上海自贸实验区资本账户开放与离岸金融市场研究

发布时间：2018-04-19 01:18

本文选题：上海自由贸易实验区 + 资本账户开放　；参考：《首都经济贸易大学》2014年硕士论文

【摘要】：中国(上海)自由贸易试验区正式挂牌成立,标志着我国资本账户一开放与离岸金融市场的发展进入了一个新阶段,在上海自贸试验区中进行的包括资本账户开放以及境内离岸金融市场发展在内的各项改革,有助于我国探索出一个能够在全国进行复制、推广的建设方案。随着全球经济形势的转变,我国的经济发展正而临着如何进一步融入全球经济环境的严峻挑战,当前留给上海自贸试验区探索、试点的时间并不充裕,上海自贸试验区不可能只是坐享优惠政策,成为“特区”。本文在总结了上海自贸试验区发展的历史背景和现状的基础上,以资本账户开放和离岸金融市场业务发展为切入点,分析了上海自贸试验区推行金融改革的收益和风险,并对未来几年我国的金融改革路径选择提出了一些建议。本文得到的结论是：我国要以推动金融机构改革、发展配套的金融监管与风险防范机制为先导,先逐步健全我国国内的金融体系和监管制度,再逐步推动资本账户的开放和离岸金融市场的发展。对于各项改革的速度,本文认为资本账户开放,特别是短期资本流动的开放应该审慎进行,目前没有进一步加快开放速度的必要,“成熟一项,推动一项”的稳健政策更适合我国当前的情况；离岸金融市场的发展速度应根据其他配套改革措施的完成情况而定,且在现阶段离岸业务与在岸业务应该进行严格有效的隔离。总体来看,在进行审慎监管的前提下,上海自贸试验区内的资本账户开放与离岸金融市场将会形成一个相互支持,相互推动的良性循环。
[Abstract]:The establishment of the China (Shanghai) Free Trade pilot Zone officially marks a new stage in the opening of China's capital account and the development of the offshore financial market.The reforms carried out in the Shanghai Free Trade Test area, including the opening of capital account and the development of offshore financial market in China, will help our country to explore a construction scheme that can be replicated and popularized in the whole country.With the change of the global economic situation, China's economic development is facing the severe challenge of how to further integrate into the global economic environment.Shanghai Free Trade pilot area can not just enjoy preferential policies, become a "special zone."On the basis of summarizing the historical background and present situation of the development of Shanghai Free Trade Test area, this paper analyzes the benefits and risks of the implementation of financial reform in Shanghai Free Trade Test area, taking the opening of capital account and the development of offshore financial market as the starting point.And put forward some suggestions on the choice of financial reform path in the next few years.The conclusions of this paper are as follows: our country should promote the reform of financial institutions, develop supporting financial supervision and risk prevention mechanism, and gradually improve our domestic financial system and supervision system.Gradually promote the opening of the capital account and the development of offshore financial markets.As to the speed of reform, this paper holds that the opening of capital account, especially the opening of short-term capital flows, should be carried out prudently, and there is no need to further accelerate the speed of opening up at present.The development speed of offshore financial market should be determined according to the completion of other supporting reform measures, and the offshore business and onshore business should be strictly and effectively isolated at the present stage.On the whole, under the premise of prudential supervision, the opening of capital account and offshore financial market in Shanghai Free Trade Test Zone will form a virtuous circle of mutual support and mutual promotion.
【学位授予单位】：首都经济贸易大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.7

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