The article details the governance structure of funds, operation of funds, and management of fund management companies and finds out the institutional inducement that leads to the continuing dishonest investment in China.

• 本文章详细地分析了我国基金治理结构和基金管理公司管理机制上的问题,找出了中国基金累次违规、害基金持有人利益的制度诱因。