主权财富基金投资法律环境新变化——评IMF“圣地亚哥原则”

主权财富基金在国际金融发展中的地位日益重要，由于其具有浓厚的政府控制特质，因而受到投资接受国的严格监管。为避免严格监管引发金融保护主义、阻碍跨国投资，由各方共同参与制定的国际规则将成为平衡彼此利益的有效手段，国际货币基金组织（IMF）组织制定的“圣地亚哥原则”是这一进程中最受瞩目的成果之一。对主权财富基金投资法律环境新变化的考察与研究无疑会对我国主权财富基金具有启发与借鉴意义。

Changes in the Legal Context of Sovereign Wealth Fund Investment: Comments on the Santiago Principles by IMF

Sovereign wealth funds have played more and more important roles in international financial development and receive strict supervision of the recipient government.To prevent financial protectionism which may hinder cross-border investment,it is important to enact an international rule to balance interests of different countries.The Santiago Principles enacted by IMF is a fruit of coordination of the international community.Obviously,it is of great significance to study the changes in the legal context of so...