中国式影子银行的法律定性  

A Legal Definition on Chinese Styled Shadow Bank

作　　者：朱伟一[1] 

机构地区：[1]中国政法大学比较法研究院

出　　处：《中国政法大学学报》2014年第4期79-96,159,共18页Journal Of CUPL

摘　　要：影子银行是造成美国金融危机的一个重大原因,目前中国的影子银行也已引起各方关注。中国的影子银行有自己的特色。本文结合资本市场的实践,从法律角度评述了中国式影子银行的主要形式和特点,着重分析了银行理财产品和信托产品这两种主要形式的影子银行业务,分析了此类产品的形式和性质,同时分析了发行和销售此类产品中所出现的问题。本文的主要结论是:一、理财产品和信托产品是影子银行的重要组成部分;二、理财产品和信托产品应当被界定为证券,并接受相应的监管。对于影子银行的监管措施,应当由只重定量过渡到定性和定量并重,通过定性促进定量。Shadow banking is one of the main causes of American financial crisis. Now the shadow banks in China have attracted various concerns. With the practice in capital market, this paper comments on the major forms and characteristics of Chinese shadow banks from legal point of view. Its analysis focuses on the shadow banks business of bank financing products and trust products, the products' forms and natures, and the problems of publishing and selling these kinds of products. It concludes that financing products and trust products compose the important part of shadow banks and they should be classified as securities with relevant supervision and control. The supervision and control measurement should be both quantified and qualified instead of just quantified. The qualification should facilitate the quantification.

关 键 词：影子银行 理财产品 信托产品 投资合同 非法集资 证券监管机构 

分 类 号：F832.3[经济管理—金融学]