论文部分内容阅读
改革开放以来,特别是进入21世纪以来,我国证券市场实现了快速发展,发行主体不断增加,市场规模不断扩张(2014年底我国各类债券余额已经跃居世界第三位),债券种类不断丰富,成为我国金融市场体系的重要组成部分。证券市场在推动整个金融市场和金融体系发展,提高直接融资比例,服务实体经济方面发挥了重要作用。但不可否认,目前我国债券市场的发展与经济金融发展的需要相比仍存在很大差距,金融市场的格局还需要进一步优化,特别是国债规模过小,没有承担应有责任并发挥应有作用,使财政金融发生扭曲,这些问题亟须研究解决。
Since the reform and opening up, especially in the 21st century, China’s securities market has witnessed rapid development with the main body of issuance increasing and the market expanding (the balance of various kinds of bonds in our country has risen to the third place in the world by the end of 2014). The types of bonds are continuously enriched, Become an important part of China’s financial market system. The securities market has played an important role in promoting the development of the entire financial market and financial system, raising the direct financing ratio and serving the real economy. However, it is undeniable that there is still a big gap between the development of China’s bond market and the needs of economic and financial development. The pattern of the financial market still needs to be further optimized. In particular, the scale of government bonds is too small to assume its due responsibilities and play its due role So distorted financial and financial issues that urgently need to be studied and solved.