The systemic risk taken on by the banking system is one of the main concerns of the market regarding structural monetary policy. This article examines the impact of structural monetary policy on the systemic risk taken on by the banking system using monthly data from 16 listed commercial banks in China from 2015 to 2020. The study finds that the structural monetary policy primarily based on the MLF（ Medium-term Lending Facility） has not led to excessive systemic risk taken on by the banks in China, but instead has significantly suppressed systemic risk, indicating that the current prudent structural monetary policy in China is appropriate. However, the SLF（Standing Lending Facility） and PSL（Policy-based Support Loan） do not have this effect. Considering the endogeneity issue, the article uses the LPR（Loan Prime Rate） reform as a quasi-natural experiment to verify the robustness of the conclusion, and it remains significant even after controlling for other policy and shock influences. Finally, the study analyzes the channels through which structural monetary policy works from the perspectives of market operating environment, regulatory pressure, and risk management.This is the first time that the impact of structural monetary policy on systemic risk in the banking system has been analyzed,which helps to address market concerns and questions about structural monetary policy and provides reference for further improvement of structural monetary policy.

在《区域全面经济伙伴关系协定》中,我国对金融领域做出了高水平的承诺,这对我国金融服务贸易既是机遇又是挑战.高质量推动金融服务贸易发展不仅有助于打通国际国内双循环,也有利于实现我国金融机构服务质量的全面提升.本文采用TC、RCA、MS指数对RCEP主要成员国的金融服务贸易竞争力进行测算,进而基于钻石模型采用主成分分析法考察影响我国金融服务贸易出口的因素.研究发现:发展中国家的金融服务贸易竞争力与发达国家相比处于劣势,缺乏竞争力;我国的金融服务贸易竞争力在RCEP发展中国家处于整体领先地位;多数RCEP成员国的金融服务贸易竞争力在近十年里均出现了不同程度的提升,我国的增长速度最为明显;固定宽带订阅、高等教育入学率、城市化率、城镇居民可支配收入增长率、上市公司数、货物贸易出口额、服务贸易出口额、商业银行分布、非居民专利申请数、外商直接投资等因素均对金融服务贸易出口有正向推动,但法定存款准备金率、汇率与金融服务贸易出口呈负相关关系.对此,围绕提升我国金融服务贸易竞争力提出建议.