摘要
债券市场是金融市场的基础。经过30多年发展,中国债券市场已经形成了品种多样、市场多元、交易清算技术先进、余额70多万亿元的庞大市场,但按照构建国际金融中心的要求和债券市场财富管理的功能标准看,中国债券市场至少还存在品种结构如何进一步优化,相互分割的市场如何实现一体化,投资者结构如何调整,信用评级的公信力如何提高,监管体制如何改革等问题。本文从债券市场的财富管理功能和构建国际金融中心的角度出发,对上述问题进行系统分析,并提出解决这些问题的思路和方案。
The bond market is the foundation of the financial market.After more than 30 years of development,the Chinese bond market has developed into a huge one with a bond balance of more than 70 trillion yuan,multiple products,diversified m arkets,and advanced trading and clearing technology.However,in accordance with the requirements of building an international financial center and the functional standards for wealth management of the bond m arket,there are still some issues in China’s bond m arket,such as how to further optimize the product structure,how to integrate the segmented m arkets,how to adjust the investor structure,how to enhance the credibility of credit rating and how to reform the regulatory system.This paper analyzes the above problems from the perspective of the wealth management function of the bond market and the establishment of an international financial center systematically,and puts forward the thoughts on and solutions to these problems.
作者
吴晓求
陶晓红
张焞
WU X iaoqiu;TAG Xiaohong;ZHANG Tun(Renmin University of China,100872)
出处
《财贸经济》
CSSCI
北大核心
2018年第3期5-16,共12页
Finance & Trade Economics
关键词
债券市场
信用评级
监管体制
改革思路
Bond Market
Credit Rating
Regulatory System
Reform Thoughts
作者简介
吴晓求,中国人民大学副校长,金融与证券研究所所长,教育部长江学者特聘教授(2007),100872;陶晓红,中国人民大学财政金融学院博士后,100872;张焯,中国人民大学财政金融学院博士研究生,100872。
