本文選題：對沖基金 + 賣空　； 參考：《云南大學》2012年碩士論文

【摘要】：對沖基金自1949年產(chǎn)生至今已有62年的歷史,自1992年歐洲貨幣危機和1997-1998年東南亞金融危機之后,對沖基金引起各國政府和學者的高度重視。隨著世界經(jīng)濟的全球化發(fā)展以及金融領(lǐng)域的跨國活動越來越頻繁,對沖基金在世界范圍內(nèi)得到了迅速的發(fā)展,其多元化投資行為不僅影響各國金融市場,還日益對國際原油、黃金等資源類商品市場造成影響,它甚至通過并購活動影響各個國家的產(chǎn)業(yè)結(jié)構(gòu)和經(jīng)濟發(fā)展。2001年底我國加入世界貿(mào)易組織后,我國的經(jīng)濟與國際的接軌更加緊密,隨著人民幣可以自由兌換以及衍生金融工具市場的建立和資本市場的不斷對外開放,再加上股指期貨在我國的正式推出并掛牌交易,我國市場上已經(jīng)開始出現(xiàn)杠桿交易方式和賣空機制,這使得對沖基金在我國國內(nèi)能夠生存成為可能。本論文在已有的金融理論以及對沖基金運作理論的基礎(chǔ)上,結(jié)合歷史上對沖基金在國外產(chǎn)生的原因、所需條件等因素與國內(nèi)現(xiàn)有環(huán)境及條件進行對比,為對沖基金在我國發(fā)展的可行性進行分析。 本文共分為五章,第一章主要介紹研究的背景及研究的目的和意義；在第二章中將系統(tǒng)地闡述對沖基金的定義、作用、特點；在第三章通過對國際國內(nèi)金融市場分析對比后,就市場可行性對我國是否能發(fā)展對沖基金進行分析；在第四章通過對國際和國內(nèi)相關(guān)法律法規(guī)進行分析對比后,就法律可行性對我國是否能發(fā)展對沖基金進行分析；在第五章,對對沖基金在我國發(fā)展的可行性進行評述并對未來進行一個展望。
[Abstract]:Hedge funds have been established for 62 years since 1949. Since the European currency crisis in 1992 and the Southeast Asian financial crisis in 1997-1998, hedge funds have attracted great attention from governments and scholars. With the globalization of the world economy and the increasingly frequent transnational activities in the financial field, hedge funds have developed rapidly in the world. Their diversified investment behavior not only affects the financial markets of various countries, but also increasingly affects the international crude oil. The market for gold and other resource commodities has caused an impact. It has even affected the industrial structure and economic development of various countries through mergers and acquisitions. After China joined the World Trade Organization at the end of 2001, the economy of our country has become more closely connected with the international community. With the free convertibility of RMB, the establishment of derivative financial instruments market and the continuous opening of the capital market to the outside world, in addition to the official launch and listing of stock index futures in China, Leverage trading and short selling mechanism have appeared in Chinese market, which makes it possible for hedge funds to survive in our country. On the basis of the existing financial theory and hedge fund operation theory, this paper compares the reasons and requirements of hedge funds in history with the existing domestic environment and conditions. This paper analyzes the feasibility of hedge fund development in China. This paper is divided into five chapters. The first chapter mainly introduces the background of the research and the purpose and significance of the research. In the second chapter, the definition, function and characteristics of hedge funds are systematically described. In chapter three, after analyzing and comparing the international and domestic financial markets, On the feasibility of the market analysis of whether China can develop hedge funds; in the fourth chapter through the analysis of international and domestic laws and regulations, on the legal feasibility of the development of hedge funds in China can be analyzed; in the fifth chapter, This paper reviews the feasibility of hedge fund development in China and looks forward to the future.
【學位授予單位】：云南大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.51

【引證文獻】

相關(guān)期刊論文 前1條

1 王東輝;;跨國對沖基金法律監(jiān)管機制研究[J];法制博覽(中旬刊);2013年11期

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本文編號：1800392