| 摘要: | 本文研究之架構，第一章為緒論，指出本論文之研究背景與動機、研究問題、目的與研究範圍、研究方法及研究大綱架構。第二章以法律政策學之角度，梳理「政府金融監管」、與「新興投資工具選擇」之概念，兩種權利保護及新興經濟之崛起與發展，於資本主義社會上中，投資權益保障與市場內在需求之凝聚，國家公權力與投資環境穩定維持之法律意義，並討論兩種權益彼此之間的折衝與互存可能性。第三章透過文獻分析之方式，就新加坡之金融環境與可變資本公司法之簡介，說明新加坡既有之金融環境與金融地位之發展與內涵、可變資本公司制度於新加坡之發展，可
變資本公司制度法化於新加坡立法之進程，甚至比較了該制度與法案之簡介、立法目的、與優缺點分述；以及是否在其既有商事法架構下的投資人權益保障討論上，將產生嚴重衝
擊之現實議題。
第四章則主要討論我國公司資本額制度之發展與內涵，以及與新加坡可變資本公司法之比較，呈現我國公司的資本額制度，從國家公權力介入金融監管架構下之公司營運健全性、投資市場之彈性與靈活性、新興金融投資工具技術發展等等不同圖像觀點出發，以探討我國現有法制較新加坡可變資本公司法的優勝之處，以及我國現有法制可向新加坡可變資本公司借鑑之處；最後討論當代社會中，從歐美金融沙盒政策角度論，我國法制可借鑑與修正之處、以及未來新興金融投資工具合法化之社會共識凝聚。最後以第五章總結，提出當前研究發現與研究結果，適合用於我國解決當前金融監管及新興金融工具開發兩者之折衝；與若新加坡可變資本公司制度，有在我國施行的可能時，於我國法體制下如何施行與提出相關配套措施之立法與政策建議，及我國未來在實踐改善現
有金融監督管理機制之立法展望作探討。
The first chapter is an introduction. It points out the background and motivation of the research, the purpose and scope of the research, the research methodology, and the structure of the research outline. In Chapter 2, from the perspective of law and policy, the concepts of "government financial regulation" and "choice of new financial investment tools" are analyzed.Plus, also addressing the protection of the two rights and the rise and development of the emerging economy are discussed, the cohesion between the protection of investment rights and the market's intrinsic demand in the capitalist society are also discussed.Chapter 3 analyzes Singapore's financial environment and the VCC Act. It also describes the development and connotation of Singapore's existing financial environment and financial status, the development of the VCC system in Singapore, the progress of the legalization of the
VCC system, the advantages and disadvantages, and whether or not they have been implemented in the established commercial law framework of Singapore.
Chapter 4 discusses the development and connotation of the company capital system in China and compares it with the Singapore VCC Act. The capital system of China's companies is
presented from the perspective of the soundness of the company's operation under the financial regulatory framework of the state's public power, the flexibility of the investment market, and the technological development of the new financial investment tools. In order to explore the advantages of the current legal system of Taiwan over the Singapore VCC in legal system. In the end, this thesis would discuss what the current society can learn from the perspective of the financial sandbox policy of the United States and Europe, and what the society's consensus on the legalization of the emerging financial investment tools will be in the future.Finally, Chapter 5 concludes by presenting the findings and results of the current study, which are suitable for China to resolve the conflict between financial regulation and the development of emerging financial instruments. Addressing what would be happened Singapore's variable capital company system has the potential to be implemented in Taiwan, as well as the legislative and policy proposals for relevant supporting measures in practice will be discussed. |
