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近两年来我国债券市场快速发展,成就斐然。为支持积极的财政政策,为改装商业银行资产结构和流动性管理,为推进投融资体制改革和利率市场化,为扩大中央银行公开市场操作和实现间接调控,作出了重大贡献。可见,发展债券市场确实转移了银行体系承担的部分风险,而且,发展债券市场正是改变银行体系在我国金融体系和债券市场中占据主导地位这一状况的重要手段。
In the past two years, the bond market in our country has been developing rapidly with impressive achievements. In order to support the proactive fiscal policy, it has made significant contributions to the reform of the asset structure and liquidity management of commercial banks, the reform of the investment and financing system and the marketization of interest rates, as well as the expansion of the open market operations of the central bank and the realization of indirect regulation and control. Evidently, the development of the bond market has indeed shifted some of the risks borne by the banking system. Moreover, the development of the bond market is an important means of changing the predominance of the banking system in China’s financial system and the bond market.