我国债券市场的结构失衡及其纠正

On the Out-of-balance of Structure of China Bond Market and Corrected

我国债券市场存在着严重的债券融资与股权融资的比例失衡、品种结构失衡、企业债券发行的主体结构及价格结构失衡等问题。针对这些结构失衡的后果及其产生原因进行了分析,认为资本市场与债券市场定位偏差、信用制度不健全及多头监管格局是导致上述失衡现象的主要原因,并提出了调整资本市场功能定位、改革发行制度、优化信用环境、加强监管协调的政策建议。

The bond market of china has serious out - of - balance problem of structure, showing as the capital market and stock financing structure , bond variety structure , bond issue structure, trade market structure, issue price structure. This paper has analysis these out - of - balance consequences and reason of producing , and proposed being from adjusting the functional demand of capital market, reform issuing system , improve credit environment , strengthen supervision coordination and multi -level marketing system person who set up respect correct.