【摘要】：證券投資基金管理公司屬于投資管理行業(yè)中的一類,其公司的主要業(yè)務是管理客戶的資產,因此公司治理的效果不僅僅是影響到其自身的財產,而且影響到客戶的資產。由于證券投資基金的受益人與基金公司股東的利益存在著一定的錯位,因此,研究基金管理公司的公司治理不僅是對公司管理的研究,同時也是對公眾理財機構治理的法制、誠信等問題的研究和探討。本文以國內68家基金管理公司的治理為實例分析我國證券投資基金管理公司的公司治理對基金治理的影響。選擇3家發(fā)展過程中比較具有典型特征的、同時發(fā)展歷程具有可比較性的證券投資基金管理公司為典型案例,通過研究分析我國證券投資基金管理公司的公司治理及其基金治理,進行論述公司治理對基金治理的重要性。通過分析現(xiàn)行的監(jiān)管體系下的基金公司治理與基金治理的制度問題,分析我國現(xiàn)行監(jiān)管體中的制度與法規(guī)的缺失與不足。通過借鑒國外的基金監(jiān)管體系的經驗探討我國基金監(jiān)管體系發(fā)展方向。分析現(xiàn)有監(jiān)管體系下如何改善股東與基金持有人利益的關系,促進基金管理公司樹立長遠發(fā)展和堅持長期價值投資的觀念,建立健全公司發(fā)展的長效機制。探討激勵機制的作用,辯證地討論激勵機制在基金公司中的作用,探索如何通過發(fā)揮激勵機制的作用加強人才隊伍的建設,提升自身的投資水平和管理能力。發(fā)揮基金公司專業(yè)投資機構的作用,維護證券市場的穩(wěn)定與繁榮,促進我國資本市場發(fā)展健康有序。通過事件分析道德與職業(yè)操守對投資管理行業(yè)的誠信體系建設的重要性,提出建立健全我國基金管理行業(yè)及其從業(yè)人員的約束機制的必要性。探索如何通過優(yōu)化現(xiàn)行法律法規(guī)以發(fā)揮獨立董事和督察長工作的獨立性,提高基金公司的內部控制管理水平。加強對基金從業(yè)人員道德風險的管理與監(jiān)督,完善基金公司內部約束機制的建設。探討如何進一步加強和完善我國證券投資基金管理公司及從業(yè)人員的監(jiān)管手段,降低證券投資基金管理人及其從業(yè)人員觸犯的道德風險的動機,以增強我國證券投資基金公司的治理水平,使得投資者利益得到切實的保護。文章還同時分析并討論如何通過發(fā)揮托管人、基金評級機構、基金銷售人等外部機構的作用。分析外部治理與內部治理必然存在的關系,探討通過外部治理促進內部治理的優(yōu)化途徑,以提升我國基金治理的管理水平。
[Abstract]:The securities investment fund management company belongs to one kind of the investment management profession, the main business of its company is to manage the assets of the customer, so the effect of corporate governance not only affects its own property, but also affects the client's assets. Because there is a certain mismatch between the beneficiaries of the securities investment fund and the interests of the shareholders of the fund company, therefore, the study of the corporate governance of the fund management company is not only the study of the company management, but also the legal system of the governance of the public financial management institution. The research and discussion of honesty and credit. This paper takes the governance of 68 fund management companies in China as an example to analyze the influence of the corporate governance of securities investment fund management companies on fund governance. Select three securities investment fund management companies with typical characteristics in the process of development and comparable development process as typical cases. By studying and analyzing the corporate governance and fund governance of securities investment fund management companies in China, the importance of corporate governance to fund governance is discussed. By analyzing the system problems of fund company governance and fund governance under the current supervision system, this paper analyzes the deficiency and deficiency of the system and regulations in the current regulatory system in our country. This paper discusses the development direction of fund supervision system in China by using the experience of foreign fund supervision system for reference. This paper analyzes how to improve the relationship between shareholders and fund holders under the current regulatory system, promote fund management companies to establish long-term development and adhere to the concept of long-term value investment, and establish a sound long-term mechanism for the development of the company. This paper probes into the role of incentive mechanism, discusses dialectically the role of incentive mechanism in fund company, and explores how to strengthen the construction of talent team through exerting the function of incentive mechanism, and to improve its investment level and management ability. We should give full play to the role of professional investment institutions of fund companies, maintain the stability and prosperity of the securities market, and promote the healthy and orderly development of the capital market in China. Based on the analysis of the importance of ethics and professional conduct to the construction of credit system in investment management industry, this paper puts forward the necessity of establishing and perfecting the restraint mechanism of fund management industry and its practitioners in China. This paper explores how to improve the internal control and management level of the fund company by optimizing the existing laws and regulations in order to give play to the independence of the independent director and the inspector general. We should strengthen the management and supervision of the moral hazard of fund employees and perfect the construction of internal restraint mechanism of fund companies. This paper discusses how to further strengthen and improve the regulatory means of securities investment fund management companies and employees in China, and reduce the motivation of moral hazard committed by managers of securities investment funds and their practitioners. In order to strengthen the governance level of China's securities investment fund companies, so that investors' interests can be effectively protected. The article also analyzes and discusses how to play the role of custodians, fund rating agencies, fund sellers and other external organizations. This paper analyzes the inevitable relationship between external governance and internal governance, and probes into the optimal ways to promote internal governance through external governance in order to improve the management level of fund governance in China.
【學位授予單位】：華東理工大學
【學位級別】：碩士
【學位授予年份】：2012
【分類號】：F832.51

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本文編號：2131786