论我国社会效益债券的运行风险及其防控  

On Operational Risk of China’s Social Impact Bonds and Risk Prevention and Control

作　　者：闫海[1] 张洪彬 YAN Hai;ZHANG Hongbin(Law School,Liaoning University,Shenyang Liaoning 110136)

机构地区：[1]辽宁大学法学院,辽宁沈阳110136

出　　处：《金融理论与教学》2023年第2期1-6,11,共7页Finance Theory and Teaching

基　　金：国家社科基金青年项目“系统性金融风险法律治理中的监管职能配置研究”(19CFX024)的阶段性成果。

摘　　要：社会效益债券是跨政府、市场和社会三方协同合作的社会治理新模式,能够有效缓解经济发展与多元化社会公共需求之间的矛盾。但是,我国社会效益债券发展尚处在初级阶段,存在项目适用范围不明确、第三方评估机制欠缺、公共财政风险多元化等问题。我国应当推动社会效益债券本土化发展,吸收借鉴国际经验和教训,同时结合我国国情,明确社会效益债券项目的适用范围,建立高效的第三方评估机制,规范公共财政管理制度,以防范社会效益债券的运行风险,并将其纳入法治轨道,实现社会效益债券可持续发展。Social Impact Bond(SIB) is a new model of social governance with the cooperation of government, market and society, which can effectively alleviate the contradiction between economic development and diversified social public demand. However, the development of SIBs in China is in the initial stage, there are problems such as unclear application scope of projects, lack of third-party evaluation mechanism and diversified public finance risks. China should promote the localization of SIBs, learn from international experience. Meanwhile, proceeding from the realities, China should clarify the application scope of SIBs projects, establish an efficient third-party evaluation mechanism, and standardize the public finance management system, so as to prevent the operational risks of SIBs, and bring them into the rule of law to achieve the sustainable development of SIBs.

关 键 词：社会效益债券 预防性干预服务 第三方评估 跨年度预算平衡 风险防控 

分 类 号：F812.5[经济管理—财政学]