【摘要】 作为一项新兴的金融监管模式，监管沙箱意在平衡金融创新与金融安全。我国在2019年也引入这一监管模式，其中一项有关票据贴现的试点产品尤为引人关注，因为与其说这是对该项金融产品的试点，不如说是对监管沙箱本身的试点。但监管层理应有这样的雄心，即通过这种新兴的监管模式来取得更为系统性的法治成果，同时这也是“监管沙箱”的本意所在。更多还原

【Abstract】 As a new financial supervision model, regulatory sandbox aims to balance financial innovation and financial security. China also introduced this regulatory model was introduced into China in 2019. One of the pilot products, which is about bill discounting, is particularly noteworthy, because it is not so much a pilot of this financial product as a pilot of the regulatory sandbox itself. Regulators should have the ambition to achieve more systematic outcome of the rule of law through the emerging regulatory model, which is what the regulatory sandbox is supposed to do.更多还原