监管与规避的博弈:信托受益权转让融资案例

Game Between Regulation and Circumvention: Financing Case by Transferring Beneficial Right of Trust

在有管制的市场经济中,监管与创新始终处于动态博弈过程中,当前信托受益权转让业务的快速发展正是商业银行规避金融监管追逐利润最大化的结果。本文对某地矿集团通过信托受益权转让业务获取银行资金的过程进行剖析,揭示该业务的实质以及对金融监管和宏观调控的影响,并对其规范发展提出建议和思路。

In a regulated market economy, the game between regulation and innovation is non-stop. The rapid growth of beneficial right transfer is exactly the result of bypassing financial regulation to pursue the maximized profit by commercial banks. Through analyzing how a Mineral Group＇ s get access to bank funds by the means of beneficial right transfer of Trust, this paper aims to reveal the nature of the transaction and its influence on financial regulation and macroeconomic-control, and provides some targeted suggestions to help the business develoo healthily.