券商理财:制度缺陷下的潜规则游戏

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在几乎所有的证券公司,资产管理部都是最为神秘的部门。一组未经证实的数据称,中国大大小小的100多家券商总共掌管了大约2500亿元委托理财资金,其中违规资金超过1000亿元。这组数据的真实性暂时还无从判断,但近年来接二连三曝光的委托理财丑闻和由此牵出的令人触目惊心的委托理财金额,都让委托理财看起来像一个深不见底的黑洞。闽发证券、海通证券、华夏证券、广东证券,以及德隆旗下的德恒证券、恒信证券、金新信托、中富证券、伊斯兰信托,无一不是在委托理财上栽了大跟头。始于1996年的委托理财业务究竟该如何定性,它涉及了哪些法律上的真空,如何更好地规范这一业务?《法人》邀请相关法律专家和从业人员对此进行了深入的探讨。 In almost all securities companies, asset management department are the most mysterious department. A group of unconfirmed data said that China’s large and small, more than 100 brokerages in charge of a total of about 250 billion yuan trust funds, of which more than 100 billion yuan of funds. The authenticity of this set of data is yet to be judged, but in recent years, successive trillions of trusteeship financial scandals and the resulting shocking amount of entrusted funds make commissioned financial management seem like a bottomless black hole. Minfa Securities, Haitong Securities, Huaxia Securities and Guangdong Securities, as well as Deheng Securities, Hanson Securities, Jinxin Trust, Zhongfu Securities and Islamic Trust under Delong, all made great efforts in entrusting wealth management. How did the entrusted wealth management business begin in 1996 be qualitative? What legal vacuums are involved and how can we better regulate this business? “Legal person” invited relevant legal experts and practitioners to conduct an in-depth discussion.
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