绿色债券募集资金用途异化的法律防范——以信息披露制度完善为中心  

Legal Prevention Against the Dissimilation of the Use of the Funds Raised by Green Bonds——Focusing on the Improvement of Information Disclosure System

作　　者：冯果[1] 吕佳欣 FENG Guo;LÜJia-xin(School of Law,Wuhan University,Wuhan 430072,China)

机构地区：[1]武汉大学法学院,湖北武汉430072

出　　处：《河北法学》2022年第11期72-88,共17页Hebei Law Science

基　　金：中宣部“四个一批”暨文化名家资助项目“金融安全的法律保障”;社科基金重点项目“功能主义视角下商个人法律问题的体系化研究”(19AFX015)

摘　　要：新的时代条件下必须发挥资本作为重要生产要素的积极作用。作为资本市场回应中央决策部署的重要金融工具,绿色债券不能徒有标签而无其实。现阶段我国应该在诸多制度安排中突出信息披露制度的重要作用,以期通过市场机制与社会监督防范募集资金用途异化。目前,我国现行信息披露制度设计失衡,实践中信息披露报告流于形式,无法满足防范募集资金用途异化之需要。对此,应以募集资金使用为主线搭建制度框架,围绕募集资金使用完善强制性与自愿性相结合的披露内容,并构建配套措施保证信息披露制度发挥作用,使绿色债券成为名副其实的社会债券。In the new era,we must give full play to the positive role of capital as an important factor of production.Green bonds are the objective needs of the capital market to respond to the central government’s decision-making and deployment,and should not be exist in name only.Currently,our country should highlight the important role of the information disclosure system,in order to prevent the use of raised funds from dissimilation through market mechanisms and social supervision.At present,there are still many defects in the information disclosure system,such as institutional loopholes and the formalization of disclosure reports.These defects make the information disclosure unable to prevent the use of raised funds from dissimilation.In this regard,we should take the use of raised funds as the main line to establish an institutional framework,set down the mandatory and voluntary disclosure content related to the use of raised funds,and draw up supporting measures to ensure that the information disclosure system works,so as to make green bond a real social bond.

关 键 词：绿色债券 募集资金用途 信息披露 市场机制 社会监督 

分 类 号：D922.287[政治法律—经济法学]