Legal Protection For Security Investment Fund Managers Credit Mechanism

Security investment fund is one of the most important investment medium which is adjusted to development of stock market and the impersonal requirement of investors. It raises capital from lots of investors by issuing beneficial vouchers and is operated by specialties in order to make profit. Investment fund is playing an important role as an institutional investor in the security market and social economic. In our country, it is even more necessary to regulate the manager's behaviors since the imperfect fund legislation, the low investment level and low moral level of the manager, the frequent occurrence of the lack of credit of the manager. Base on the basic theory of credit, a comprehensive analysis and research is made on the various credits lacking of fund managers. Considering research achievements at home and abroad with the China security Investment Fund industry specific circumstances, some proposals have been put forward to solve the problems of the credit lacking of fund managers and promote the establishment of a credit system in China . This thesis can be divided into three parts.Part I: This part introduce the definition of company analyses its legal operating mechanism. And elaborate the law status of fund management company. Starting from the introduction to the concept of credit, its social value and restrain system is analyzed. Fund manager's credit mechanism is rooted in good faith becoming legal morals, expressing the social target of the law system.Part II: Introducing the present situation of lacking credit in fund manager, trust culture is brought into. Credit lacking comes from the shortcoming of investment fund system, supervisory system and unfair information.Part III: The article puts forward some proposals to perfect our fund manager credit mechanism in credit system, supervisory law , information disclosure and administrative and law enforcement supervision. Establishes the strict disciplinary punishment mechanism, strengthens fund managers legal liability and further consummates the fund holders' law relief measures. From the construction of reasonable fund managers incentive mechanism and the introduction of prestige machine to buildup fund managers' mechanism of self-restraint, from the fund holders and trustees of the fund managers to improve aspects of the external constraint mechanism.