shichangqingxuhuinuandailailejiaoyiliangdeshangzhang，changwaipeizisuizhi“furan”。
jianguanzaijinridebiaotaizhong，pinfantijiduizibenshichangjiaoyihuanjiedejishucengmianjianguan，qizhongjiubaokuoduichangwaipeizideshibieyujianguan，zheiyezaiyidingchengdushangtizhenlejinrongitdebankuaihuoyue。
yibaneryan，jinrongitqudongyinsuyousan：
jianguanheshichangguizegaibiandailaidegengxinhuandaixuqiu
jishubiangengdailaichanpingengxinxuqiu
jinrongshichanggaodujingqidailaikehuduixinxihuachanpindedaliangtouru
国泰君安计算机团队梳理了近期五大监管新规，阐述了这背后属于金融科技的确定性机会。
1. 资管新规
2017nian11yue，yixingsanhuijiwaihuijulianhefabu《guanyuguifanjinrongjigouzichanguanliyewudezhidaoyijian（zhengqiuyijiangao）》（jianchengziguanxingui），duijianguankuangjiahebiaozhunjinxingletongyi。
2018nian3yue28ri，zhongyanghuiyitongguozhengqiuyijiangao。
2018nian4yue27ri，《guanyuguifanjinrongjigouzichanguanliyewudezhidaoyijian》zhengshifabushishi。
2018nian7yue20rifabuziguanxinguixize。
资管新规涉及到银行中间业务系统hetuoguanxitongdeshengjiyugaizao。qizhongyizonghelicaixitongzhongdetamokuai，heziguanxitonglimiandeguzhimokuaigaizaozuiweijiqie。
genjuyinxingyelicaidengjituoguanzhongxinzuixingongbude《zhongguoyinxingyelicaishichangbaogao (2017nian)》，jiezhi2017niandi，quanguogongyou562jiayinxingyejinrongjigouyoucunxudelicaichanpin。
womenjiasheyueyou30jiayinxinghuixinjianyitihuadezichanguanlixitong，qiyuyinxingyigaizaoxuqiuweizhu；zonghelicaixitongpingjunjianshedanjiawei300wanyuan，ziguanxitongpingjunjianshedanjiawei400wanyuan，pingjunmeimokuaigaizaodanjiawei50wanyuan，keyidechu：ziguanxinguiyouwangdailaijin30yideitxitongshichangguimo。
2. 沪伦通
2018nian8yue31ri，zhongguozhengjianhuijiu《shanghaizhengquanjiaoyisuohelundunzhengquanjiaoyisuoshichanghulianhutongcuntuopingzhengyewujianguanguiding》gongkaizhengqiuyijian，huluntongyujijiangyu2019nianshangbannianzhengshiyunxing。
huluntongshejidaozengjiazhengquanhexinyewuxitongheziguanjiaoyiguanlixitongdexiangyingmokuai。
jiezhidao2018niandi，quanguogongyou131jiaquanshang，120jiagongmujijin，jiashezhengquangongsixitongjianshedanjiawei300wanyuan，jijingongsixitongjianshedanjiawei200wanyuan。keyidechuhuluntongyouwangdailai6yideitxitongguimo。
womenjiashe19nianhuluntongzaizhengquanhexinyewuxitongdeshentoulvwei30%，zaiziguantouziguanlixitongdeshentoulvwei70%，2019nianyouwangdailaijin3yideshichangguimo。
3. 科创板
2019nian1yue30ri，zhengjianhuijiu《kechuangbanshoucigongkaifaxinggupiaozhuceguanlibanfa（shixing）》he《guanyuzaishanghaizhengquanjiaoyisuoshelikechuangbanbingshidianzhucezhideshishiyijian》xiangshehuigongkaizhengqiuyijian。
2019nian3yue1riwanjian，zhengjianhuizhengshifabu《zhuceguanlibanfa》he《kechuangbanshangshigongsichixujianguanbanfa（shixing）》，jieheshangjiaosuozhidingfabude6xiangpeitaoyewuguize，biaozhizhekechuangbanzhengshiluodi。
kechuangbandesheli，yiweizhequanshanghexinjiaoyixitongheziguantouzijiaoyiguanlixitongxuyaojinxingxiangyingdegengxingaizao，shejidaojiaoyi、jiesuan、guzhi、fengkongdengzhongduomokuai。
womenjiashezhengquanhexinjiaoyixitongzhongkechuangbanmokuaidedanjiawei500wanyuan，zichanguanlitouziguanlixitongzhongkechuangbanmokuaidedanjiawei300wanyuan，jiandangusuankeyidedao，kechuangbanjiangdailaichao10yideitxitongshichangguimo。
4. 券商清结算
ji2017nian11yuezhongzhengdengfabu《gongmujijincaiyongzhengquangongsijiesuanmoshishidianzongtifangan》hou，tuigongtuoguanzigehejiesuanzigefenli。
2019nian2yue，jianguanfabu《guanyuxinshegongmujijinguanlirenzhengquanjiaoyimoshizhuanhuanyouguanshixiangdetongzhi》，mingquexingongmujijincaiyongquanshangjiesuanmoshiyoushidianzhuanweichanggui，binggulilaojijinchanpincaiyongquanshangjiesuanmoshi。
quanshangjiesuanmoshicuishengjigoujutaixitongxinjianxuqiu。womenjiashe2019nianjigoujutaixitonggengxingaizaoxuqiuzaiquanshangzhongdeshentoulvdadao30%，jigoujutaixitongdedanjiayuewei150wanyuan，congerkedequanshangjiesuanmoshijiangdailaiyue2yideshichangguimo，2019nianyujidailaiyue6000wandeshichangguimo。
5. 第三方接入
2019nian2yue1ri，zhengjianhuifabu《zhengquangongsijiaoyixinxixitongwaibujieruguanlizanxingguidingzhengqiuyijian》，duikeyikaifangwaibujierudequanshangguidingleyaoqiu，yujimanzutiaojiandequanshanggong58jia。
guoqujinquanshanghegongmujijinyouquanshangzhilianxiwei，qiyutouzizhexuyaotongguoquanshangdepbxitongjinxingjiaoyi，yingxiangjiaoyixiaolvhezhanghutongyiguanli。
sanfangjierukaifangyifangmiandailaiquanshangjizhongjutaixitongxiangyingdexitonggaizao，gengzhongyaodeshitoubusimuzaijiaoyikeyituoliquanshangpbxitonghou，shifangle“jiaoyi、zhanghuguanli、fengkong、guzhidengyitihua”itfuwudexuqiu。
womenjiashequanshangjizhongjutaixitongpingjunmeimokuaigaizaodanjiawei100wanyuan。toubusimushuliangyuewei800jia，pingjunguanliguimoyue15yiyuan，zhengtiguanliguimoyue12000yiyuan，duiying15yiyuanguanliguimoyitihuaitfuwunianfeianzhao15wanyuan/nianjisuan，jiashesimujijinyitihuajiejuefangan2019-2021niandeshentoulvfenbiewei30%、60%、80%，womenyujizai2019nian，youwangdailai3600wanyuannianfeideshichangguimo，dao2021nian，youwangdailaijinyiyuannianfeideshichangguimo。
