我国票据市场发展的现状分析及创新的研究.pdfVIP

我国票据市场发展的现状分析及创新研究 摘 要 票据市场是一个古老的市场,中国票据市场经历了从禁止到逐步放 开的过程 改革开放以来 随着我国现代商品经济的快速发展 我国的 票据市场也得到了长足的发展 从80年代初起,金融界和企业界的有识 之士就不断呼吁发展票据市场,但历时20来年,到1999年底,票据年交易 总量仅是5000亿元左右,只相当于股票市场年交易额的10%各商业银 行的票据交易停留在 副业 阶段 从2000年开始 票据市场的发展呈 现出一种 井喷 的态势 在拓宽企业融资渠道 改善金融资产结构 密切新型银企关系 提高货币政策效力 促进社会需求发展等方面发挥 了重要的作用 在经历了两年的快速发展之后 票据市场的众多问题也 逐步凸现 如何在新的历史时期全面推进中国票据市场的改革和健康发 展成为社会各界广泛关注的重要课题 本文以作者多年从事票据业务的经验为背景 阐述了发展我国票据 市场的必要性与紧迫性,并对国内外票据业务作了简单的比较分析 其后 详细分析了我国目前票据市场的现状和存在的问题 并针对目前我国票 据市场出现的问题 本文就市场形态的选择及市场主体选择作进一步的 研究 对目前已经存在的票据专营机构的建设以及开放融资性票据进行 了创新探索 提出了一些思路与对策建议 关键词 票据市场 现状 创新 融资性票据 专营机构 STATUS ANALYSIS AND CREATIVITY RESEARCH ON CHINESE NOTE OPERATION DEVELOPMENT ABSTRACT The note market is a market of a long history. Chinese note market has undergone an experience from being banned to gradually relaxed. Since the reforming and opening up policy’s, implementation, with the modern commodity economy growing fast, the Chinese note market has gained a continuous development. From the beginning of 1980s, sensible people from the financial circle and the business community have already been constantly calling for the development of the note market. But twenty years passing by, up to the end of 1999, the annual aggregate turnover of the note market was merely around 500 billion, which equaled only to 10% of the annual exchange amount of the stock market. The commercial banks’ note operation stopped at the stage of “subsidiary operation”. Since the year of 2000, the development of the note market has taken on a posture of “Jinpeng”, namely, speedy growth after a long-time suppression. Consequently it played an important role in many aspects like widening the enterprises’ financing channels, improving the financial assets structur