我国债市现状及对策分析

The status quo of Chinese bond market and corresponding countermeasure

市场流动性不足和债券收益率曲线缺乏代表性是当今中国债券市场的主要缺陷。中国债市要取得大的发展,就必须针对上述缺陷,采取相应的措施。设立债券基金、发展银行柜台交易、实行国债余额管理、建立做市商制度、发展公司债券和债券衍生金融工具等途径应是我国债市今后的努力方向。

Deficiency of market fluidity and shortage of representative bond yield are main defectiveness of Chinese bond market. For this, We must take steps to improve our bond market, such as establishing bond-fund, developing counter-transaction, performing national debt remnant-management, developing company bond and derivative financial tool and so on.