{"error":false,"id":["149987"],"data":{"IVOD_ID":149987,"IVOD_URL":"https://ivod.ly.gov.tw/Play/Clip/1M/149987","日期":"2024-03-18","會議資料":{"會議代碼":"委員會-11-1-20-4","會議代碼:str":"第11屆第1會期財政委員會第4次全體委員會議","屆":11,"會期":1,"會次":4,"臨時會會次":null,"種類":"委員會","委員會代碼":[20],"委員會代碼:str":["財政委員會"],"標題":"第11屆第1會期財政委員會第4次全體委員會議"},"影片種類":"Clip","開始時間":"2024-03-18T11:10:05+08:00","結束時間":"2024-03-18T11:21:20+08:00","影片長度":"00:11:15","支援功能":["ai-transcript","gazette"],"video_url":"https://ivod-lyvod.cdn.hinet.net/vod_1/_definst_/mp4:1MClips/14550b3f67fe733ae17b14a6459295411b0cd19bcd66f1b3f8ba9b0039caa7a68c2a9604825a3ee05ea18f28b6918d91.mp4/playlist.m3u8","委員名稱":"顏寬恒","委員發言時間":"11:10:05 - 11:21:20","會議時間":"2024-03-18T09:00:00+08:00","會議名稱":"立法院第11屆第1會期財政委員會第4次全體委員會議（事由：邀請金融監督管理委員會黃主任委員天牧率臺灣證券交易所股份有限公司林董事長修銘及財團法人中華民國證券櫃檯買賣中心陳董事長永誠、中央銀行分別就「從ETF熱賣看政府如何健全投資管道引導民間游資，避免熱錢過度投入房市」進行專題報告，並備質詢。\n【3月18日及20日二天一次會】）","gazette":{"lineno":683,"blocks":[["顏委員寬恒：（11時10分）主席、各位列席委員。主席，我想請金管會黃主委。"],["主席：有請黃主委。"],["黃主任委員天牧：委員好。"],["顏委員寬恒：主委好。ETF熱賣，許多投資人不只解定存、拿房子貸款，一窩蜂地都搶著要買，有很多人買不到，菜市場在那裡買菜、買肉的那些大哥大姐也相爭去買，他連程序都可能不清楚。在這種市場的趨勢之下，投資人根本不瞭解基金的特性，這樣子進場，那就是投信公司的廣告跟網紅的宣傳，流動資金大量湧入ETF市場，投資人也是看到這些社群平臺還有網紅的說明去進行買賣。針對投信跟網紅的部分，修正相關規定，強化控管制度的部分，是不是請主委說明一下？"],["黃主任委員天牧：有，謝謝委員您的垂詢。我想這部分的確是最近看到投信在行銷上的一個我們覺得需要立刻去調整的地方，因為這些網紅可能在現場沒有讓投資人理解到，其實他後面是有跟投信做連結的，所以對他的話術就可能覺得他是很公正的，其實他後面是有投信跟他有一些商業上的契約。這部分怎麼規範，我剛才在報告也有講，我們儘快6月底之前要跟公會把這個自律規範訂出來。"],["顏委員寬恒：6月？"],["黃主任委員天牧：最慢6月。"],["顏委員寬恒：最慢6月會把最新的規範提出來。"],["黃主任委員天牧：是。"],["顏委員寬恒：這段時間我們要怎麼樣做一個有效的宣傳廣告，讓民眾可以瞭解到真正的實情狀況，因為這些網紅有一定的影響力。"],["黃主任委員天牧：是。"],["顏委員寬恒：不要說公信力，說是影響力應該比較貼切。造成一窩蜂購買、搶快，到時候因為這樣而不當或者遭受到虧損，後來會衍生出更多的問題，也是金管會、主管機關到後來要面對的。所以我們6月底之前要把這個規範訂出來，但是這段時間，現在才3月，4、5、6……"],["黃主任委員天牧：是，我跟您報告，我們在報告中也有說明……"],["顏委員寬恒：還有3個月的時間。"],["黃主任委員天牧：對，其實我們在去年11月就有請交易所、櫃買中心，我們會請公會用新型態的媒體，包括這些年輕人喜歡用的管道去宣導，讓他瞭解到投資商品該注意到的金融知識。"],["顏委員寬恒：這個商品安不安全、可不可靠，要靠主管機關做更多釐清。"],["黃主任委員天牧：是。"],["顏委員寬恒：我們知道現在熱錢都在房地產，因為ETF這麼趨熱的情況之下，現在ETF總市值有多少？"],["黃主任委員天牧：四兆多。包括債券比較多，債券型比較多，股票大概一兆五左右。"],["顏委員寬恒：四兆多，表示有這麼多的熱錢都跑到ETF這邊，是不是也分擔了一些跑到房地產去的錢？"],["黃主任委員天牧：這個我不是專家，我想大概民眾對於類似這種商品有一定程度的興趣吧！"],["顏委員寬恒：臺灣2月份的消費者CPI指數，年增率3.08，創2022年7月以來新高、最高，是不是民眾因為要抗通膨，所以把錢投到房市，又看到ETF這麼熱，大家搶著買，所以又把錢、又把銀行的定存，還有可能買賣房屋的錢，都把它移到這兩項，一個是房地產，一個是ETF，這樣子對整個經濟面的發展會造成什麼影響，可不可以請主委說一下？"],["黃主任委員天牧：我想商品是中性的，當然臺股的ETF，可能最近這幾年臺股本身比較成長，所以大家看到過去的績效覺得可以繼續投資。當然ETF下面有不同的成分股，這些股票漲漲跌跌，總是有它本身的一些規則，我想還是要特別地、投資人還是要注意任何的ETF來看它成分股本身未來的整個漲跌，過去的績效不必然就保障未來的績效。"],["顏委員寬恒：平均地權條例新法在去年7月全面上路，最重要的就是禁止預售屋和興建成屋的換約轉售，違者可處罰50至300萬。當民眾購買預售屋，禁止轉約後，一旦反悔就只能夠選擇退戶，而退戶要收取高達15%違約金，民眾當然不願意被罰這一筆錢。當他發現自己購買的預售屋價格又上漲，那是不是就會轉介到檯面下的這種黑市交易？是不是這種情況，讓有心人就會在地下操作，這樣的情況發生，金管會要怎麼抑制炒房？"],["黃主任委員天牧：報告委員，其實您說的這部分是屬於不動產交易的實務，金管會在行政院穩健房市的政策下，基本上就是強化金融機構對於不動產授信的品質和風險管理，其他有一部分是中央銀行在選擇性信用管制上的政策。"],["顏委員寬恒：當然房價上漲的原因包含很多，材料變貴、工資增加、土地成本增加，對於房地產上漲的預期心理，不管推出怎樣的打房政策，投資人還是願意購買房子，就是希望抗通膨，讓錢能夠保值，就算打房的策略奏效，也沒辦法讓房價有效回跌，房價趨勢還是往上的。所以整體來講打房是不成功的，是不是？我可不可以請教主委，這個說法對嗎？"],["黃主任委員天牧：金管會只是其中之一，我們不太適合去評估，但是基本上我們對於尤其是銀行的授信來講，對於建物跟不動產的逾放比例都是0.15、0.16左右，大概都很低，表示資產品質其實是可以的，是可以被接受的。"],["顏委員寬恒：好，謝謝主委。請主席請嚴副總裁。"],["主席：請副總裁。"],["嚴副總裁宗大：委員好。"],["顏委員寬恒：主委請回座。副總裁，本席上個禮拜問過主計長，主計長說，如果把電費調漲考量進去，今年4月電費調漲，我國的通膨率依然會高於通膨警戒線，電費調漲勢必也是利率調漲與否的一個焦點，我想國人都非常關心這個議題。Fed在2月的CPI報告中升幅略高於預估，對降息將更加審慎。各國包含Fed、ECB都在考量降息的情況之下，我國是否有可能會因為電費的調漲反向升息，可不可以告訴我們？"],["嚴副總裁宗大：報告委員，我們在每次開理事會之前，都會做整體的物價、房地產市場的評估，因為我們禮拜四就要開會了，所以我今天不方便直接回答您這邊的問題。而且每一個國家的貨幣政策或利率政策，其實是根據它當時的那個資料去決定的，所以我們要等到禮拜四以後才會正式公布，我們……"],["顏委員寬恒：禮拜四才會有答案。我想問的是，升息是不是會因為電價調漲而受到影響，可不可以回答我是不是？"],["嚴副總裁宗大：我們看到原本去年底的預估是1.89%，現在因為預期電價調整，也造成一些預期心理的形成，所以我們可能會上調我們對物價的預測，其實貨幣政策除了考慮物價之外，還要考慮其他很多因素。"],["顏委員寬恒：所以就是會影響。升息是不是一種抑制熱錢投入房市的方法，我不知道，如果採取升息這個手段也一樣會付出經濟成長減緩的代價，不只這樣，所有的貸款族群都會受到影響，升息是不是唯一的方法、是不是一定會升息？"],["嚴副總裁宗大：報告委員，我們在討論貨幣政策的利率調整時，其實考慮的因素是多方的，絕對不是一個因素，謝謝。"],["顏委員寬恒：好，謝謝。"],["主席：謝謝顏寬恒委員的質詢。接著請伍麗華委員質詢。"]],"agenda":{"page_end":214,"meet_id":"委員會-11-1-20-4","speakers":["郭國文","林德福","吳秉叡","李彥秀","賴士葆","賴惠員","羅明才","黃珊珊","顏寬恒","伍麗華Saidhai‧Tahovecahe","王鴻薇","陳玉珍","李坤城","洪孟楷","王世堅","林楚茵","牛煦庭","徐巧芯"],"page_start":147,"meetingDate":["2024-03-18"],"gazette_id":"1131601","agenda_lcidc_ids":["1131601_00004"],"meet_name":"立法院第11屆第1會期財政委員會第4次全體委員會議紀錄","content":"邀請金融監督管理委員會黃主任委員天牧率臺灣證券交易所股份有限公司林董事長修銘及財團法\n人中華民國證券櫃檯買賣中心陳董事長永誠、中央銀行分別就「從 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down或者說遭受到這些虧損"},{"start":177.805,"end":192.634,"text":"然後呢後來會衍生出更多的問題也是金管會主管機關到後來要面對的那所以我們6月底之前要把這個規範出來但是這段時間我們現在才3月是 我跟您報告"},{"start":196.018,"end":209.014,"text":"其實我們在去年11月就有請交易所櫃買中心我們會請工會用新型態的媒體包括這些年輕人喜歡用的管道去宣導讓他瞭解到投資這些商品該注意到的金融的知識"},{"start":210.696,"end":228.747,"text":"這個商品安不安全可不可靠這個要靠主管機關來做更多的釐清那因為現在我們知道說現在熱錢都在房地產那因為現在ETF這麼趨熱的情況之下現在在ETF總市值有多少"},{"start":230.55,"end":255.891,"text":"4兆多包括債券比較多債券型比較多股票大概1兆5左右4兆多那表示說有這麼多的熱錢都跑到ETF這邊過來是不是也分擔了一些跑到房地產區的這些錢這個我不是專家我想大家民眾對於類似這種商品有一定程度的興趣吧"},{"start":257.731,"end":275.048,"text":"臺灣2月份的消費者CPI指數年增率3.08那創2022年7月以來的新高最高那是不是因為民眾因為要抗通膨所以把錢投到房市那又看到ETF這麼熱大家搶著買所以又把錢"},{"start":278.592,"end":278.972,"text":"請主席說一下"},{"start":297.621,"end":323.798,"text":"我想商品是中性的那當然臺股的ETF因為可能最近這幾年臺股的這個本身比較成長所以大家看到過去的績效覺得可以繼續去投資當然ETF下面有不同的成分股那這些股票漲漲跌跌總是有它自己本身的一些規矩規則我想還是要特別"},{"start":324.699,"end":340.753,"text":"投資人還是要注意任何的ETF還要看它成分股本身未來的整個的漲跌那過去的績效不必然去保障未來的績效是那平均地權條例新法在去年的7月全面上路"},{"start":341.994,"end":349.357,"text":"最重要的就是禁止預售屋跟新建成屋的換約轉售那違則可處罰50到300萬當民眾購買預售屋禁止轉約後那一旦返回就只能夠選擇退戶"},{"start":361.294,"end":381.736,"text":"那退戶要收取高達15%的違約金民眾當然不願意被罰這一筆錢當然發現自己購買的預售價格又上漲那是不是就會轉接到這個檯面下的一個黑絲的交易"},{"start":382.697,"end":395.109,"text":"那如果是不是這種情況讓有心人就會在地下操作這樣子的情況發生要如何能夠金融會這邊要怎麼樣去抑制炒房"},{"start":396.914,"end":424.306,"text":"報告委員其實您說的這部分是屬於不動產交易的實務今晚會在行政院的穩健方式的政策下基本上就是強化金融機構對於不動產受信用的品質跟風險管理那另外其他部分有一部分是中央銀行在選擇信信用管制上的一個政策"},{"start":426.727,"end":451.882,"text":"當然房價上漲的原因包含很多材料變貴、工錢、薪資增加、土地成本增加的部分對於房地產上漲的預期心理不管推出怎樣的打房政策投資者還是願意購買房子就希望說抗通膨讓錢能夠保值就算打房的策略作效也沒有辦法讓房價"},{"start":454.064,"end":472.203,"text":"有效的回跌那房價趨勢還是往上的所以整體來講打房是不成功的是不是我可不可以請教主委這個說法我們經常會是其中之一我們不太適合去評估但是基本上我們對於尤其是這個銀行的壽性來講"},{"start":475.154,"end":495.568,"text":"對於這個借物跟不動產的預放比率都是0.1516左右大概都很低表示這產品質其實是可以的是可以可以被接受的好 謝謝主委那請主席請嚴副總裁請副總裁委員好"},{"start":502.606,"end":523.443,"text":"副總裁那主委請回座本席上個禮拜有問過主席長認為如果將主席長說如果把電費調漲考量進去所以今年4月電費調漲我覺得通膨率依然會高於通膨的警戒線"},{"start":524.964,"end":542.726,"text":"那電費調漲是勢必也是利率調漲與否的一個焦點我想國人都非常關心這個議題那FED在2月CPI報告中升幅略高於預估"},{"start":543.772,"end":559.317,"text":"那對降息將更加審慎在各國包含FED ECB都在考量降息的過程當中的情況之下我國是否有可能會因為電費的調漲反向升息可不可以告訴我們"},{"start":561.872,"end":590.061,"text":"那個報告委員因為那個我們在每次開理事會之前我們都會做整體的物價房地產市場的評估那因為我們禮拜四就要開會了所以我今天不方便直接回答您這邊的問題而且每一個國家的貨幣政策或利率政策其實是根據他當時候的那個資料去決定的所以我們要等到禮拜四以後我們才會正式公佈"},{"start":591.462,"end":593.787,"text":"你賣市才會有答案我問的是說這個"},{"start":601.414,"end":622.306,"text":"我們升息是不是會受到因為電價的調漲所以影響到我們升息你可不可以回答我是不是因為我們看到就是說我們原來去年底的預估的時候是1.89那現在因為預期電價調整也造成一些預期心理的形成所以我們可能會善調我們對物價的預測"},{"start":627.228,"end":655.103,"text":"那其實貨幣政策除了考慮物價之外也還有考慮其他的很多因素升息是不是一種抑制熱錢投入房市的一個方法我不知道那是不是可能我們如果用升息這個手段也是一樣會付出經濟成長減緩的一個代價不只這樣啦因為所有的貸款這個族群都會受到影響"},{"start":656.244,"end":670.179,"text":"所以升息是不是唯一的方法那是不是一定要升息報告委員因為我們在討論貨幣政策的利率調整所以我們其實考慮的因素是多方的絕對不是一個因素謝謝好 謝謝好 謝謝顏寬衡委員的諮詢"}]}},"supported_relations":[],"relations":[]}