發(fā)布時間：2018-04-19 02:40

  本文選題：主權(quán)財富基金 + 法律性質(zhì)��； 參考：《西南政法大學》2009年碩士論文

【摘要】： 近些年來,隨著中國經(jīng)濟快速發(fā)展,對外出口日益擴大,我國積累了高額的外匯儲備。截至2009年3月,已達到創(chuàng)紀錄的2萬億美元,隨著經(jīng)濟繼續(xù)發(fā)展,中國的外匯儲備還將繼續(xù)增長。這不僅給人民幣升值和通貨膨脹帶來了壓力,同時增加了儲備資產(chǎn)管理的難度和風險。在此大背景下,2007年9月29日,伴隨著中國投資公司的成立,中國第一支主權(quán)財富基金出現(xiàn)在世人面前。 迄今為止,對主權(quán)財富基金的法律性質(zhì)、運作模式等方面國際立法和國內(nèi)立法都處于探索階段。這些立法努力絕大部分尚未形成正式的法律文件,但是關(guān)注這些立法活動和研究動態(tài),并努力適應(yīng)這些立法趨勢,對于中國主權(quán)財富基金,無疑是具有重要戰(zhàn)略意義和現(xiàn)實意義。 全文三萬六千余字,除引言和結(jié)語外,共分為四個部分。 第一部分“主權(quán)財富基金概述”。主要闡述了主權(quán)財富基金的涵義、類別、特點以及主權(quán)財富基金的產(chǎn)生、發(fā)展及其對國際金融體系的影響。隨著20世紀后半頁經(jīng)濟快速發(fā)展,國際貿(mào)易日益繁榮,新興國家的外匯儲備日益擴大,主權(quán)財富基金迅猛發(fā)展。通常而言,主權(quán)財富基金作為一種由政府控制與支配的公共財富,表現(xiàn)為一種外幣資產(chǎn),其投資行為也主要為國家或地區(qū)最高經(jīng)濟當局操縱和控制,因而在國際上受到一些國家的質(zhì)疑。對國際金融體系而言,主權(quán)財富基金將削弱美國金融霸權(quán),改變原有的全球外國直接投資格局。 第二部分“與主權(quán)財富基金有關(guān)的法律問題”。主權(quán)財富基金作為一種國際投資基金,不同于傳統(tǒng)私人投資基金,因而探索有關(guān)主權(quán)財富基金的相關(guān)法律問題非常必要。主權(quán)財富基金的出現(xiàn)是基于國家經(jīng)濟主權(quán)原則,國家經(jīng)濟主權(quán)原則賦予了每一個國家合理利用本國的國民財富的權(quán)利。同時,主權(quán)財富在運作過程中,也毫無疑問的涉及到金融保護主義、信息披露、風險控制、透明度與破產(chǎn)等法律問題。 第三部分“主權(quán)財富基金的法律規(guī)制”。主權(quán)財富基金作為一種由主權(quán)國家或地區(qū)政府建立并擁有的金融投資工具,由于其規(guī)模巨大,其市場影響力也不可忽視,同時,主權(quán)財富基金的出現(xiàn),對國際金融市場造成巨大的影響,因此,國際社會要加強對主權(quán)財富基金的法律規(guī)制,相關(guān)國家也在積極探討如何在國際層面加強規(guī)制。本文認為,可以利用現(xiàn)有的國際組織,如國際貨幣基金組織、世界貿(mào)易組織、經(jīng)濟合作與發(fā)展組織完善相關(guān)的法律制度。 第四部分“中國主權(quán)財富基金的法律規(guī)制”。中國作為世界上最大的發(fā)展中國家,經(jīng)歷改革開放三十年的發(fā)展,外貿(mào)出口連連上漲,國際收支順差快速攀升,從而使中國外匯儲備規(guī)模急劇增長,中國投資公司便應(yīng)運而生。由于中國投資公司資金龐大,引發(fā)了相關(guān)發(fā)達國家的擔憂。在激烈競爭的國際市場上,如何保持中國主權(quán)財富基金的競爭力,實現(xiàn)中國政府“走出去”戰(zhàn)略,中國主權(quán)財富基金需要在內(nèi)部公司治理結(jié)構(gòu)、信息披露與透明度上作出積極的完善。 從主權(quán)財富基金的增長趨勢來看,構(gòu)成其資金來源的外匯儲備仍在急劇膨脹。因此認清主權(quán)財富基金的本質(zhì)和作用,以及國際社會對待主權(quán)財富基金的態(tài)度至關(guān)重要。目前國內(nèi)國外廣泛關(guān)注,但在法律方面還沒有達成廣泛共識,許多國家從自身的立場出發(fā)提出了有益見解,我們應(yīng)當密切關(guān)注,同時為了更好的保障我國主權(quán)財富基金的安全,必須借鑒別國成功經(jīng)驗,廣泛參與國際立法,加強內(nèi)部管理。最終實現(xiàn)我國主權(quán)財富基金的預(yù)期目的。
[Abstract]:In recent years , with the rapid development of China ' s economy , China has accumulated a high level of foreign exchange reserves . As of March 2009 , China ' s foreign exchange reserves will continue to grow . As the economy continues to grow , China ' s foreign exchange reserves will continue to grow . This will not only bring pressure on the appreciation of the RMB and inflation , but also increase the difficulty and risk of the management of the reserve assets . In this background , China ' s first sovereign wealth fund appears in front of the world with the establishment of China Investment Corporation on September 29 , 2007 .


So far , international legislation and domestic legislation on the legal nature and operation mode of sovereign wealth funds are in the exploration stage . Most of these legislative efforts have not yet formed formal legal documents , but they are concerned about these legislative activities and research developments and are trying to adapt to these legislative trends , which is undoubtedly of strategic significance and practical significance for China ' s sovereign wealth fund .


It is divided into four parts except the preface and the conclusion .


In the second half of the 20th century , the sovereign wealth fund is a kind of foreign currency asset whose investment behavior is mainly manipulated and controlled by the highest economic authorities in the country or region .


The second part deals with the legal problems related to sovereign wealth funds . As an international investment fund , sovereign wealth funds are different from traditional private investment funds , so it is necessary to explore the relevant legal issues of sovereign wealth funds . The emergence of sovereign wealth funds is based on the principle of national economic sovereignty . The principle of sovereign wealth funds gives each country the right to take advantage of its own national wealth . At the same time , the sovereign wealth has no doubt about the legal problems such as financial protectionism , information disclosure , risk control , transparency and bankruptcy .


The third part is the legal regulation of sovereign wealth fund . As a financial investment tool set up and owned by sovereign state or regional government , its market influence can not be ignored because of its huge scale . At the same time , the emergence of sovereign wealth fund has great influence on international financial market . Therefore , the international community should strengthen the regulation of the international financial market . In this paper , it is believed that the existing international organizations , such as the International Monetary Fund , the World Trade Organization , the Organization for Economic Cooperation and Development , can be used to perfect the relevant legal system .


The fourth part , " Legal Regulation of China ' s sovereign wealth fund " , China , as the largest developing country in the world , has experienced the development of the reform and opening - up for 30 years , the foreign trade export has gone up continuously , the balance of payments surplus has risen rapidly , so that China ' s foreign exchange reserve is growing rapidly . In the fierce competition international market , how to maintain the competitiveness of China ' s sovereign wealth fund and realize the Chinese government ' s " go out " strategy , China ' s sovereign wealth fund needs to make positive improvement in the corporate governance structure , information disclosure and transparency .


In view of the growth trend of sovereign wealth funds , foreign exchange reserves that make up its source of funds are still expanding rapidly . Therefore , it is important to recognize the essence and function of sovereign wealth funds and the attitude of the international community to sovereign wealth funds .

【學位授予單位】：西南政法大學
【學位級別】：碩士
【學位授予年份】：2009
【分類號】：D922.28

【引證文獻】

相關(guān)碩士學位論文 前10條

1 龐俊;主權(quán)財富基金國際合作監(jiān)管研究[D];安徽財經(jīng)大學;2011年

2 李潔;主權(quán)財富基金的國家豁免問題研究[D];中國政法大學;2011年

3 夏揚;主權(quán)財富基金國際監(jiān)管的法律問題研究[D];中國政法大學;2011年

4 浦潔;主權(quán)財富基金透明度法律監(jiān)管研究[D];復(fù)旦大學;2011年

5 解丹;中國主權(quán)財富基金對外投資法律規(guī)制研究[D];復(fù)旦大學;2011年

6 李娟;論我國主權(quán)財富基金投資運營模式的完善[D];湖南大學;2010年

7 任學謙;主權(quán)財富基金國際法律規(guī)制研究[D];湖南師范大學;2010年

8 楊麗;中國主權(quán)財富基金及其發(fā)展的法律保障機制研究[D];蘭州大學;2010年

9 孫偉;外匯儲備管理法律問題研究[D];西南政法大學;2010年

10 徐玉珠;主權(quán)財富基金監(jiān)管的法律問題研究[D];大連海事大學;2012年

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本文編號：1771246