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论文编号：	3406
作者编号：	2220090747
上传时间：	2011/6/10 13:17:44
中文题目：	我国商业银行抑制热钱作用的研究
英文题目：	RESEARCH ON COMMERCIAL BANK''S FUNCTIONALITY ON HOT MONEY INFLOW
指导老师：	齐岳
中文关键字：	热钱流入,抑制作用,商业银行
英文关键字：	Hot Money inflow,Inhibitory Action,Commercial Bank
中文摘要：	热钱向以中国为首的新兴市场经济体的不断流入，在今天越来越受到国内外金融从业者的关注，同时各国政府对其的监控力度也在不断地加大。本文从热钱的基本知识到其对我国楼市，股市以及商品市场的影响，基于本人所在的商业银行领域，结合国家外汇管理局、中国人民银行、银监局等相关监管机构简单阐述商业银行在抑制热钱工作中的作用。 虽然热钱的流入在某些程度上可以活跃股市，但会影响中国宏观经济，助长投机活动，长远趋势会威胁金融市场的安全。因此，为了防范热钱对我国的不利影响，我们应该加强外汇管理，审慎对待资本开放，实现国际收支的总体平衡，从而限制热钱流入中国市场；同时加强股市监管，积极引导投资者，从而加强中国股市的自身发展。 商业银行在抑制热钱工作中的作用是本文研究的重点，笔者通过具体实例来阐述我行现行了解客户（KYC）和反洗钱（AML）政策，通过识别可疑交易来减少或杜绝热钱经由我行流入的机会。 目前我国的现状是，市场的流动性被放大，进而造成流动性过剩，通货膨胀的压力有逐渐增大的趋势，外汇占款规模日益加大都是因为过多的热钱进入中国。一部分人民币升值压力的原因也可以归功于热钱，而投机资金进入股市、楼市后，更加容易制造泡沫，进而会影响到货币政策的正常操作。反之，如果热钱大规模回流，还将扰乱我国金融体系的正常运行。所以，作为商业银行，我们有义务协助国家外汇管理局做好日常工作。 本文还从国家外汇管理局国际收支分析小组2011年2月首次发布的《2010年中国跨境资金流动检测报告》入手分析外管局加强货物贸易和服务贸易外汇收支的动态监管和事后核查，严格外汇资金收结汇管理，继续加强银行短期外债指标管理，研究改进外商投资企业外债等管理方式。 最后笔者提出几点建议，例如建议央行继续提高金融机构法定存款准备金率，建议国家外汇管理局继续重点组织一系列专项检查，例如加大跨境资金流动的外汇检查力度，以外汇资金流入和结汇后人民币资金流向等问题，继续加大力度严打地下钱庄、非法买卖外汇等违法犯罪行为。
英文摘要：	Hot Money is a world-wide problem, the article is illustrates it’s from basic information to the impact on real estate, stock market and commodity market. As I am working for commercial bank, so I would like to take this opportunity to simply clarify the actions taken by the supervision authority, such as PBOC, SAFE, CBRC's control and inhibition on Hot Money. Even though stock market can be activated by the Hot Money in some way, it can also impact on Chinese Macro-Economy, push speculative activities, and threaten the safety of financial market in the long way. So in this case, in order to prevent the negative impact of Hot Money which influenced on China, we must reinforce administration on foreign exchange, prudent on opening to the capital market, make BOP comes true, so that restrict Hot Money flows into Chinese market, strengthen the supervision on stock market simultaneously, lead investor in the positive way, develop stock market in the powerful direction. How to restrain the inflow of Hot Money from commercial bank perspective is the main point for this article, which including our internal KYC & AML policy. Preventing Hot Money inflow by eliminating and stop the suspicious transactions. Chinese market definitely increased if Hot Money flowed redundantly, it can cause surplus of liquidity. On the contrary, if currency over surplus, China might be facing more inflationary pressures. Besides, Hot Money also increases the pressure of RMB appreciation. However, when Hot Money flows into stock and real estate market, the same can easily fabricate the bubble. Hot Money not only push asset price in irrational way, but can increase the scale of funds outstanding for foreign exchange. Moreover, if Hot Money back-flow, it can also prevent our financial system from normal operation. The article, which also study on China cross-border report, which released by SAFE on Feb 2011. The report analysis the SWAP on foreign exchange, reinforce the good and service trade afterwards, further strengthen short-term foreign debt, research and made improvement on some other management method. At the end, the writer come up with several suggestions on supervision authority, such as increasing PBOC deposit reserve, suggest SAFE pay more attention on cross-border fund movement and other specific inspections. Organizing a series of specific inspections which focus on foreign capital inflow and RMB fund flow after settlement, crack down upon illegal private bank, foreign currency illegal transaction and other transgression.
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