多层次推进资产管理的供给侧改革

Multi-layered Promotion of the Supply-side Reform of Asset Management

资管的重复嵌套模糊了金融与实体经济的映射关系,本文从最简通道的视角测算了嵌套关系的冗余构成,分析了监管分类的峭壁效应,提出了平滑底层资产分类的纾解方案。

The repeated nesting of assets have made the reflection relation between finance and real economy fuzzy. This paper measures the superfluous composition of nested relations from the perspective of the simplest channel. It analyzes the cliff effect of supervision classification and puts forward solutions for the classification of smooth under- lying assets.