美国商业票据市场发展给我们的启示

The US Commercial Bill Market Development Gives Our Enlightenment

商业票据是货币市场悠久的工具,一种短期信用凭证,发行者多为实力雄厚、信誉卓著的大公司;发行成本低、筹资效率高、流动性较强、信用评级机构参与等诸多原因促使美国商业票据发展迅速;借鉴美国商业票据发展之经验,通过短期融资性商业票据发行,权威性信用等级评价机构建立,监管法规体系的逐步完善等措施建立和发展中国商业票据市场。

The commercial bill is the money market glorious tool, one kind of short term credit certificate, many of the publisher is the strength abundant, the prestige outstanding big company; The cost of capital low, the fund raising efficiency high, the fluidity is strong, the credit rating organization participation and so on many reasons urges the US commercial bill development to be rapid; Profits from experience the US commercial bill development, through the shortterm financing commercial bill release, the authority credit rank appraisal organization establishment, supervising and managing laws and regulations system measures and so on gradually consummation establishes and develops the China commercial bill market.