【摘要】：合格境內(nèi)機(jī)構(gòu)投資者制度是在資本市場(chǎng)不完全開(kāi)放的國(guó)家和地區(qū)，權(quán)利機(jī)構(gòu)有管制地允許境內(nèi)投資者投資于海外證券市場(chǎng)的機(jī)制。它是資本市場(chǎng)逐步對(duì)外開(kāi)放的過(guò)渡性政策，在探索資本開(kāi)放、緩解外匯儲(chǔ)備包袱和人民幣升值壓力、拓寬境內(nèi)投資者渠道、培育成熟機(jī)構(gòu)投資者、完善金融監(jiān)管制度等多方面具有積極意義。另一方面，合格境內(nèi)機(jī)構(gòu)投資者制度因其境外投資的特性，投資者將同時(shí)承擔(dān)境內(nèi)與境外雙重風(fēng)險(xiǎn)。如何防范風(fēng)險(xiǎn)從而讓合格境內(nèi)機(jī)構(gòu)投資者制度發(fā)揮其應(yīng)有的積極作用，是個(gè)值得探索的問(wèn)題�；谶@個(gè)想法，本文主要是探討完善合格境內(nèi)機(jī)構(gòu)投資者監(jiān)管法律制度的路徑，以期保障該制度的價(jià)值得以實(shí)現(xiàn)。論文主要分為四個(gè)部分： 第一部分主要是對(duì)合格境內(nèi)機(jī)構(gòu)投資者監(jiān)管法律制度的基本問(wèn)題進(jìn)行概述。包括合格境內(nèi)機(jī)構(gòu)投資者制度的概念、在中國(guó)“出臺(tái)”的背景和發(fā)展過(guò)程、特征以及合格境內(nèi)機(jī)構(gòu)投資者監(jiān)管法律制度的定義和特征，為之后對(duì)該監(jiān)管法律制度的具體分析打下理論基礎(chǔ)。 第二部分主要是考察新興市場(chǎng)國(guó)家韓國(guó)、臺(tái)灣地區(qū)、智利的合格境內(nèi)機(jī)構(gòu)投資者監(jiān)管法制實(shí)踐，總結(jié)出有助于我國(guó)進(jìn)一步發(fā)展合格境內(nèi)機(jī)構(gòu)投資者制度及完善其監(jiān)管法律制度的經(jīng)驗(yàn)啟示。 第三部分是本文的重點(diǎn)。主要論述了我國(guó)合格境內(nèi)機(jī)構(gòu)投資者監(jiān)管法律制度在監(jiān)管立法、分業(yè)監(jiān)管模式、信息披露制度、雙托管制度以及跨境監(jiān)管合作等方面的不足。揭示了只有構(gòu)建合格境內(nèi)機(jī)構(gòu)投資者監(jiān)管法律制度框架，，完善具體法律規(guī)定，才能順利推進(jìn)資本市場(chǎng)對(duì)外開(kāi)放，有效保障國(guó)內(nèi)投資者的利益。 第四部分是針對(duì)第三部分提出的我國(guó)合格境內(nèi)機(jī)構(gòu)投資者監(jiān)管法律制度存在的問(wèn)題提出建議。主要是從選擇與當(dāng)前階段相適宜的金融價(jià)值理念、完善監(jiān)管立法、建立牽頭人監(jiān)管制度、完善信息披露制度和雙托管人制度以及加強(qiáng)國(guó)際監(jiān)管合作這五個(gè)方面提出一些粗淺的建議。
[Abstract]:Qualified domestic institutional investor system is a mechanism that allows domestic investors to invest in overseas securities markets in countries and regions where the capital market is not completely open. It is a transitional policy for the gradual opening of the capital market to the outside world. It is exploring the opening of capital, easing the burden of foreign exchange reserves and the pressure of RMB appreciation, widening the channels for domestic investors, and nurturing mature institutional investors. Perfecting the financial supervision system and so on has the positive significance in many aspects. On the other hand, due to the characteristics of overseas investment, the QFII system will bear both domestic and overseas risks. How to prevent the risk and let the qualified domestic institutional investor system play its due positive role is a problem worth exploring. Based on this idea, this paper mainly discusses the way to perfect the regulatory legal system of qualified domestic institutional investors in order to ensure the realization of the value of the system. The thesis is divided into four parts: the first part is an overview of the legal system of qualified domestic institutional investors supervision. Including the concept of qualified domestic institutional investor system, the background and development process of "introduction" in China, and the definition and characteristics of qualified domestic institutional investor supervision legal system. Lay a theoretical foundation for the specific analysis of the regulatory legal system. The second part mainly examines the legal practice of qualified domestic institutional investor supervision in emerging market countries such as South Korea, Taiwan and Chile. This paper summarizes the experience and enlightenment of our country's further development of qualified domestic institutional investor system and improvement of its supervision legal system. The third part is the focus of this paper. This paper mainly discusses the deficiencies of the supervision legal system of qualified domestic institutional investors in the aspects of supervision legislation, supervision mode of separation, information disclosure system, double trusteeship system and cross-border supervision and cooperation. It is revealed that only by constructing the legal framework of qualified domestic institutional investors' supervision system and perfecting the specific legal provisions, can the capital market be smoothly opened to the outside world and the interests of domestic investors be effectively protected. The fourth part is to put forward some suggestions on the problems existing in the legal system of qualified domestic institutional investors supervision in the third part. Mainly from the selection of the appropriate financial value concept at the current stage, the improvement of regulatory legislation, the establishment of a lead supervision system, Some suggestions on perfecting information disclosure system and double custodian system and strengthening international supervision and cooperation are put forward.
【學(xué)位授予單位】：西南政法大學(xué)
【學(xué)位級(jí)別】：碩士
【學(xué)位授予年份】：2013
【分類號(hào)】：D922.28

【參考文獻(xiàn)】

相關(guān)期刊論文 前9條

1 張廣興;李強(qiáng);王新玉;;我國(guó)基金托管人監(jiān)督職責(zé)問(wèn)題研究[J];商業(yè)研究;2006年19期

2 王粵;趙海燕;;從美國(guó)次債危機(jī)的全球化看中國(guó)QDII的局限與發(fā)展[J];國(guó)際經(jīng)濟(jì)合作;2008年01期

3 楊峰;;論我國(guó)QDII監(jiān)管制度的完善[J];暨南學(xué)報(bào)(哲學(xué)社會(huì)科學(xué)版);2009年02期

4 劉定華,鄭遠(yuǎn)民;金融監(jiān)管的立法原則與模式[J];法學(xué)研究;2002年05期

5 史萍;;銀行系與基金系QDII的比較[J];西南金融;2008年07期

6 黃曉燕,馬衛(wèi)華;WTO與中國(guó)證券法律監(jiān)管的發(fā)展[J];山西高等學(xué)校社會(huì)科學(xué)學(xué)報(bào);2003年01期

7 朱宏武;;QDII制度的風(fēng)險(xiǎn)及防范研究[J];現(xiàn)代商貿(mào)工業(yè);2007年10期

8 宋清華;;金融監(jiān)管協(xié)調(diào)機(jī)制:國(guó)際經(jīng)驗(yàn)與中國(guó)的選擇[J];武漢金融;2007年12期

9 林祖云;;基金信息披露制度現(xiàn)存問(wèn)題及其對(duì)策[J];政治與法律;2009年07期

本文編號(hào)：2235527