如何防范灰犀牛：中国式影子银行的法律监管路径
How to Prevent Grey Rhinos: A Legal Regulatory Path for Chinese-Style Shadow Banking

影子银行迅速崛起成为金融市场的又一不稳定性因素，加强对影子银行的有效监管成为社会各界的共识。但如何对影子银行活动进行规制和管控成为实践困境。面对金融监管领域的相关法律规范不健全、金融监管权力配置不均衡、相应救济机制缺位等问题，可借助比较法的方法，锚定中国式影子银行的独特内容，并借助法律手段，设计符合中国具体国情的行之有效的规范体系。相应的法律制度的设计应从健全整体法律规范体系、优化权力配置机制、建立双向救济机制入手，破除影子银行“监管难”的窘境。
The rapid rise of shadow banking has become another instability factor in the financial market, and strengthening the effective supervision of shadow banking has become the consensus of all sectors of society. However, how to regulate and control shadow banking activities has become a practical dilemma. In the face of problems such as the imperfection of relevant legal norms in the field of financial supervision, the unbalanced allocation of financial regulatory powers, and the lack of corresponding relief mechanisms, we can use the method of comparative law to anchor the unique content of Chinese-style shadow banking, and design an effective normative system in line with China’s specific national conditions with the help of legal means. The design of the corresponding legal system should start from improving the overall legal norm system, optimizing the power allocation mechanism, and establishing a two-way relief mechanism, so as to break the dilemma of “difficult supervision” of shadow banking.