一、我国企业债券的现状及存在的主要问题企业债券是一个合理的资本市场中不可或缺的组成部分,而合理的资本市场结构的重要体现之一就是股票、债券、金融衍生品保持良好的比例关系。随着我国企业改革的不断深入发展,直接融资已成为企业融资的重要渠道。但在我国股票市场取得重大发展的同时,作为直接融资方式重要组成部分的企业债券却发展相当缓慢,普遍存在重“股票融资”、轻“债券融资”的现象。 First, the status quo and main problems of corporate bonds in China Corporate bonds is an indispensable part of a reasonable capital market, and one of the most important manifestation of a reasonable capital market structure is that stocks, bonds and financial derivatives keep sound ratio. With the continuous deepening of enterprise reform in our country, direct financing has become an important channel for corporate financing. However, while China’s stock market has made significant progress, corporate bonds, which are an important part of direct financing, have been developing quite slowly. There is a widespread phenomenon of “stock financing” and “debt financing”.