Enhancing the Transparency of Sovereign Wealth Funds:From the Middle East to China
作者机构:School of Economics and FinanceShanghai International Studies University
出 版 物:《Asian Journal of Middle Eastern and Islamic Studies》 (亚洲中东与伊斯兰研究(英文))
年 卷 期:2016年第10卷第1期
页 面:90-120页
学科分类:0502[文学-外国语言文学] 050201[文学-英语语言文学] 05[文学]
基 金:supported by“Study on the Middle East Sovereign Wealth Funds” the MOE Project of Key Research Institute of Humanities and Social Sciences in Universities(13JJD810009)
主 题:Sovereign Wealth Funds Middle East Transparency China Investment Corporation
摘 要:Sovereign wealth funds,as an active participant in the global capital market,have attracted increasingly more attention from both academicians and *** opacity of the funds is one of the hot issues.A greater transparency is needed for the Sovereign Wealth Funds(SWFs)in the Middle East when they play an increasingly important role in the global capital *** reviewing the transparency standards and examining the performance of SWFs in the region on information disclosure,this article lists the political,economic and cultural causes of the opacity and justifies the varieties in *** also finds that the legitimacy of these funds should not be challenged because the political motivation does not necessarily change their market *** effective management of the funds requires improvement of transparency,the transparency standards should be moderate in the context of economic integration and financial globalization,hence international governance is a *** addition to the reflection on the role of IFSWF in international governance,some lessons and suggestions are given to China’s SWFs at the end of the paper.