南方金融
南方金融
남방금융
South China Finance
2013年
8期
53~55
,共null页
套利贸易 跨境资金流动 兜圈贸易 “一日游”贸易
套利貿易 跨境資金流動 兜圈貿易 “一日遊”貿易
투리무역 과경자금류동 두권무역 “일일유”무역
Arbitrage Trading; Cross-border Capital Flow; Drove Trade; ＂One-day Tour＂ Trade
本文针对内地与香港贸易异常增长的现象，深入剖析阿地与香港套利贸易的状况、成因及影响，认为当前内地与香港套利贸易是外贸企业经营压力加大、内地与香港之间利率和汇率差异较大、有关监管体系不完善等原因综合作用的结果，对内地经济金融体系的稳定以及宏观调控的有效性带来不利影响。为。了遏制内地与香港之间套利虚假贸易，要拓展外贸企业的盈利空间、逐步降低内地与香港的利率和汇率差异、建立和完善针对套利贸易的监管体系、加强对商业银行贸易金融业务的监管。
本文針對內地與香港貿易異常增長的現象，深入剖析阿地與香港套利貿易的狀況、成因及影響，認為噹前內地與香港套利貿易是外貿企業經營壓力加大、內地與香港之間利率和彙率差異較大、有關鑑管體繫不完善等原因綜閤作用的結果，對內地經濟金融體繫的穩定以及宏觀調控的有效性帶來不利影響。為。瞭遏製內地與香港之間套利虛假貿易，要拓展外貿企業的盈利空間、逐步降低內地與香港的利率和彙率差異、建立和完善針對套利貿易的鑑管體繫、加彊對商業銀行貿易金融業務的鑑管。
본문침대내지여향항무역이상증장적현상，심입부석아지여향항투리무역적상황、성인급영향，인위당전내지여향항투리무역시외무기업경영압력가대、내지여향항지간리솔화회솔차이교대、유관감관체계불완선등원인종합작용적결과，대내지경제금융체계적은정이급굉관조공적유효성대래불리영향。위。료알제내지여향항지간투리허가무역，요탁전외무기업적영리공간、축보강저내지여향항적리솔화회솔차이、건립화완선침대투리무역적감관체계、가강대상업은행무역금융업무적감관。
Based on the phenomenon of abnormal growth of trade between mainland China and Hong Kong, this paper takes an in-depth analysis about the situation, factors and effects of arbitrage trading between the two places. It finds out that the arbitrage trading derives fi＇om the operation pressure of the trade enterprises, interest rate and exchange rate difference between the two regions and the regulatory mechanisms, which adversely have affected the cross-border capital flows, interest rate fluctuations and macroeconomic policy adjustments. To the end, this paper proposes that the government should guide companies to improve the profit, decrease the differences of the interest rate and exchange rate between the two region, continue to enhance the regulation system about arbitrage trading , and takes efforts to supervise the foreign trade enterprises and commerc, ial banks.
