目前,我国正处在“去杠杆、防风险、压泡沫”的进程中,如何实现温和有序地引导金融市场和实体经济杠杆去化是监管层需要考虑的核心问题。今年年初,中国人民银行在《2016年第四季度中国货币政策执行报告》中首次提出“双支柱政策框架”这一新概念。随后不久,中国人民银行副行长陈雨露在2017年中国金融学会学术年 At present, our country is in the process of “deleveraging, risk prevention and pressure bubble”. How to guide the financial market in a moderate and orderly way and to remove the leverage of the real economy are the core issues that regulators need to consider. Earlier this year, the People’s Bank of China first proposed the new concept of “dual-pillar policy framework” in the “Report on the Implementation of China’s Monetary Policy in the Fourth Quarter of 2016.” Shortly thereafter, Chen Yulu, vice president of the People’s Bank of China, was in the academic year of the 2017 China Institute of Finance