近代上海的地方公债

Shanghai Local Bonds in Modern Times

同近代中国绝大多数中央及地方政府发行的公债相比,上海的地方公债无论从债券用途、发行方式,还是上市交易等诸方面均存在较大差异,更符合近代公债的规范运作,体现了严格意义上的近代公债性质。同时,它也为当今地方公债的发行提供了不少值得借鉴的历史启示。

There are great differences between Shanghai local bonds and the overwhelming bonds issued by the central government and other local governments in modern China in uses,issue ways,listing and transaction.Shanghai local bonds conformed to the norms of the operation of the bonds in modern world,and embodied the essence of the modern bonds in a strict sense.More studies of Shanghai local bonds will present much historical enlightenment to the issue of the bonds of China local governments today.