酝酿已久的国债市场改革已开始实施,非实物国库券发行,即国债的无纸化发行,就是今年国债发行方式的一个重要改进。所谓国债无纸化发行,即不印制实物国库券,而通过电脑记帐方式来完成国债推销与购买,并可利用电脑系统进行交易和兑付。国债无纸化发行,在发达的 The long-awaited reform of the national debt market has begun to be implemented. The issue of non-physical treasury bills, that is, the paperless issuance of treasury bonds, is an important improvement in the issue of treasury bonds this year. The so-called treasury bond paperless issue, that is, do not print physical treasury bills, but through the computer account to complete the sale and purchase of treasury bonds, and the use of computer systems for trading and redemption. Treasury bond paperless distribution, in developed