The decision making model of bond exchanging market and bond repo market 國債二級(jí)市場和國債回購市場的投資決策模型研究
It was also announced that the hkma and major market participants were working closely on how to kick-start the development of a hk dollar repo market 政府又宣布,金管局正與主要的市場參與者緊密合作,研究如何推動(dòng)港元回購協(xié)議市場的發(fā)展。
It was also announced that the hkma and major market participants were working closely on how to kick-start the development of a hk dollar repo market 政府又宣布,金管局正與主要的市場參與者緊密合作,研究如何推動(dòng)港元回購協(xié)議市場的發(fā)展。
Moreover, the hkma kick-started the development of the hong kong dollar repo market to relieve banks concerns over counterparty credit risks and facilitate interbank lending, especially at the longer end 此外,金管局也開始發(fā)展港元回購市場,以減少銀行對交易對手信貸風(fēng)險(xiǎn)的憂慮,并促進(jìn)銀行同業(yè)貸款活動(dòng)(尤其是較長期貸款)。
The essay raises that the focal point of chinese financial system reform should be to develop and perfect money market . on the base of analyzing both general functions of the market and special functions that the development of the market has influenced on chinese economy and finance, it objectively analyzes the current situation and outstanding problems of the market and advances major solutions to perfect the market, which is, with the premise of constructing credit bases of the market development and with the central task of raising the market efficiency, to perfect short-term bonds market ( including the repo market ) and commercial paper market, and to deepen policy functions of the market, for the sake of a stable and orderly market with substantial scale, united market organization, efficient clearing < wp = 5 > system, reasonable interest rate system, perfect medium organization and effective market supervision 本文認(rèn)為,目前中國金融體制改革的重點(diǎn)應(yīng)是發(fā)展和完善貨幣市場。本文在認(rèn)真分析貨幣市場的一般功效以及貨幣市場的發(fā)展對中國經(jīng)濟(jì)金融發(fā)展和改革的功效的基礎(chǔ)上,客觀分析了中國貨幣市場的發(fā)展現(xiàn)狀以及存在的突出問題,并提出完善中國貨幣市場的基本思路,那就是:以建設(shè)中國貨幣市場發(fā)展的信用基礎(chǔ)為前提,以提高中國貨幣市場的效率為主旨,完善同業(yè)拆借市場、債券市場和票據(jù)市場,深化貨幣市場的政策功能,其目標(biāo)是把中國貨幣市場建成一個(gè)具備相當(dāng)?shù)囊?guī)模、統(tǒng)一的市場組織、高效的清算系統(tǒng)、合理的利率體系、完善的中介組織以及有效的市場監(jiān)管的穩(wěn)定有序的貨幣市場。