我国债券市场支持实体经济的着力点选择

How Does Bond Market Better Support Real Economy?

债券市场的发展与实体经济的成长密不可分。围绕金融服务实体经济,债券市场至少可在两方面有所作为:一是推进直接债务融资市场继续扩容,助力化解融资难融资贵,完善市场融资结构;二是推动适应市场需要的产品创新,挖掘债市融资功能和资源配置功能,服务产业升级和经济结构调整。为此,债券市场的自身建设需跟进,做到理顺风险分散分担机制、强化投资者保护和完善做市商制度等。

The development of bond market is closely to that of real economy. How does bond market better support real economy? First is to promote the enlargement of direct debt financing market, lower the financing cost and improve market financing structure. Second is to facilitate product innovation, deeper explore the financing and resource allocation function of bond market, serve industry upgrading and economic structural optimization. To better fulfill these two purposes above, bond market needs to be further developed, for example, make the risk separation and bearing system clear, intensify investors' protection and improve market maker system.