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证券布场的发展现状和意义我国证券市场是改革、开放和经济发展的产物。从1981年中央政府发行国库券至今,我国证券市场的建立与发展大体经历了四个阶段:一是1981年—1988年的起步阶段。自1981年恢复发行政府债券到1988年,中央政府共发行国债455亿元。然而由于国债发行采用行政派购方式,而且不允许转让、流通,因而规范意义上的国债一、二级市场并未形成。二是1988年—1990年的初步发展阶段。1988年4月,经国务院批准,首先在哈尔滨、沈阳、广州、上海、武汉、重庆、深圳等地进行了国债转让市场的试点,同年底,国债转让业务迅速在全国大中城市展开,同时
Security cloth market development status and significance China’s securities market is a product of reform, opening up and economic development. Since the central government issued the treasury bonds in 1981, the establishment and development of China’s securities market has generally gone through four stages: First, the initial stage from 1981 to 1988. Since the restoration of the issuance of government bonds in 1981 to 1988, the central government issued a total of 45.5 billion yuan of government bonds. However, due to the issue of government bonds using the method of administrative distribution, but also not allowed to transfer, circulation, so the normative sense of the national debt, the secondary market has not formed. Second, the initial stage of development from 1988 to 1990. In April 1988, with the approval of the State Council, piloted the government bond transfer market in Harbin, Shenyang, Guangzhou, Shanghai, Wuhan, Chongqing and Shenzhen. At the same year, the treasury bond transfer business started rapidly in large and medium-sized cities nationwide