摘要
我国融资融券业务经历了10余年的发展,已经成为资本市场重要的基础性交易制度,对于完善A股交易机制、培育成熟投资者、增加证券公司收入等发挥了重要作用。随着资本市场改革的持续深化,融资融券业务迎来了新的发展机遇。但是,仍存在着业务发展不均衡、风险监测不完善等问题,建议通过构建集中统一的证券借贷平台、提升机构投资者出借意愿、加快行业客户信用信息共享、打造杠杆交易全面风险防控体系等手段来解决。
Margin trading and short selling have become an important basic trading system in China’s capital market after more than 10 years of development,which has played an important role in improving the A-share trading mechanism,cultivating mature investors and increasing the income of securities companies.With the continuous deepening of capital market reform,margin trading and short selling are faced with new development opportunities.However,there are still some problems such as unbalanced business development and imperfect risk monitoring.It is suggested to build centralized and unified securities lending platforms,enhance the lending willingness of institutional investors,speed up the credit information sharing of clients,and build a comprehensive risk prevention and control system for leveraged trading,etc.,to solve these problems.
作者
蒋焰
JIANG Yan(Beijing Financial Holdings Group,Beijing 100005)
出处
《中国商论》
2022年第14期74-76,共3页
China Journal of Commerce
关键词
资本市场
融资融券
转融资
转融券
证券借贷
capital market
margin trading and short selling
refinancing
re-securitization
securities lending
