我国地方企业债券发行,发端于80年代中期。开初多表现为一种不规范的集资。1987年3月国务院颁布《企业债券管理暂行条例》后,才步入了一个新的阶段。经过多年的实践,发行市场构成已日臻成熟,发行数量、范围不断扩大,发行方式也逐步增多,在国民经济中的影响越来越大。 一、地方企业债券发行对经济的影响 (一)地方企业债券发行对经济发展的积极影响 1、为国民经济发展提供了有效的积累工具。 China’s local corporate bond issuance, originated in the mid-1980s. The beginning of more performance for a non-standard fund-raising. In March 1987, the State Council promulgated the Provisional Regulations on Corporate Bond Management before entering a new phase. After many years of practice, the composition of the issuance market has become increasingly mature. The number of its issuance, the scope of its expansion and the mode of issuance have also gradually increased. Its influence in the national economy has been growing. First, the impact of the local corporate bond issuance on the economy (a) the positive impact of local corporate bond issuance on economic development 1, for the national economic development has provided an effective tool for accumulation.