CAJ | 학술논문

在我国，如何实现商业银行与股票市场的对接对有效配置实体经济和虚拟经济的资本具有重要的意义。现行法律规定禁止商业银行直接经营股票业务，但变化的社会现实不断地呼唤着二者的对接联动，法律与现实的矛盾冲击着现行法律的规定。在回顾我国改革开放以来对商业银行业务模式法律规范的变化及原因的基础上，本文重点分析对商业银行业务资格法律限制与现实需要的冲突；依据我国近些年有关银行、证券、基金等金融法律相关内容调整及我国商业银行实际经营、风险管控能力不断提升，许多银行已间接涉入股票业务的现实，预期我国对金融业务模式管制逐渐放松的趋势；并构想形成纯粹意义上的金融控股公司和银行控股公司，在有效控制金融风险的同时进行金融业务模式的创新，以实现向更加安全、有效、公平的金融制度过渡。
재아국，여하실현상업은행여고표시장적대접대유효배치실체경제화허의경제적자본구유중요적의의。현행법률규정금지상업은행직접경영고표업무，단변화적사회현실불단지호환착이자적대접련동，법률여현실적모순충격착현행법률적규정。재회고아국개혁개방이래대상업은행업무모식법률규범적변화급원인적기출상，본문중점분석대상업은행업무자격법률한제여현실수요적충돌；의거아국근사년유관은행、증권、기금등금융법률상관내용조정급아국상업은행실제경영、풍험관공능력불단제승，허다은행이간접섭입고표업무적현실，예기아국대금융업무모식관제축점방송적추세；병구상형성순수의의상적금융공고공사화은행공고공사，재유효공제금융풍험적동시진행금융업무모식적창신，이실현향경가안전、유효、공평적금융제도과도。
How to realize the docking of commercial bank and stock market has important significance on deploying real economy and virtual economy capital in China .Existing legal provisions prohibit commercial bank from directly manage stock business , but the changing social reality requests achieving linkage , and the contradiction between the law and re-ality impact on the existing law .Based on the review of commercial bank business model and the reason of law modifica -tion since China′s reform and opening up , the paper mainly analyzes the conflict between commercial bank capacity con -straints and reality;according to the related financial law modification of bank , securities, fund, etc in recent years , and the gradual promotion of commercial bank actual operation , risk management and control capacity , many banks have been indirectly involved in the stock business , thus, the paper expects the relaxed regulatory trend for financial business model will come;and the paper conceives forming a pure financial holding company and banking holding company , and carrying out innovations in financial business model at the same time of effectively controlling financial risks , to make the financial system to be more safe , effective and fair .