Research On The Risk Management Of China's Bill Market Based On The Application Of Block Chain Technology

Since the implementation of the policy of reform and opening up in China,a series of remarkable achievements have been made in the Chinese Bill Market: the issuance of bank bills has increased year by year.For the banking industry,the bill business has gradually become the main source of profit.The main characteristics of bill business are: large volume of business transactions and various types of business.Although the position and role of the bill market are increasingly apparent,a series of problems have also emerged in the process of controlling the bill market.Even if the bank's own business management model is gradually improved and mature,the CBRC and other departments have also introduced a variety of policies and regulations,strictly constrain the act of negotiable instruments,increase the control of the risk,but the adverse events of the bill gradually increase.In the big environment of the Internet,how to use block chain technology to effectively supervise the bill market has become a key issue in the country at the present stage.At the same time,it has a positive impact on the development of China's banking industry.The first part of the introduction,focusing on the analysis of the objectives of this article,the value of research,on this basis,extensively integrated the literature of the western countries,and stated the common methods of analysis and the overall conception of the article;the second part focuses on the systematic exposition of the theory of negotiable instruments.The concept is: Digital bill and so on.After that,the root and characteristics of these theories are carefully analyzed;the third part is mainly the comprehensive development trend of the bill market in China and a series of malpractices exposed,and the existing risks are deeply explored.The fourth part puts forward that the implementation of the block chain technique in the bill market is effective to control the risk.The paper describes the characteristics and principle of this technology,and describes the impact of the market on the bill.The fifth part is the suggestion and implementation plan for the application of the block chain technology in the bill market.At the same time,the paper also constructs a bill trading system which conforms to the national conditions of our country with the technology as the core.After that,it also summarizes the problem of risk management and control in bill market and puts forward diversified strategies to deal with it.In this paper,from the perspective of bill behavior,digital bills and traditional bills all conform to the requirements and characteristics of the law of negotiable instruments.Therefore,the development direction of the future bill market is reflected in the digital bill level,that is to say,the traditional paper bills will be replaced in the past.However,this does not mean that we can follow the backward and conservative theory of negotiable instruments law.There are still many other areas for further improvement between the two.At this stage,"digital bill" is a new concept,and it has just come out.No matter what angle it is,it is still in the stage of maturity and stability.At the same time,the bill law currently has a certain binding force on the advantages and functions of digital bills.Therefore,this paper focuses on the analysis of the positive impact of block chain technology on the bill market in China.Finally,combining with a series of drawbacks and defects exposed by risk management,the paper puts forward a scientific management scheme,hoping to fully guarantee the development of the bill market in the direction of health and stability in China.