭(zhēng)[J];武大國際法評(píng)論;2010年01期

8 史樹林;;論主權(quán)財(cái)富基金的法律問題[J];中央財(cái)經(jīng)大學(xué)學(xué)報(bào);2008年05期

，

本文編號(hào)：2303395