“影子银行”体系的风险特征与监管体系催生

Risk Characteristics of Shadow Banking System and Supervision System Creation

"影子银行"体系是指一般银行之外的信用媒介主体及其活动,它们发挥着与商业银行同样的职能。随着"影子银行"体系在金融市场的不断发展,其高杠杆率、期限错配、信息不透明等特点愈加凸显,使得社会中的流动性被大量释放,房地产业、金融业被推向高潮,给整个金融体系带来了严重的系统性风险。和国外相比,我国尚未形成较为完整的"影子银行"体系,因此有必要借鉴国外"影子银行"体系的发展和监管经验,引导其规范发展,并将其作为银行体系的有益补充。

＂Shadow banking system＂ refers to the credit media institutions and their activities outside of the general banking system, which function as commercial banks. With the continuous development of the shadow banking system in the financial markets, the characteristics of shadow banking system that are high leverage, maturity mismatches, and opaque information are even more prominent. Then it releases a lot of liquidity to the community, and climaxs the real estate industry and financial industry, which brings serious Systemic risk to the financial system. Different from foreign countries, China has not yet formed a relatively complete shadow banking system, so it is necessary to learn the experience of development and regulation of the shadow banking system from abroad, guide the development of our shadow banking system and treat it as a useful supplement to the banking system.