场外配资的风险分析与对策

Analyze Risks of Over-the-Counter Capital Allocation and Countermeasures

近年来,每当A股指数大涨,“配资”“牛市”关键词在网上的搜索量就陡然上升,场外配资就呈抬头之势。从配资主体、原因及特征分析入手,全面刻画场外配资行业生态,分析过度杠杆、市场投资、法律合规及系统性金融风险等潜在风险,在建设“规范、透明、开放、有活力、有韧性的资本市场”目标指导下,采取智慧赋能预警风险、依法高效打击犯罪、积极引导综合施策等应对举措,有利于维护资本市场健康发展。

In recent years,whenever the A-share index sours rapidly,the search volume of such key words as“capital allocation”and“bull market”rises rapidly and over-the-counter(OTC)capital allocation tends to be on the rise,too.Beginning with the analysis of the subject,causes and characteristics of OTC capital allocation,this paper fully describes the OTC,business environment,excessive leverage,market investment,law compliance and other potential risks like systemic financial risk.Guided by the goal of building a standard,transparent,open,dynamic and resilient capital market,we should take comprehensive countermeasures such as installing intelligent alarming systems,combating the crime effectively according to laws and offering guidance so as to maintain the healthy development of the market.