统计研究 ›› 2018, Vol. 35 ›› Issue (3): 103-111.doi: 10.19343/j.cnki.11-1302/c.2018.03.009

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构建中国影子银行统计指标体系:基于国际比较视角

周莉萍   

  • 出版日期:2018-03-25 发布日期:2018-03-25

Compiling Statistical System of Shadow Banking from a Perspective of International Comparison

Zhou Liping   

  • Online:2018-03-25 Published:2018-03-25

摘要: 当前,针对影子银行体系,主要的国际组织和国家、地区均以监测为主,而统计影子体系是监测的前提。通过国际比较分析,本文构建了中国影子银行体系的统计指标体系。研究发现:一是国际社会关于影子银行体系统计方法至少包含五种:广义非银行金融机构法、广义非银行信用中介法、基于经济功能的狭义非银行信用中介法、基于风险的(狭义)非银行信用中介法和狭义非核心负债法;二是是否统计非MMFs投资基金,是IMF和FSB统计范围的主要差异,前者排除,而后者包含;三是从资产还是负债角度统计本身没有优劣之分,只要明确一个视角,就可以避免统计混乱和重复统计。结合中国实践,借鉴FSB狭义非银行信用中介法,从负债融资视角出发,本文构建了中国的狭义影子银行体系统计口径,涵盖规模指标、结构指标(资产结构指标、负债结构指标等),以及影子银行体系与其他金融部门之间的关联性指标。可以大致观察到影子银行体系总量和规模特征,以及潜在的风险点及其传染路径。

关键词: 影子银行体系 监测 统计指标体系

Abstract: At present, main international organizations, countries and regions are based on monitoring the shadow banking system, and statistics for shadow system is the precondition of monitoring. Through International Comparative Analysis, this paper constructs the index system of China's shadow banking system. After research, I concluded that: firstly, the international society about the shadow banking system contains at least five types of statistical methods: generalized non-bank financial institutions method, generalized non-bank credit intermediary method, based on the economic function of the narrow sense non-bank credit intermediary method, based on risks(narrow sense) of non-bank credit the method and non-core liabilities; secondly, whether non-MMFs investment fund statistics or not, is the main difference between IMF and FSB, the statistical range of the former is excluded and the latter contains; thirdly, there is no difference on statistical for financial assets and liabilities, as long as you have a clear perspective, you can avoid confusion and duplication of statistics. This article mainly compares different statistics standards and monitoring ideas from FSB, IMF, U.S and Euro area. It analyzes the differences of these ideas and its reasons. At last, it gives some ideas for the indicators of China’s shadow banking system.

Key words: Shadow Banking System, Monitoring, Statistical Indicators System