商业银行参与资本市场运作

商业银行参与资本市场运作

摘要

现阶段，在我国金融业 150 万亿左右的总资产中，银行业的资产约为 130 万亿，占比 85%以上；在全部社会融资总量中，商业银行曾长期占比在 90%以上，即便在 2012 年也达到75%。可以说，商业银行是金融体系中最有影响力的主体，是金融市场上能量最大的参与者。所以，在我国资本市场的快速发展中，离不开商业银行所发挥的作用。

但是，商业银行在参与资本市场运作中也出现了一些问题如商业银行不断增资扩股，给股市带来了压力；参与资本市场加大了商业银行的风险，除此外，商业银行是债券市场最主要的持有者，影响了银行体系风险的有效分散等。为了商业银行在参与资本市场的过程中健康发展，本文针对问题提出了一些列解决对策如建立和完善商业银行参与资本市场的法律法规；同时加强风险控制，进一步推动债券市场投资者优化步伐，进一步增加非金融机构参与者数量，扩大非银行部门投资者持有比重，切实降低商业银行持有债券比重过高的局面，促使银行体系风险得到有效且真正的分散等。这样，商业银行在资本市场的运作中才会发挥自己的积极作用，并促进商业银行和资本市场共同健康发展。

关键词商业银行；资本市场；问题；对策

Abstract

At this stage, about 150 trillion of the total assets of China's financial industry, the banking assets of about $ 1.3 trillion, accounting for more than 85%; All total social financing, commercial banks had long accounted for more than 90% Even in 2012 reached 75%. It can be said that the commercial banks are the most influential in the financial system in the main, the maximum energy of the participants in the financial markets. Therefore, the rapid development of China's capital market is inseparable from the role of commercial banks.

But, the commercial bank also appeared some question like commercial bank in the participation capital market operation to increase the capital to expand the stock unceasingly, has brought the pressure to the stock market; The participation capital market has enlarged commercial bank's risk, eliminates in addition, the commercial bank is the bond market most main holder, has affected the bank system risk effective disperser and so on. For the commercial bank in the participation capital market process the healthy development, this article proposed in view of the question some row solution countermeasure like establishment and the consummation commercial bank participates in the capital market the legal laws and regulations; Simultaneously strengthens the risk control, further impels the bond market investor to optimize the step, further increases the non-financial organ participant quantity, expands the non-bank department investors to have the proportion, reduces the commercial bank to have the bond proportion excessively high aspect practically, urges the bank system risk to obtain effective also the true disperser and so on. Thus, the commercial bank only then can display own in the capital market operation positive role, and promotes the commercial bank and the capital market together healthy development.

Key words Commercial bank；Capital markets；Problem；Countermeasures

目录

一、导论 (4)

二、商业银行是资本市场重要的参与者 (4)

（一）商业银行是资本市场重要的投资主体 (4)

（二）商业银行是资本市场重要的筹资主体 (5)

（三）商业银行是资本市场重要的中介机构 (6)

三、商业银行参与资本市场运作中存在的主要问题 (7)

（一）商业银行不断增资扩股，给股市带来了压力 (7)

（二）我国商业银行实行的分业经营体制，制约着商业银行在资本市场中的业务创新 (7)

（三）我国商业银行是债券市场最主要的持有者，影响了银行体系风险的有效分散 (7)

（四）随着深度参与资本市场运作，商业银行面临的风险在加大 (8)

四、商业银行参与资本市场运作中问题的解决对策 (9)

五、商业银行参与资本市场运作的重要意义 (10)

（一）从商业银行自身来说，深度参与资本市场运作，是实现更大发展的客观要求 (10)

（二）从资本市场来说，商业银行的深度参与，改变了市场参与者的结构10 六、结论 (11)