我国商业银行影子银行业务模式与风险探究

Research on shadow banking business model and risk of commercial banks in China

2008年国际金融危机以后,我国影子银行应运而生且规模不断扩大。商业银行作为我国影子银行体系的核心,主要通过从事影子银行业务规避监管进行监管套利。近年来随着影子银行业务的弊端逐渐显露,监管部门出台了一系列监管条例来规范影子银行现有模式。研究阐述了中国式影子银行的特殊性,并指出我国影子银行业务发展的三个不同阶段,在这三个阶段中,商业银行相继通过银信合作、同业代付业务、买入返售业务、同业存单质押收益权投资业务等形式进行监管套利行为。分析得出,这些影子银行业务给我国商业银行带来的信用风险以及流动性风险,进而使商业银行的系统性风险攀升,根据以上风险提出对策建议。

After the 2008 international financial crisis,China's shadow bankingemerged and its scale continued to expand.As the core of China's shadow banking system,commercial banks mainly evade supervision by engaging in shadow banking business.In recent years,as the shortcomings of shadow banking havegradually emerged,supervisory authoritieshave issued a series of regulations to regulate the model of shadow banking.This paper describes the peculiarity of Chinese shadow banking,and points out the three different stages of the development of China's shadow banking business.In these three stages,commercial banks have evaded supervision through cooperation between a bank and a trust company,interbank payment business,buy-back business,pledge of interbank certificates of deposit and other forms.This paper analyzes that these shadow banking services have brought credit risk and liquidity risk to commercial banks in China,which in turn increases the systemic risk of commercial banks.Finally,countermeasures are proposed based on the above risks.