我国票据信用评级体系建设的审视与构想

Inspection and Proposition of Credit Rating System of Chinese Commercial Paper Market

票据市场是我国货币市场的重要组成部分,自诞生以来就发挥了服务实体经济的关键作用。作为防范信用风险、激发市场活力的有效手段,票据信用评级制度将是未来票据市场发展的方向之一。但受基础数据缺失等原因影响,长期以来票据市场仍未建立信用评级制度。目前国内外对票据信用评级体系的研究较少,本文试从我国票据市场信用评级的现状分析与存在的主要问题入手,结合票交所的制度创新,探索票据信用评级体系建立的路径及发展建议。

Commercial paper market is an important component of Chinese money market,it has played a key role in entity economy since its birth.However,due to the lack of basic data and other reasons,the credit rating system has not been established for a long time.As an effective means to prevent credit risks and stimulate market vitality,the credit rating system for commercial paper is one of the future directions.This paper tries to analyze main problems from the present situation of credit rating of commercial paper market,puts forward the development of credit rating of commercial paper market and suggestions on the development.