公开市场业务:问题与对策

Open-Market Business: Problem and Countermeasure

中国人民银行运用公开市场操作,在调控基础货币、调节商业银行流动性、引导货币市场利率等方面取得了一定的成功。然而,由于缺乏市场基础,以及商业银行改革尚未到位,目前中国的公开市场业务还存在较多问题。为此,一是要完善公开市场业务操作目标;二是要完善商业银行流动性预测监控体系;三是要完善中央银行债券资产管理体系;四是要完善公开市场操作;五是要进一步推进利率市场化改革。

The management of open - market business by People＇s Bank of China makes a success in the operating foundation currency, the adjusting commercial bank mobility, and the piloting interest rate of the currency market, Now open market business of China exists many problems because of lacking the market foundation, and the uncompleted reform of the commercial bank, Therefore, first to perfect the operation target of open market business; second to perfect the supervising and controlling system of the mobility of commercial bank;Third to perfeet the management system of the Central Bank in the bonds and capitals;Fourth to perfect theoperation of open market;Fifth to advance the interest rate marketization reform.