信用保护工具助力民营企业债券融资

Credit Protection Instrument Helping Private Enterprises’ Bond Financing

作为信用衍生品的重要组成部分,信用保护工具自诞生之日就与民营企业紧密相关,在提升民营企业融资效率、缓解融资难融资贵问题上发挥了积极作用。但在发展的过程中也遇到了一些困境,尤其是在市场活跃度、定价机制、风险管理等方面面临一定挑战。为推动构建信用保护工具支持民营经济发展长效机制,本文提出遵循注册制基本内涵、顺应债券市场互联互通、推动业务改革创新、强化市场机构能力建设等政策建议。

Credit protection instrument plays an important role in helping the financing of private enterprises,but it’s development faces challenges such as market activity,pricing mechanism and risk management.In order to promote the construction of a long-term mechanism for credit protection instrument to support the development of private economy,we should introduce corresponding policies.