电票时代下融资性票据质押的市场风险防范  

Precautions against Market Risks of Pledged Financing Bills in the E-Ticket Era

作　　者：王玮[1] WANG Wei

机构地区：[1]华东政法大学,上海200050

出　　处：《安徽冶金科技职业学院学报》2020年第2期87-90,共4页Journal of Anhui Vocational College of Metallurgy and Technology

摘　　要：中小企业融资难是一个世界性难题,有的企业利用汇票的信用功能,出质融资性电子汇票,通过互联网平台向公众募集资金,承诺到期还款。这是一种金融创新,但也存在法律风险。出质融资性电子票据与票据法第十条第一款相冲突,银行可能拒绝承兑。经分析,该条款违反票据基础理论,亦无可行性,但其价值取向——防范信贷扩张值得肯定,其废止应以改革现有金融监管措施为前提。针对电子融资性票据质押提出风控建议:一是要转换监管重点,从审查交易背景转向监管企业经营状况。二是票交所应与平台合作,筛选信用良好的企业,给予签发融资性票据的资格;联手建立票据信用白名单黑名单制度,让资信良好的企业享受更多融资便利。Difficulty in financing for small and medium-sized enterprises is a worldwide problem.Some enterprises use the credit function of bills of exchange to pledge financing electronic bills of exchange,raise funds from the public through the Internet platform,and promise to repay due.This is a financial innovation,but there are also legal risks.The pledged financing electronic bill conflicts with the first paragraph of Article 10 of the Bill Law,and the bank may refuse to accept it.After analysis,this clause violates the basic theory of bills and is not feasible,but its value orientation-preventing credit expansion is worthy of recognition,and its abolition should be based on the reform of existing financial regulatory measures.This article proposes risk control recommendations for electronic financing bill pledges:First,it is necessary to change the focus of supervision,from reviewing the transaction background to supervising the operating status of enterprises.Second,the Stock Exchange should cooperate with the platform to select companies with good credit and give them the qualification to issue financing bills;jointly establish a bill credit whitelist blacklist system to allow companies with good credit to enjoy more financing convenience.

关 键 词：融资性票据 互联网平台 电子票据 监管对策 

分 类 号：F832.24[经济管理—金融学]