通过对我国可转债条款的实证分析发现,现行可转债条款过于偏向可转债投资人的利益,同时各可转债条款设计差异化不明显。通过可转债条款创新:一方面平衡各方利益,促进可转债市场长期稳定的发展;另一方面增强个性化设计,以满足市场上不同风险偏好投资者的需要,促进可转债市场功能的充分发挥。 Through the empirical analysis of the terms of China’s convertible bonds found that the provisions of the current convertible bonds are too biased in favor of convertible bonds investors, while the design of the convertible bonds is not obvious differences. Through the terms of convertible bonds innovations: on the one hand to balance the interests of all parties to promote long-term and stable development of the convertible bonds market; on the other hand enhance the personalized design to meet the needs of investors with different risk appetite in the market and promote the marketability of convertible bonds Give full play.