债券市场马喜德利益输送案例分析

发布时间：2018-03-08 13:54

本文选题：债券市场　切入点：灰色利益　出处：《辽宁大学》2014年硕士论文　论文类型：学位论文

【摘要】：伴随着我国经济转型逐步加深，我国市场直接融资比重显著提高，而债券是一种重要的直接融资工具，债券发行量和交易量都有了显著提高。在滇富银行债券市场风波之后，我国债券市场于近几年基本处于牛市，发展形势较好。然而，在我国债券市场如火如荼发展的背后，也存在着一些潜在问题。整顿债券市场不管是对我国债券市场的蓬勃发展,还是于债券市场巨大的规模对我国整个金融系统安全的重要性,都十分必要。如若任凭我国债市恶相滋生,则不仅债券市场自身的融资效率会降低,融资成本还会提高,一系列金融腐败亦会相应而生。此外,我国当下债市规模宏大,如果不及时治理,更可能导致我国金融市场出现系统性风险。 2013年4月我国债券市场爆发了一次涉案金额巨大、殃及范围广阔的利益输送案件。本文通过对这一案件系统介绍剖析，，通过研究当前债市不法人员如何操控利益输送，解析灰色操控背后原因以及债市监管盲点，最后从原因入手提出应对对策。文章通过对这次债市风暴的分析，提出了我国债市现存问题，引领个人、机构、监管当局进行深刻反思，对规范债券市场，降低经济犯罪概率，具有现实意义。
[Abstract]:With the gradual deepening of China's economic transformation, the proportion of direct financing in China's market has increased significantly, while bonds are an important direct financing tool, and the amount of bond issuance and trading volume have increased significantly. The bond market of our country is basically in the bull market in recent years, and the development situation is good. However, there are some potential problems behind the development of the bond market in our country. It is necessary to rectify the bond market, not only for the vigorous development of our bond market, but also for the importance of the huge scale of the bond market to the security of our entire financial system. Not only will the financing efficiency of the bond market itself be reduced, the financing costs will also increase, and a series of financial corruption will also arise accordingly. In addition, the current debt market in China is on a large scale, if it is not dealt with in a timely manner, It is more likely to lead to systemic risks in our financial markets. In April 2013, a huge amount of money was involved in the bond market in our country, which brought about a wide range of cases involving the transmission of benefits. This paper, through the systematic introduction and analysis of this case, studies how the illegal personnel in the current bond market manipulate the transfer of benefits. This paper analyzes the reasons behind grey manipulation and the blind spot of bond market supervision, and finally puts forward some countermeasures from the point of view of the causes. Through the analysis of this bond market storm, the article puts forward the existing problems in China's bond market, leading individuals and institutions. It is of practical significance to regulate the bond market and reduce the probability of economic crime.
【学位授予单位】：辽宁大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.51

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