试论我国开展融资性票据的可行性

发布时间：2017-12-26 21:46

本文关键词：试论我国开展融资性票据的可行性　出处：《郑州大学》2016年硕士论文　论文类型：学位论文

【摘要】：作为货币市场的重要组成部分,票据市场在我国金融市场中所占比重越来越大。根据票据的功能来看,票据不仅有支付、结算和汇兑的功能还有融资的功能。融资性票据是指没有真实性贸易背景且体现着票据融资、信用功能的商业票据,它与真实性票据有着本质性的不同,更多地发挥着票据的融资及信用功能。我国的票据市场经过长期的发展,已经形成了初步的规模并迈向了深化改革的地步,但是票据的融资性在我国票据市场上并没有很好的被利用,我国《票据法》对票据真实性的定义很大程度上也限制了我国融资性票据的发展。然而随着我国票据市场的日趋成熟,开展融资性票据有着十分重要的意义,它不仅能够完善我国货币政策传导机制、缓解中小企业短期融资难,而且也能完善社会信用体制、降低银行监管成本。在一些发达国家的票据市场上,融资性票据已经占据了相当重要的地位,它是票据市场上极为重要的融资工具,国外比较成熟的票据市场发展历程为我国开展融资性票据提供了丰富的经验。而对比国内外票据市场差距与差异更是说明了我国开展融资性票据的必然性及可行性。然而票据市场在每个国家都有着鲜明独特的市场特征,目前我国开展融资性票据业务仍面临着许多的风险和阻碍。比如融资性票据合法地位没有确定、缺少成熟的市场管理体制、社会信用评级体制有待完善、企业资信透明度不高、没有有效的入市退市机制等问题都是我国开展融资性票据需要面临的挑战。因此,开展融资性票据必须是循序渐进、由浅及深、分阶段进行的。通过对市场的逐步开放和外部环境的逐步改善来逐步形成一个高效、活跃、灵活并具有我国特色市场机制的融资性票据市场。
[Abstract]:As an important part of the currency market, the bill market is becoming more and more important in the financial market of our country. According to the function of the bill, the bill not only has the function of payment, settlement and exchange, but also the function of financing. The financing negotiable instruments refer to the commercial bills which do not have the real trade background and reflect the financing and credit functions of bills. They are essentially different from the real bills, which play a more important role in the financing and credit functions of negotiable instruments. China's bill market after a long-term development, has formed a preliminary scale and to deepen the reform of the state, but the financing note in the bill market in our country and there is no good use of China's "negotiable instruments law" also limits the development of China's financing bill to the definition of authenticity bill largely. However, with the maturity of China's bill market, developing financing bills is of great importance. It can not only improve the transmission mechanism of monetary policy, alleviate the short-term financing difficulties of SMEs, but also improve the social credit system and reduce the cost of banking supervision. In some developed countries, financing bills have occupied a very important position in the bill market. It is a very important financing tool in the bill market. The development process of foreign mature bill market has provided rich experience for our country to develop financing bills. Compared with the gap and difference between domestic and foreign negotiable instruments market, the necessity and feasibility of developing financing instruments in China are explained. However, the bill market has a distinctive and unique market characteristics in every country. At present, the financing bill business in China is still facing many risks and obstacles. For example, the legal status of financing instruments, did not identify the lack of mature market management system, social credit rating system needs to be perfected, enterprise credit transparency is not high, there is no effective problem in the delisting mechanism are carried out in our country needs to face the challenges of financing instruments. Therefore, the development of financing instruments must be carried out step by step, from shallow to deep and in stages. Through the gradual opening up of the market and gradual improvement of the external environment, we will gradually form an efficient, active and flexible financing market with Chinese characteristic market mechanism.
【学位授予单位】：郑州大学
【学位级别】：硕士
【学位授予年份】：2016
【分类号】：F832.2

【相似文献】