随着现今全球金融市场的不断发展,资金需求者取得资本、投资者将资本注入市场的方式都越来越多样化,但是其中最为主流的两种融资方式依旧是银行贷款与发行债券。本文从不同的角度阐述这两种方式的异同,包括它们的基本框架、作为金融媒介的特点,并探讨对投资者而言,选择不同方式能够获得的优势和劣势,从而解释银行贷款更受青睐的原因。 With the continuous development of global financial markets, capitalists are required to obtain capital and investors inject more capital into the market. However, the two most mainstream forms of financing are still bank loans and bond issuance. This article illustrates the similarities and differences between the two approaches from different perspectives, including their basic framework as a feature of financial intermediation and exploring the advantages and disadvantages available to investors for choosing different approaches to explain why bank loans are more favored s reason.