试论金融创新的社会信用环境基础

A Research on the Social Credit Environment as the Basis of Financial Innovation

在"美国次级抵押贷款危机"席卷全球的今天,越来越多的学者开始反思金融创新活动的负面性,并积极倡导规范金融创新工具的使用方式。本文以社会信用环境为视角,重点考察金融创新活动和社会信用环境两者之间的关系,并强调金融创新活动需要良好的社会信用环境加以规范。文章结合国际金融市场的背景特征和我国现实情况,就我国如何完善社会信用环境建设以规范金融创新活动提出了尽快搭建起规范社会信用环境的法律、法规和制度框架,在国家层面应该有一个统一的认识、规划和协调组织,以市场化的手段发展信用服务行业等有效规避信用风险的政策建议。

Under the tide of U.S. sub-prime mortgage crisis, more and more scholars begin to reflect over the negative effects of financial innovation and actively advocate regulating the use of financial innovation instruments. From the angle of social credit environment, the paper explores the relationship between financial innovation and social credit environment, and emphasizes that a nice social credit environment is required to regulate financial innovation. Combining the features of international financial market and the reality of Chinese financial market, the paper puts forward several suggestions to improve the social credit environment in China and regulate financial innovation, such as establishing the legal system centering on social credit environment as soon as possible, achieving uniform understanding, plan and coordination at the national level, and applying market-oriented approaches to develop credit service industry.