信息主权观下的中国信用评级行业现状分析与对策研究

发布时间：2018-06-18 05:08

本文选题：信息主权 + 信用评级　；参考：《华东师范大学》2012年硕士论文

【摘要】：长期以来,美国穆迪、标准普尔和惠誉等国际评级机构因其不透明、不公正的评级方式所带来的严重后果受到了国际社会的广泛质疑。从安然事件,到“两房”债券,从希腊、葡萄牙主权信用评级的下调到欧洲债务危机的爆发,让我们深刻了解了国际信用评级机构的巨大作用。三大国际信用评级机构利用其垄断的市场地位,一直居于信息发布的制高点,拥有资金配置的话语权,被称为资本市场的“看门人”。同时,国际信用评级机构利用其垄断地位和市场先机,不断的通过收购、兼并等手段进入我国的信用评级市场,并通过信用评级机构、市场和信息三方面渗控我国信用评级行业,对我国信息主权和金融安全构成了严重的威胁。本文是从信息主权的角度出发,以信用评级行业的具体的行业相关统计资料为样本数据,分析外资信用评级机构是如何逐渐渗入中国的信用评级行业从而实现市场主导地位的过程；以及其利用市场主导地位所获得的中国各个行业的数据信息的程度,来研究中国信用评级行业的失控情况,从而提出相应的应对意见,为我国构建新型信用评级体系以及后来研究提供一些事实依据。首先介绍信用与信用评级的基本概念,信用评级行业的重要性与历史发展状况以及信用评级对信息主权的影响机制。然后从中国信用评级的机构失控、市场失控、信息失控三个角度,通过资料数据的搜集分析国外信用评级机构进入中国的进程凸显信用评级机构的失控；通过分析国外评级机构直接参与国内的金融行业市场比例,能源、采矿等核心行业的覆盖范围以及间接评级的方式参与我国国内资本评级市场的业务情况凸显市场失控；再通过分析信用评级的业务流程,分析评级机构的各个环节所能收集到的数据资料相关情况凸显信息的失控。最终根据分析结果与信用评级行业国内外发展经验,提出发展我国现有信用评级行业的建议。
[Abstract]:International rating agencies such as Moody's, Standard & Poor's and Fitch have long been widely questioned by the international community for the serious consequences of their opaque and unfair ratings. From the Enron affair to the Fannie and Freddie bonds, from the downgrade of Greece and Portugal's sovereign credit rating to the outbreak of the European debt crisis, we have a profound understanding of the enormous role of international credit rating agencies. The three international credit rating agencies have been in the commanding height of information release by their monopolistic market status, and have the right to say the allocation of funds, so they are called "gatekeepers" of the capital market. At the same time, international credit rating agencies take advantage of their monopoly position and market opportunities to continuously enter the credit rating market of our country by means of acquisitions and mergers, and through credit rating agencies. The market and information control the credit rating industry in China, which poses a serious threat to our country's information sovereignty and financial security. From the perspective of information sovereignty, this paper takes specific industry statistics of credit rating industry as sample data. This paper analyzes the process of how foreign credit rating agencies gradually infiltrate the credit rating industry in China to realize market dominance, and the extent to which the foreign credit rating agencies make use of the market dominance to obtain the data and information of various industries in China. To study the runaway situation of China's credit rating industry, and put forward the corresponding suggestions, for China to build a new credit rating system and later research to provide some factual basis. This paper first introduces the basic concepts of credit and credit rating, the importance and historical development of credit rating industry and the influence mechanism of credit rating on information sovereignty. Then from the perspective of runaway credit rating agencies, out of control market, information out of control, through the collection of data analysis of foreign credit rating agencies into China's process highlights the runaway credit rating agencies; By analyzing the proportion of foreign rating agencies directly involved in the domestic financial market, the coverage of core industries such as energy, mining and indirect ratings, the business situation of participating in the domestic capital rating market of our country highlights that the market is out of control. Then through the analysis of the credit rating business process, the analysis of the rating agencies in each link can be collected data related to the situation highlights the information out of control. Finally, according to the analysis results and the domestic and foreign development experience of credit rating industry, the paper puts forward some suggestions to develop the existing credit rating industry in China.
【学位授予单位】：华东师范大学
【学位级别】：硕士
【学位授予年份】：2012
【分类号】：F832.39

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