服务“十三五”规划，推动债券市场稳步发展——中国债券市场2016年回顾及2017年展望

To promote the steady development of the bond market and serve the 13th five-year plan

在债券市场作为深化金融体制改革的重要抓手和关键环节这一背景下，文章对2016年债券市场的震荡走势加以总结，对市场发展特点及热点事件做出评述分析，并从宏观形势、市场环境、债市自身等方面对2017年市场走势进行研判。文章进一步提出完善市场功能、推动基础设施建设、提高融资效率、加强对外开放、健全投资者保护机制等建议。

As the bond market being an important gripper and a key composition of the deepening of financial reforms, the essay summarizes and analyses the market trends, development characteristics and hot issues of the bond market in 2016, and makes forecasts about the 2017 bond market trends in terms of the macroeconomic situation, market environment and the bond market itself. The essay further offers recommendations to improve market functions, promote infrastructure construction,enhance financing efficiency, expand opening up, and strengthen investor protection mechanism.