债券市场跨境监管新思路

New Ideas on the Cross-border Supervision of the Bond Market

在债券市场不断走向国际化的进程当中,监管机关对境外机构和跨境交易的监管也遇到了与境内市场监管不同的挑战。对此,发达市场的监管机构已经积累了丰富的经验,国际上也有相应的机制以协调各国对跨境证券活动的监管,这些国际经验对中国债券市场的国际化具有重要的借鉴意义。

As the internationalization of the bond market continues, regulatory authorities have encountered challenges that are different from domestic market supervision in terms of regulating foreign institutions and cross-border transactions. In this regard, regulatory agencies of developed markets have accumulated a wealth of experience, and international mechanisms are also in place to coordinate national regulations on cross-border securities activities. These international experiences are important references to the internationalization of China's bond market.