契約受益方 的英文怎麼說
中文拼音 [qìyāoshòuyìfāng]
契約受益方
英文
covenantee-
In chapter 9 we summarize the whole paper, and explain the shortages of this paper and problems to further study. main conclusions of this paper are as follows : the first, state - owned funds have always been predominant in venture capital sources in china, and this caused the " government - operated model " which leads to excessive government ' s interferes and distorted venture capital contracts ; the second, limited partnership contract is better than incorporated company contract, because the former has obvious advantages in not only encouragement and controls, but also in investors " profits. however, this paper insists, incorporated company contracts will still be very popular in the near future because limited partnership still be illegal in most provinces of china ; the third, venture capitalists " share of profits in compensation clause of fundraising contracts is influenced by investors " attitude towards difficulties and obstacles of future investment
本文研究的主要結論：第一，在我國風險資本來源中，政府風險資本一直居於主導地位，這造就了我國風險投資的「官辦官營」模式，使其契約機制從一開始就帶有「行政干預」的烙印；第二，有限合夥契約在約束機制、激勵機制、投資者收益三個方面都明顯優于公司制契約，因此是我國風險融資契約的發展方向，但由於有限合夥在我國受到法律限制，公司制契約在一定時期內仍是我國風險融資契約的主要形式；第三，融資契約報酬條款中的激勵系數受主體先驗概率影響，借鑒有限合夥契約，可對我國公司制融資契約進行改造與重構；第四，與債權契約、普通股契約相比，可轉換優先股契約可以有效緩解風險投資過程中的信息不對稱、降低代理成本，因此是我國風險投資契約的最優選擇。In view of this, one party of the contract should undertake the anticipatory contract obligations by abiding by the principle of honest and credibi 1 i ty
鑒於此，才使締約的當事人負有基於誠實信用原則而產生的先契約義務，而違反這一義務並使相對方信賴利益受損時，即應承擔締約過失責任。The third chapter first describes the operating mechanism of private funds, then focuses on practical methods to control the risks involved. comparatively speaking, china ' s private funds do n ' t have as many investment tools as their foreign counterparts and they mainly operate in the secondary stock market. as a result, the risks private funds confront are tremendous : private funds in china have no legal status, which indicates that the fund contract ca n ' t get proper legal protection ; the stock market has been far from perfect so that private funds have inadequate instruments to avoid risks ; the listed companies participating in private funds are vulnerable to risks ; private funds investors also confront the risks of unexpected policy change
我國的私募基金與國外相比，運作方式較為單一，主要在二級市場操作，大部分依靠作大成交量，獲取券商返還傭金來獲取收益，以跟莊、鎖倉、聯合坐莊為主要投資策略，以中線持股、波段炒作為主要戰術，這就決定了我國私募基金面臨著巨大的風險：我國私募基金沒有合法地位，基金契約合同不受法律保護；證券市場品種單一，沒有避空機制，期權、期貨等金融衍生工具甚至根本不存在；上市公司參與私募基金引致巨大風險；由於目前國家對私募基金的立法沒有正式出臺，投資者還面臨著政策調整的風險。
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