对于中期票据业务被紧急地叫停,虽然主管部门并没有一个明确的说法,坊间流传较广的是中期票据有违当前从紧货币政策下紧缩信贷的要求。但这一理由并未得到专业人士的认同,反而认为其有些牵强。专家认为中期票据作为直接融资的工具,并不存在间接融资那样较强的乘数效应,其数量的增长不能简单套用信贷扩张的模式,总的来说其对于通货膨胀的影响是可以忽略的。此外,从目前中期票据发行的企业来看,主要是国有大型企业和部分政 The medium-term note business was halted urgently. Although the authorities did not make a clear statement, the widely circulated medium-term note violated the current demand for tightening credit under tight monetary policy. However, this reason has not been recognized by professionals, but rather that it is somewhat far-fetched. Experts believe that medium-term notes as a tool for direct financing, there is no indirect multiplier as a strong multiplier effect, the increase in the number of credit expansion can not simply apply the model, in general, its impact on inflation is negligible. In addition, the medium-term notes issued by the current business point of view, mainly state-owned large enterprises and some government