融资结构失衡与企业债券融资发展

The Unbalance of Financing Structure and the Development of the Enterprise Bond Market in China

我国融资结构中突出的问题是企业债券融资发展滞后。发展企业债券不仅是融资方式多元化的要求 ,而且能克服过分依赖银行所带来的缺陷。阻碍企业债券发展的因素主要是政府管制、企业素质低下、市场环境欠缺以及企业债券市场自身的问题等。加快企业债券融资发展要从完善市场机制和健全微观结构着手。

The key problem in the financing structure in China is the lag of the enterprise bond market.The development of the enterprise bond market can not only satisfy the need of multiple ways to finance,but also helps enterprises out of too heavy dependence on banks.The major obstacles to the development of the enterprise bond market include unpractical governamental regulations,less-qualified enterprises,not so effective market mechanisms,and flaws of enterprises themselves.Perfecting the market mechanism and the micro market structure will certainly quicken the development of the enterprise bond market.