我国影子银行系统风险的全面监管探析

Discussion on Comprehensive Supervision on the Shadow Banking System Risk in China

随着我国金融脱媒现象和表外资产的大量出现,影子银行发展迅速,导致表内信贷已不能完全反映全社会的信贷资金供求状况。本文分析了我国影子银行的现状和成因,指出游离于监管体制之外的影子银行已成为削弱中央银行宏观调控能力的重要因素,影响了我国的信用创造和金融稳定运行,需要疏通社会资金在金融体制内外的循环,加强对影子银行系统风险的全面监管,避免因其资金链断裂引起的系统性风险冲击。

In recent years, with the emergence of financial disintermediation and a large number of off-balance sheet assets in China, the shadow banking develops rapidly, and credit growth in the amount of table has not fully reflected the capital supply and demand status of the whole society. The rapid expansion of the financial aggregates, the financial structure of muhi- development of financial products and financing tools continue to innovate. This paper points out that we need clear the social funds in the financial system both inside and outside the circulation, strengthen the comprehensive supervision of the financial risks of the shadow banking system, and avoid systemic shocks derived by the funding chain breaks.