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我国的债券市场始于20世纪80年代。1997年银行间市场成立后,我国逐渐形成了以银行间市场为主、交易所市场和柜台市场为辅,互通互联、分工合作的多层次债券市场体系。这种格局既是对世界其他国家债券市场发展历程的进一步验证,也是债券市场发展规律在我国的客观体现。然而,近年来,交易所市场不断谋求银行业金融机构重新进入交易所市场参与交易,希望完成对银行间债券市场的全面复制,进而打造一个完全独立于现有银行间市场的多层
China’s bond market began in the 1980s. After the establishment of the inter-bank market in 1997, China gradually formed a multi-tier bond market system featuring inter-bank markets, exchange markets and counter markets, inter-connected interconnection and division of labor. This pattern is not only the further verification of the development course of the bond markets in other countries in the world, but also the objective embodiment of the development of the bond market in our country. However, in recent years, the exchange market has constantly sought banking financial institutions to re-enter the exchange market to participate in the transaction, hoping to complete the full copy of the inter-bank bond market, thus creating a completely independent of the existing inter-bank market, multi-storey