“双循环”背景下我国产融结合的新挑战与政策应对  

New Challenges and Policy Responses to China's Domestic Finance Integration under the Background of"Double Cycle"

作　　者：钟震[1] 郭立 刘胜男 ZHONG Zhen;GUO Li;LIU Shengnan(People's Bank of China,Beijing 100800;Institute of Journalism and Communication,Chinese Academy of Social Sciences,Beijing100021;Price Certification Center of National Development and Reform Commission,Beijing100837)

机构地区：[1]中国人民银行,北京100800 [2]中国社科院新闻与传播研究所,北京100021 [3]国家发展改革委价格认证中心,北京100837

出　　处：《西部金融》2020年第8期4-7,共4页West China Finance

基　　金：国家社会科学基金:“金融‘双峰’监管体系的理论构建、国际实践与中国抉择研究”(19CJY064);国家社科基金一般项目“大数据时代中国金融供给侧结构性改革理论与对策研究”(16BJY183)。

摘　　要：相较美国等发达经济体,我国产融结合起步较晚,但发展较快。产融结合有助于非金融企业优化自身资本配置,提升竞争力,也有利于金融机构扩大资本来源,增强金融支持实体经济的能力,但对其风险也要引起高度重视。从我国产融结合发展历程来看,主要遵循产融能否结合和产融结合程度两大逻辑主线。近期,党中央、国务院提出要“加快形成以国内大循环为主体、国内国际双循环相互促进的新发展格局”。“双循环”已成当前以及今后一段时期内我国经济发展的重要战略思想。在“双循环”背景下,我国产融结合发展不仅面临着此前发展中的问题,还将面临新的挑战。建议积极做好政策应对,进一步健全我国产融结合监管框架。Compared with the developed economies such as the United States,China's domestic financial integration started late,but it has developed rapidly.The integration of industry and finance will help non-financial companies optimize their capital allocation and enhance their competitiveness.It will also help financial institutions expand their capital sources and enhance the ability of finance to support the real economy.But its risks should also be taken seriously.Judging from the development history of China's domestic finance integration,it mainly follows the two logical main lines of whether industry and finance can be integrated and the degree of industry and finance integration.Recently,the Party Central Committee and the State Council have proposed to"accelerate the formation of a new development pattern with the domestic cycle as the main body and the domestic and international dual cycles mutually promoting each other."The concept of"double cycle"has become an important strategic thinking for my country's economic development at present and in the future.In the context of"dual cycle",China's domestic and financial integration development will not only face the previous development problems,but will also face new challenges.Therefore,it is advisable to actively respond to policies and further improve the regulatory framework for domestic and financial integration.

关 键 词：产融结合 双循环 金融监管 

分 类 号：F831.5[经济管理—金融学]