近年来,党中央国务院高度重视债券市场发展。党的十七大报告指出要“多渠道提高直接融资比例,发展各类金融市场”。2008年1月召开的全国金融工作会议就“加快发展债券市场”作出了部署,明确提出“扩大企业债券发行规模,大力发展公司债券,完善债券管理体制”。但从现实状况来看,我国债券市场发行规模过小,市场内部分割,多 In recent years, the CPC Central Committee and State Council attach great importance to the development of the bond market. The report of the 17th CPC National Congress pointed out that it is necessary to “raise the direct financing ratio through various channels and develop various financial markets.” The National Financial Work Conference held in January 2008 made a deployment on “Accelerating the Development of the Bond Market” and clearly proposed that “the scale of issuance of corporate bonds should be expanded, the corporate bonds should be vigorously developed and the bond management system should be improved.” However, from the realistic point of view, the issuance scale of China’s bond market is too small, the internal segmentation of the market, and more