在规范中发展 在发展中创新——关于银监会8号文之解读

Development in Specification and Innovation in Development——Interpretation of the Eighth Document of the CBRC

为规范商业银行理财业务投资运作,银监会发布8号文,从非标准化债权资产的界定、理财产品与投资资产的对应、信息披露、规模控制、管理流程等不同角度,防范化解理财业务风险。8号文的出台对商业银行、非银行金融机构及投资者产生了多方面影响,可能导致银行强弱的进一步分化,促进理财产品的研发创新,以券商为主的非银行金融机构将长期受益。各银行、非银行金融机构及投资者应积极寻求应对措施,充分利用新规的利好空间。

In order to regulate investment operations of wealth-management businesses of commercial banks,the CBRC issued the 8th document in 2013.By means of definition of non-standardized creditors assets,corresponding relationship between wealth-management products and invested assets,information disclosure,scale control,management process,and so on,defuse financial risks.The 8th document has had multiple effects on commercial banks and non-bank financial institutions as well as investors,may lead to strong or weak polarization intensified,and promote the innovation of financial products.Non-bank financial institutions will benefit in the long term.Banks and non-bank financial institutions as well as investors should seek measures actively,and make full use of the favorable space.