摘要
文章从"将交易中心建设成为人民币相关产品的交易主平台和定价中心"这一命题出发,对金融资产的定价从无风险定价和风险补偿定价两个方面进行阐述。提出要大力发展利率衍生品和信用衍生品来进一步完善市场的风险管理手段;建议在现金流来源稳定可测的前提下,成立商业化运作的项目公司,优先发展项目融资债券,推动我国资产证券化和债券市场的发展。
From the proposition that efforts should be made to make the CFETS the major trading platform and pricing center for RMB-related products, this paper elaborates on the pricing of financial assets from the two angles: non-risk pricing and risk compensation pricing. The paper suggests that interest rate derivatives and credit derivatives should be actively developed to further improve means of managing market risks, and that given a measurable cash flow source, and commercially operated project companies should be set up and bonds for project financing should enjoy favorable growth so as to promote the development of asset securitization and the bond market in China.
出处
《中国货币市场》
2004年第5期34-35,共2页
China Money
