信托产品的流通机制创新探析

1973205300021022283706886198123456[J]200447[5][J]20042[6]Diamand,D.W,&Dybvig,P.H,1983,BanksRuns,DepositInsuranceandLiquidity,JournalofPoliticalEconormy,91(3),401-419.OntheStudyofLiquidityMechanismofTrustProductBastract:Asabrandnewinvestmenttool,theliquidityoftrustproductiscrucialforitsfurtherdevelopment.Lackofliquidityhasbecomeabottleneckfortrustbusinessincreasingly.Thisarticledemonstratesthenecessityofliquidityfortheindustryfirst,andthenexpoundsallkindsofattemptsbeingmadetoincreaseliquidityoftrustproducts,andproandconofmethodslike“OTC”,“MarketMaker”,“Pawn”and“FreetransferbetweenTrustandSecurity”.Finally,suggestionsandcountermeasuresaremadetoframetheLiquiditymechanismoftrustproductsinChina.KeyWords:TheRightofTrustBenefits,LiquidityMechanism,MarketMaker8