中国影子银行的风险及监管对策研究
Research on the Risks and Regulatory Measures of Chinese Shadow Banking

在金融市场高度发达的今天，影子银行体系与传统银行体系业务高度交叉，风险防火墙形同虚设，风险能够很顺利地通过多种渠道传递到传统银行体系，造成系统性风险，并辐射到实体经济，对基础经济造成打击。自影子银行发展以来，我国专家学者和相关部门一直在不断创新监管方式、完善监管制度，以维护风清气正、安全稳定的金融市场环境。本文将阐述影子银行的基本内涵，进而借助Matlab R2018a软件对影子银行的操作风险、流动性风险和信用风险进行度量，得出我国影子银行系统目前面临的严峻形势并对风险进行分析。结合我国各阶段监管措施和政策的不足，提出相关建议，分别为调整金融降杠杆政策套餐、立法政策引导资金脱虚向实，为实体经济服务、强化立法监管、建立风险预警机制、搭建信息公告平台，强化信息披露等。从而更好地把控风险，让影子银行更好地为实体经济服务。
In today’s highly developed financial market, the shadow banking system and traditional banking system are highly interconnected, and the risk firewall is virtually non-existent. Risks can be smoothly transmitted to the traditional banking system through multiple channels, causing systemic risks and radiating to the real economy, striking down the basic economy. Since the development of shadow banking, experts, scholars, and relevant departments in China have been continu-ously innovating regulatory methods and improving regulatory systems to maintain a clean and stable financial market environment. This paper will explain the basic connotation of shadow banking, and then measure the operational risk, liquidity risk and credit risk of shadow banking with Matlab R2018a software, so as to find out the severe situation that China’s shadow banking system is currently facing and analyze the risk. Based on the shortcomings of regulatory measures and policies at various stages in China, relevant suggestions are proposed, including adjusting the financial leverage reduction policy package, guiding funds to shift from virtual to real through legislative policies, serving the real economy, strengthening legislative supervision, establishing risk warning mechanisms, building information announcement platforms, and strengthening information disclosure. In order to better control risks and enable shadow banks to better serve the real economy.