证券投资基金“老鼠仓”问题研究  

Study on "Rat Trading" of the Securities Investment Found

作　　者：祝文峰[1] 刘银凤[2] 

机构地区：[1]安徽财经大学金融学院,安徽蚌埠223001 [2]南京审计学院金审学院,南京211815

出　　处：《经济问题》2008年第7期105-107,共3页On Economic Problems

摘　　要：所谓"老鼠仓"是指庄家在用公有资金拉升股价之前,先用自己个人的资金在低位建仓,待用公有资金拉升到高位后个人仓位率先卖出获利。它实质上是利用内幕信息进行违规的利益输送问题,是一种损害证券投资基金持有人利益的不道德行为。主要针对"老鼠仓"形成的原因进行了分析,并提出构建"老鼠仓"防火墙的对策措施。The so-called rat trading is to refer to a banker who uses personal fund to open a position in low-order before using public fund to rise the share price,and when the public fund has rised the share price to high-order,the banker takes the lead to sell the share in order to earn benefit. In substance it is a problem of making use of intra-information to transport illicit ernings,and also is one kind of immoral behavior of damaging the benefit of the securities investment fund owners.The article analyses mai...

关 键 词：老鼠仓 利益输送 外部监管 内部控制 

分 类 号：F83[经济管理—金融学]