特殊目的载体已成为跨界资产管理和同业业务创新的必备载体,其在加大金融混业经营广度和深度的同时,又引发了跨市场、甚至系统性金融风险的隐患。本文通过实地调研,系统梳理了特殊目的载体发展现状和运作模式,深入分析了其在发展过程中存在的问题和风险,提出了其规范发展的政策建议。 The special purpose vehicle has become an indispensable carrier of cross-border asset management and business innovation in the same trade. While it increases the breadth and depth of the financial hybrid operation, it also triggers the hidden risks of cross-market and even systemic financial risks. Based on the field research, the paper combs the development status and operation mode of special purpose vehicle systematically, deeply analyzes its problems and risks in the process of development, and puts forward some policy suggestions for its development.