中国式影子银行的发展与监管

摘要

综观金融发展史，金融创新与监管在相互“博弈”中共同促进金融行业的发展，从业者和监管层的“斗争”在不同时期和不同国家呈现出不同特点。近年来影子银行在我国金融市场上也引发了普遍的关注，究其原因主要是其规模的增大和影子银行产品和服务乱象百出，理财产品和民间借贷资金去向不明和违约现象时有发生。银监会相关负责人曾在2011年年度会议指出影子银行是近年银行业面临的三大风险之一，所以深入分析我国影子银行的界定、产生原因及其监管等内容就显得十分必要，应以金融结构演进和创新的眼光辩证地看待影子银行的问题，积极正确地加以引导使其规范化、安全化和效率化发展，进而促进金融体系的稳定和国民经济的发展。%Throughout the financial development, financial innovation and regulation jointly promote the development of financial industry in the game playing.There are different characteristics of“struggle” between practitioners and regulators in different periods and different countries.In recent years, shadow bank has attracted universal attention in Chinese financial market.The main reasons are the increasing scale, the chaos of shadow bank product and service, the unaccounted financial products and private lending and all kinds of default phenomenon.In the annual meeting in 2011, related officials of China Banking Regulatory Commission (CBRC) pointed out that the shadow bank is one of the three risks in the banking.So it is necessary to deeply analyze the definition, the causes and the regulation of shadow bank.Looking at the problems of shadow bank from the perspective of evolution and innovation of financial structure, and trying to correctly guide the standard, safe and efficient development can promote the stabilization of financial system and the development of national economy.