对发展我国上市可转换债券的经验分析

An Eempirical Analysis of Developing Convertible Bonds Listed on China's Market

该文回顾了我国可转债的发展历程,划分了可转债发展的三个阶段:探索阶段、试点阶段和发展阶段,通过案例分析总结了可转债在探索阶段和试点阶段的经验和教训;从而为可转债发行条件、发行条款的设计等提出了相应的政策建议。

This paper reviews the development of China＇ s convertible bonds, which can be divided into three phases： exploration stage, the pilot stage and the development stage. By case study, the experiences and lessons can be summed up in the exploratory stage of convertible bonds and the pilot phase; So, the corresponding policy recommendations can be proposed for the convertible bonds conditions and the terms of design.