票据市场发展现状及监管政策研究——基于《全国法院民商事审判工作会议纪要》的分析

Research on the Development Status and Regulatory Policy of Bill Market: Based on “the Minutes of the National Courts’ Civil and Commercial Trial Work Conference” of the Supreme People’s Court of P. R. China

商业汇票因其兼备支付流通与信用融资功能,成为国内中小微企业的重要融资工具。随着供应链、产业链中应收账款票据的广泛应用,逐步形成了民间票据交易市场,进而也引发了许多票据纠纷案件。最高人民法院于2019年11月发布《全国法院民商事审判工作会议纪要》,以统一法院关于民商事案件的裁判思路,稳定社会合理预期。本文分析了我国票据市场存在的问题,结合《会议纪要》对净化票据市场的司法意见,针对票据市场发展及票据监管政策,提出创建票据交易全市场智能化监管体系的设想和以监管沙箱的金融创新机制来规范民间电子商业汇票有偿转让交易平台健康发展等建议。

Due to its monetary function of credit financing and payment circulation,commercial bill become the financing tool of micro,small,and medium sized domestic enterprises.With the wide application of accounts receivable bill in the supply chain and the industrial chain,the private bill trading market is formed,and many bill disputes are caused.In November 2019,the Supreme People’s Court issued"the Minutes of the National Courts’Civil and Commercial Trial Work Conference"(hereinafter called Conference Minutes),aiming to unify the court’s judgment criteria on bill dispute cases and stabilize the reasonable expectation from the society.The author analyzes the problems existing in the current bill market,combined with the judicial opinions on purifying the bill market in the Conference Minutes,and aiming at the development of the bill market and the bill supervision policy,puts forward the idea of establishing an intelligent supervision system for the whole market of bill trading and the financial innovation mechanism of supervision sandbox to regulate the healthy development of the paid transfer trading platform of civil electronic commercial bills.