中国支付清算发展报告（2018） <p style="text-align: justify; text-indent: 2em; line-height: 2em;"><strong><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">摘要</span></strong></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">《中国支付清算发展报告（2018)》是国家金融与发展实验室支付清算研究中心（中国社会科学院金融研究所支付清算研究中心）推出的系列年度报告的第六本。报告旨在系统分析国内外支付清算行业与市场的发展状况，充分把握国内外支付清算领域的制度、规则和政策演进，深入发掘支付清算相关变量与宏观经济、金融及政策变量之间的内在关联，动态跟踪国内外支付清算研究的理论前沿。报告致力于为支付清算行业监管部门、自律组织及其他经济主管部门提供重要的决策参考，为支付清算组织和金融机构的相关决策提供基础材料，为支付清算领域的研究者提供文献素材。自2013年出版第一本报告之后，连续五本都引起了政策层、实务界和理论界的高度重视与社会的广泛关注。</span></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">支付清算市场发展的核心问题，就是如何处理好效率与安全的“跷跷板”。一方面，在不断加强金融监管、防范系统性风险的大背景下，支付清算强监管将是未来几年的政策基调，支付市场规范发展也是一项长期性的任务。另一方面，伴随着新技术的快速发展，支付清算体系也迎来了日新月异的变化，尤其是在零售支付工具领域，各种创新令人眼花缭乱，不断改变着老百姓的日常生活。作为交易环节的“最后一公里”，“支付+”的探索越发受到关注。</span></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">本报告由总报告和专题报告两部分构成。总报告全面分析了我国支付清算体系的发展历程、现状特点、存在问题及发展趋势，并且运用量化分析工具考察了支付清算体系运行与宏观经济变量、区域经济与金融发展、金融稳定与金融风险、货币政策的内在关联等；专题报告跟踪分析了国内外支付清算体系的发展状况、热点与难点，系统梳理了金融科技与支付创新的相关研究文献。我们期待本报告能够成为一个重要平台，用来促进我们与各界同人加强交流与合作，共同为中国支付清算体系的创新与发展做出贡献。</span></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">&nbsp;</span></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><strong><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">Abstract</span></strong></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">China Payment and Settlement System Development Report (2018), as the annual report of Research Center of Payment &amp; Settlement, aims to summarize and reflect the various aspects of China&#39;s payment and settlement system and their implication for real economy. It tries to cover the reform and evolution of institutions, rules, and policies on payment and settlement system over the world and track the theoretical frontiers in this area. With ample data and detailed analysis, the report tries to provide reliable and useful references for financial institutes, academic researchers, and regulatory authority. Since its first publication in 2013, the five issues of the annual report have attracted general and intense attention of academics, market professionals, and policy makers.</span></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">The key issue in the development of payment market is the balance between efficiency and security. On the one hand, against the background of strengthening financial supervision and preventing systemic risk, the regulation of payment market will be a basic and long-term task. On the other hand, with the rapid development of technology, our payment and settlement systems are evolving at a breathless pace. Especially in the area of retail payment, all kind of innovations are changing people&#39;s routine life. As the last link of payment process, “payment+” is getting more and more attention.</span></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">The report consists of two parts: general reports and special topics. The general report presents a panorama of China&#39;s payment and settlement system, including its evolution path, current status, existed problems, and future trends and explores the relationship between payment system indexes with macroeconomic variables, regional development, financial risk, and monetary policy with quantitative methods. Special topics keep a track of the development in domestic and foreign payment and settlement systems as well as the hot issues in this area and provide a selective survey of the literature in FinTech and payment innovation.</span></p><p style="text-align: justify; text-indent: 2em; line-height: 2em;"><span style="font-family: 微软雅黑, &quot;Microsoft YaHei&quot;;">We expect this report to become a platform for the communication between Research Center of Payment &amp; Settlement and all the peoples and institutes interested in this significant area to contribute to the development of China&#39;s payment and settlement system.</span></p><p><br/></p>

坚决打好防范化解金融风险攻坚战 防范化解金融风险，事关国家安全，发展全局，人民群众财产安全，是一场输不起的战役，要从政治大局出发，抓紧制定战略规划，守住不发生系统性风险的底线，建立起防范化解金融风险的长效机制，坚决打好这场攻坚战。

吸纳与创新:中国交易银行业务的兴起 从全球范围的实践来看，对交易银行并没有一个统一的界定。概括起来，交易银行是一系列服务的统称，它的目标是根据客户所具有的财务管理愿景，为客户交易提供相关金融服务，帮助客户对上下游的资源进行整合，并最终达到提升资金运作收益和相关工作效率的目的。

尽快退出房地产去库存政策 2015年以来，在房地产去库存政策刺激下，房价轮番出现上涨，有效扭转了2014年前后房价持续下跌的趋势。

强化行为监管，完善金融监管体系 2017年召开的第五次全国金融工作会议指出要“加强功能监管，更加重视行为监管”，首次引入了“行为监管”概念，并将其作为监管强化和补短板的重点方向。