全球主权财富基金规模的急剧扩大及其投资活动的日益广泛,引起了国际社会的高度关注。近年来,主权财富基金数量快速增长,资产规模急剧膨胀;投资领域广泛,市场影响力不断增强;采取专业化、市场化运作手段和多元化经营策略。全球主权财富基金的产生与发展,是内因与外因多种因素综合作用的结果。从内因看,主权财富基金对一国经济发展具有相当重要的作用;从外因看,21世纪初以来资源性商品价格的持续上涨推动了石油出口国主权财富基金的进一步膨胀,全球产业转移则促进了东亚制成品出口国外汇储备的急剧增加,从而为其主权财富基金的设立提供了充足的资金来源,而金融全球化则为主权财富基金的全球投资提供了相应的渠道。主权财富基金的产生及其规模的不断扩大,不仅对国际资本市场,而且对全球金融体系以及世界经济格局都将产生重大影响。

With the rapid expansion and accordingly wide investments,Sovereign Wealth Funds have aroused great concern in the international community.In recent years,Sovereign Wealth Funds have experienced great developments: growing setting-ups,rapid expansion,broad investments,increasing influence of the market,professional and market-oriented operation,diversified business strategy and so on.There are both internal and external factors leading to the developments of the funds.For the internal factors,Sovereign Wealth Funds play great roles on the economic development,for the external,first,continued rising in commodity prices promoted further expansion of sovereignty of wealth fund in oil-exporting countries since the beginning of the 21st century.Second,The global industrial transfer which promoted the exports in East Asian provided enough sources for the setting up of the Funds.Third,financial globalization has provided the appropriate channels for Sovereign Wealth Funds' wide investments.With the birth and rapid development,Sovereign Wealth Funds will have a significant impact not only on international capital markets,but also the global financial system and the world economic structure.