我国债券市场近年来发展迅速,但是由于二级市场的流动性不足,造成债券市场的发展存在瓶颈。流动性对于债券市场十分重要,没有二级市场的流动性,债券一级市场就难以实现发行。流动性的缺乏,会进一步造成融资成本上升,阻碍我国债券市场的健康发展。解决流动性问题,要找出我国债券市场的独有特点,对症下药,从制度和参与者等方面解决流动性缺乏问题。 The bond market in our country has developed rapidly in recent years. However, due to the lack of liquidity in the secondary market, there are bottlenecks in the development of the bond market. Liquidity is very important to the bond market. Without the liquidity of the secondary market, it is very difficult for the primary bond market to be issued. The lack of liquidity will further increase the financing costs and hinder the healthy development of China’s bond market. To solve the problem of liquidity, we must find out the unique characteristics of our bond market, remedy the problem, and solve the problem of lack of liquidity in terms of systems and participants.