中国的政策性金融和邮政储蓄的关系研究

本文的主要目的是分析政策性金融的资金和邮政储蓄的关系。通过分析 ,提出了以下几点看法 :( 1 )自 1 994年以后 ,中央银行仍然维持邮政储蓄资金转存关系的主要原因是为了确保向政策性银行提供资金。 ( 2 )在我国目前的政策性金融制度下 ,邮政储蓄是政策性金融的重要资金来源之一 ,而中央银行实际上起到了部分的“中间机构”的作用。所谓邮政储蓄抽走农村资金这一说法并不准确。 ( 3 )通过对政策性金融的利率结构的详细分析 ,提出了中央银行对财政实施间接补贴的两种解释。最后 ,作者指出了制度上存在的一些问题 ,并提出了相应的改革建议。

A Study on the Relation Between Policy-Based Finance and Postal Savings in China

The purpose of this paper is to explain the relation between policy-based loans and postal savings. The main findings are as follows: Firstly, the main reason why the central bank has acquired postal savings as its deposit is to ensure the source of funds for policy bank since 1994. Secondly, this paper presents some data about policy-based loans and discusses the flow of funds within the policy-based finance system. Policy-based loans have depended heavily on central bank credits and the main sources of funds are mobilized through postal savings. Thirdly, we also analyze the structure of interest rate of policy-based finance, which can shows policy loans and postal savings receives enormous interest rate subsidies from central bank. Therefore, we point out some problems of policy-based finance and postal savings, and put forward some corresponding policy proposal of system reform.