后股权分置时代机构投资者治理结构完善探讨

随着我国证券市场中股权分置问题的逐步解决,机构投资者将成为我国公司治理的主要主体之一,很大程度上决定了证券市场的功能能否正常发挥。但这些机构本身也存在大量问题,如问题券商的大量出现、违法收益的"私人化"和违法成本的"社会化"等问题,并且随着我国资本市场的逐渐开放,金融的脆弱性逐渐显现,因此,迫切要求对机构投资者的公司治理结构进行完善。

Probing into structure investor governing structure perfecting in late shares reforming time

With the improvement of Share-Split reform in the Chinese security market,institutional investors have been turning into the leading participants in company's governance which,to some extent,determines whether the market function of security market has good effects.But these institutions themselves also have problems.For instance,troublesome security dealers booms; the illegal income is personalized and the cost of infraction is socialized etc.Furthermore the vulnerability of finance is emerging.It's necessary to improve the governance of the Institutional Investors.