Chapter one is the guidance part of this thesis , this chapter first introduces some “ black - screens of mutual funds ” emergencing in our country fund industry , points out the necessity of researching mutual funds " governance in our country , accordingly it put up the problem , subsequently , it differentiate and definite the meaning of mutual funds " governance , at last it detailed dissertate present situation and main problem of present stage existing in mutual funds " governance in our country 第一章是本文的导论部分，这一章首先对我国基金业近期出现的一些“基金黑幕”进行了介绍，指出了研究我国证券投资基金治理的必要性，从而提出了问题。随后对证券投资基金治理的内涵进行了辨析和界定，最后就我国证券投资基金治理的现状和现阶段存在的主要问题进行了详细的论述。
With a view to the core mechanism of fund governance regime in other countries " legal system and the most fragile points of this country ' s investment fund system , this paper focus on four areas : the mandatory fund disclosure system , the independent fund directors system , expecting to provide a the fiduciary duty of fund managers , and the internal controls system of fund managing company 从国外对基金治理问题概括的核心内容及我国目前基金业发展最亟需解决的问题两方面来看，基金治理的制度安排中最关键的四个领域在于：基金的信息披露制度、基金独立董事制度、基金信赖义务的规范以及基金管理公司内部控制制度。
In this paper i first review the fundmental theories of corporate govenance , then i study the moral - hazard models of agency problem under the asymmetry information , and i analyze the behavior patterns of fund manager and invest advisor , on the basis of which i conclude a complete framework of fund governance system 本文从基金治理结构的理论基础出发，深入研究了在不对称信息下代理人的道德风险模型，进一步分析了基金管理人及基金经理的行为模式，并由此提出了建立基金治理结构体系的完整框架。
Firstly under the frame of complete contract it expatiate the basic model and dynamic model of principal - agent theory , subsequently , it discusses the problem of prevent collusion mechanism design , at last it discusses how to study mutual funds " governance under the frame of incomplete contract 首先在完全契约框架下就委托?代理理论的基本模型和动态模型进行了阐述，随后讨论了防范串谋的激励机制设计问题，最后讨论了在不完全契约框架下如何研究基金治理问题。
Up to in december 2006 , fund of an ancient name for china manages asset dimensions to exceed 65 billion yuan , there is 4 in all below the banner only enclosed fund of fund , 11 open mode ( include two indexes fund ) , fund of an asia bond and fund of social security of many whole nations entrust investment combination , it is amount of domestic government fund one of fund management companies with most , the most entire breed 截至2006年12月，华夏基金治理资产规模超过650亿元，旗下共有4只封闭式基金、 11只开放式基金（包括两只指数型基金） 、 1只亚洲债券基金和多个全国社保基金委托投资组合，是国内治理基金数目最多、品种最全的基金治理公司之一。
Long - term since , the endowment insurance of our country is given priority to as a whole with class of city , county , plan as a whole limits small , administrative levels is low , fund management is dispersive , regulate strength small , fight risk ability to lose , make sure the enterprise leaves retiree basic hard of annuities on time full specified amount extends 长期以来，我国的养老保险以市、县级统筹为主，统筹范围小、层次低，基金治理分散，调剂力度小，抗风险能力弱，难以保证企业离退休人员基本养老金的按时足额发放。
The first part , including the first chapter , mainly explains basic meaning of several important concepts , such as investment fund , governance structure of fund , corporation fund and contract fund . it also draws a comparison between corporation fund and contract fund from many aspects , and lays theory foundations for the in - depth analyses of the following text 全文共分为三个部分：第一部分包括第一章，主要阐述几个重要概念的基本内涵，包括投资基金、基金治理结构、公司型基金和契约型基金，并从多个方面对公司型基金与契约型基金进行比较，为下文的深入分析打下理论基础。
The study of corporate goverance is a developping topic in recent twenty years , at the same time , the fund governanve also directly influence the interests of fund investors , fund managers and other stakeholder . i argue that not only there are important theoritical meanings through the deep study on the fund governance , but also the faultiness of fund governance will restrict the development of fund industry , violate the interests of fund investors and may bring the systemetric problems for the industry 关于公司治理结构的研究是近二三十年来一个不断发展的课题，而基金治理结构也同样直接影响基金投资者、基金管理人及其他利益相关方的利益。笔者认为，对基金治理结构的深入研究，不仅具有重要的理论意义，而且我国基金治理结构的不完善，将制约整个基金业的进一步发展，并可能因侵害基金投资者的利益而为整个基金业带来系统性问题。
