以制度建设提升债券市场开放水平

Improve the Opening-up Level of China’s Bond Markets through Institutional Development

债券市场开放是我国金融对外开放的重要组成部分。随着改革开放的不断深化,债券市场开放循序渐进,取得了较好的成效,但对比国际成熟市场,我国在市场主体权利和义务的边界、市场基础设施和配套制度、对接国际规则、市场纪律及相关风险管理等方面,仍存在不少制度短板。应按照确定的原则和思路,从明确市场主体的权利义务边界、完善基础设施和配套服务内容、接轨国际规则、强化市场纪律和风险管理安排等方面,完善相关制度,推进债券市场的制度型开放,促进债券市场更高水平开放和高质量发展。

The openness of bond markets has become important part of China's financial opening-up progress.With the deepening of reform and opening up,the openness of bond market has proceeded step by step and achieved good results.However,compared with international developed markets,there are still many institutional inadequacies to be addressed.In order to promote the high-level opening-up and achieve high-quality development,the institutional openness of bond market can be improved by defining the rights and obligations of market participants,improving market infrastructures and supporting services,synergizing with international rules,and enhancing market discipline and risk management with the implementation of defined principles and guideline.