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作为国家或地区未来最具创新性的融资工具——GDP分享证券,简称兆份,在国内外各地区均具备巨大发展空间。本文从发行人和投资者的视角,分析了兆份的产品结构、定价机制及设计要点等要素,特别探讨了兆份定价的理论模型,以及运用多目标规划理论推导了兆份发行的必要性与可行性。在此基础上归纳总结了兆份的金融学意义,其研究思路及结论对深化中国金融改革具有重要意义。
As the country’s most innovative financing tool for the future - GDP share securities, referred to as trillion copies, in all regions at home and abroad have great room for development. This article analyzes the factors such as trillion product structure, pricing mechanism and design essentials from the perspectives of issuers and investors. In particular, it explores the theoretical model of trillion dollar pricing and deduces the necessity of trillion issuance using multi-objective programming theory With feasibility. Based on this, it summarizes the significance of trillion financial theory, and its research ideas and conclusions are of great significance for deepening China’s financial reform.