西部金融
西部金融
서부금융
WEST CHINA FINANCE
2014年
10期
15-19,22
,共6页
VIE%可变利益实体%协议控制%注册制改革%多层次资本市场
VIE%可變利益實體%協議控製%註冊製改革%多層次資本市場
VIE%가변이익실체%협의공제%주책제개혁%다층차자본시장
VIE%variable interest entity%protocol control%registration system reform%multilevel capital market
VIE架构的本质就是通过协议控制的方式取代法定的股权控制。对于VIE架构,既可以将其定性为金融创新的产物,一项与时俱进的制度性创造,也可以理解为是对于某些国内法律法规的规避。本文界定了VIE基本概念,对于其风险进行了分析,提出了相关制度措施。
VIE架構的本質就是通過協議控製的方式取代法定的股權控製。對于VIE架構,既可以將其定性為金融創新的產物,一項與時俱進的製度性創造,也可以理解為是對于某些國內法律法規的規避。本文界定瞭VIE基本概唸,對于其風險進行瞭分析,提齣瞭相關製度措施。
VIE가구적본질취시통과협의공제적방식취대법정적고권공제。대우VIE가구,기가이장기정성위금융창신적산물,일항여시구진적제도성창조,야가이리해위시대우모사국내법율법규적규피。본문계정료VIE기본개념,대우기풍험진행료분석,제출료상관제도조시。
The essence of VIE structure is to replace legal shareholding control by means of the protocol control. For VIE struc-ture, it can be defined as the product of financial innovation, that is the institutional creation keeping the pace with the times, and also be understood as eluding some domestic laws and regulations. The paper defines the basic concept of VIE, analyzes its risks, and puts forward related system measures.