中国市政债券融资的风险问题及对策研究

Research on risk and countermeasures of municipal bond financing in China

市政债券起源于美国,是政府为筹集城市建设所需资金而发行的债券,在发达国家已经得到了广泛且成功的应用。伴随着我国经济的快速发展,城市基础设施建设需要大量的资金,市政债券的推出不仅解决了地方政府融资难的问题,同时进一步完善了中国的债券市场,推动了资本市场的发展。界定市政债券的概念,详细阐述中国市政债券的发展历程及现状,说明其面临的风险问题,并最终提出风险防范和控制的对策建议。

Municipal bond originated in the USA is a bond issued by the government to raise funds for the construction of the city, which has been widely and successfully used in developed countries. With the rapid development of economy in China, city infrastructure construction requires a lot of money. The introduction of municipal bonds not only solves the problem of local government financing difficulties, but also further improves the Chinese bond market, and promotes the development of capital markets. The concept of municipal bond is defined, the development course and current situation of municipal bond in China are described in detail, and the risk of which is explained, and finally the risk prevention and control countermeasures is proposed.