重庆地票二级市场的开放与交易机制研究

摘要

Securitized land, as the credence of right and interests, has flowing feature, the opening of the secondary market of the securitized land is conducive to securitized land market development, exchange system perfection and the interests guarantee for the holders and the demanders of the securitized land, which fits for the direction and objective of Chinese land system reform. In recent years, the exchange amount of the securitized land is gradually expanding year by year, the average exchange price is stably rising, the pledge scale becomes bigger and bigger, as a result, Chongqing basically has the condition to open the secondary market for the securitized land. However, the opening of the secondary market for the securitized land still needs to further cultivate the primary market of the securitized land, to control the irrational market exchange, to perfect the related laws and regulations and to set up effective exchange information platform and strict supervision system. Currently, Chongqing may firstly open the secondary market of the un-securitized land and actively prepare for the secondary market for the securitized land.%地票作为权利价值凭证，具备可流动性；地票二级市场的开放，有利于地票市场的发展、交易体系的完善以及地票持有者和需求者的利益保障，也符合我国土地制度改革的方向和目标。近年来，重庆地票交易量逐年扩大，交易均价稳步上升，质押规模也越来越大，基本具备了开放地票二级市场的条件。开放地票二级市场，还需要进一步培育地票一级市场，控制不合理的市场炒作，完善有关法律法规，并建立有效的交易信息平台和严格的监督制度。目前重庆可以先开放非证券化的地票二级市场，并积极为开放证券化的地票二级市场做准备。