廠家提供信息      廣泛存在的(de)(de)期(qi)限(xian)(xian)錯配(pei)問題，政策(ce)制定者(zhe)的(de)(de)打擊態度是堅決的(de)(de)。“將募(mu)集的(de)(de)短期(qi)資(zi)(zi)金投(tou)放(fang)到(dao)長期(qi)的(de)(de)債(zhai)權(quan)或(huo)股權(quan)項目(mu)，加(jia)大了資(zi)(zi)管(guan)(guan)產(chan)(chan)品的(de)(de)流(liu)動(dong)性風險，難以募(mu)集到(dao)后續資(zi)(zi)金，容(rong)易發(fa)生流(liu)動(dong)性緊張。”上述(shu)負責(ze)人指(zhi)出。資(zi)(zi)管(guan)(guan)新規在禁止(zhi)資(zi)(zi)金池(chi)業務、資(zi)(zi)管(guan)(guan)產(chan)(chan)品單(dan)獨(du)管(guan)(guan)理、單(dan)獨(du)核(he)算(suan)的(de)(de)基礎上，要(yao)求金融機(ji)構加(jia)強產(chan)(chan)品久期(qi)管(guan)(guan)理，規定封閉式(shi)資(zi)(zi)管(guan)(guan)產(chan)(chan)品期(qi)限(xian)(xian)不得(de)低于90天，糾正資(zi)(zi)管(guan)(guan)產(chan)(chan)品短期(qi)化(hua)傾(qing)向，減少和(he)(he)消除(chu)資(zi)(zi)金來(lai)源端(duan)和(he)(he)運(yun)用端(duan)的(de)(de)期(qi)限(xian)(xian)錯配(pei)和(he)(he)流(liu)動(dong)性風險。為確保平穩過渡，資(zi)(zi)管(guan)(guan)新規充分考慮存量(liang)資(zi)(zi)管(guan)(guan)產(chan)(chan)品期(qi)限(xian)(xian)、市場規模及其所投(tou)資(zi)(zi)資(zi)(zi)產(chan)(chan)的(de)(de)期(qi)限(xian)(xian)和(he)(he)規模，兼顧增量(liang)資(zi)(zi)管(guan)(guan)產(chan)(chan)品的(de)(de)合理發(fa)行。

廠家      提(ti)出(chu)按(an)照(zhao)“新(xin)老(lao)劃(hua)斷”原則設置過(guo)渡(du)(du)期。過(guo)渡(du)(du)期為(wei)自資(zi)(zi)管(guan)新(xin)規(gui)發布之(zhi)日起至年(nian)底(di)，相比(bi)征求意見稿而(er)言，延長了一年(nian)半的(de)時間，給(gei)予金融(rong)機構更(geng)為(wei)充足的(de)整(zheng)改(gai)和(he)轉(zhuan)型時間。金融(rong)機構發行新(xin)產(chan)品應(ying)(ying)(ying)當(dang)符合(he)資(zi)(zi)管(guan)新(xin)規(gui)的(de)規(gui)定(ding)；為(wei)接(jie)續存量產(chan)品所投資(zi)(zi)的(de)未到(dao)期資(zi)(zi)產(chan)，維持必要(yao)的(de)流動性和(he)市場穩定(ding)，可以(yi)發行老(lao)產(chan)品對接(jie)，但應(ying)(ying)(ying)當(dang)嚴格控制(zhi)在(zai)存量產(chan)品整(zheng)體規(gui)模內(nei)，并有序(xu)壓縮遞(di)減(jian)，防止過(guo)渡(du)(du)期結束(shu)時出(chu)現斷崖(ya)效應(ying)(ying)(ying)。資(zi)(zi)管(guan)新(xin)規(gui)還(huan)要(yao)求，金融(rong)機構應(ying)(ying)(ying)當(dang)制(zhi)定(ding)過(guo)渡(du)(du)期內(nei)的(de)資(zi)(zi)產(chan)管(guan)理(li)業務整(zheng)改(gai)計劃(hua)，明確時間進(jin)度安排，并報送相關金融(rong)監督(du)管(guan)理(li)部門，由其認可并監督(du)實施，同時報備(bei)中國人(ren)民銀行。

廠家       對(dui)(dui)提前(qian)完成整改的機(ji)構，給予適(shi)當監(jian)(jian)(jian)(jian)(jian)管(guan)(guan)(guan)激勵，統(tong)一規(gui)(gui)制盡快執行(xing)，新(xin)規(gui)(gui)明(ming)確了各(ge)部(bu)門分(fen)工，人(ren)民(min)銀(yin)行(xing)負責(ze)對(dui)(dui)資(zi)管(guan)(guan)(guan)業(ye)務(wu)實(shi)施(shi)宏觀(guan)審慎(shen)管(guan)(guan)(guan)理(li)，產(chan)品(pin)(pin)類(lei)(lei)型(xing)而非機(ji)構類(lei)(lei)型(xing)統(tong)一標(biao)(biao)準規(gui)(gui)制，同(tong)類(lei)(lei)產(chan)品(pin)(pin)適(shi)用同(tong)一監(jian)(jian)(jian)(jian)(jian)管(guan)(guan)(guan)標(biao)(biao)準，減(jian)少(shao)監(jian)(jian)(jian)(jian)(jian)管(guan)(guan)(guan)，消除套(tao)(tao)利空間。人(ren)民(min)銀(yin)行(xing)牽頭建立資(zi)管(guan)(guan)(guan)產(chan)品(pin)(pin)統(tong)一報(bao)告制度和信息系(xi)統(tong)，對(dui)(dui)產(chan)品(pin)(pin)的發售、兌付(fu)等(deng)各(ge)個環(huan)節(jie)進行(xing)實(shi)時、動態監(jian)(jian)(jian)(jian)(jian)測(ce)，為穿透監(jian)(jian)(jian)(jian)(jian)管(guan)(guan)(guan)奠定堅實(shi)基礎(chu)。金融監(jian)(jian)(jian)(jian)(jian)督管(guan)(guan)(guan)理(li)部(bu)門在資(zi)管(guan)(guan)(guan)業(ye)務(wu)的市場準入和日常監(jian)(jian)(jian)(jian)(jian)管(guan)(guan)(guan)中(zhong)，要(yao)強化功能監(jian)(jian)(jian)(jian)(jian)管(guan)(guan)(guan)。金融監(jian)(jian)(jian)(jian)(jian)督管(guan)(guan)(guan)理(li)部(bu)門在資(zi)管(guan)(guan)(guan)新(xin)規(gui)(gui)框架(jia)內(nei)，研究制定配(pei)套(tao)(tao)細(xi)則，配(pei)套(tao)(tao)細(xi)則之(zhi)間要(yao)相互銜接，避免產(chan)生(sheng)新(xin)的監(jian)(jian)(jian)(jian)(jian)管(guan)(guan)(guan)套(tao)(tao)利和不公平競爭。