The Study On Our Corporate Bond Market

In the west, the corporate bond market is a very important component of the capital market. From 1980's, raising by bonds increasingly replaced raising by stocks and has become the main way of international raising. However, our corporate bond market has been a "short leg" of china's security market. How to enhance the development of the corporate bond market is a critical mission to be accomplished.The thesis analyzes the functions of the corporate bond from the economics points of view which is the main reason for the development of our corporate bond; immediately after it compares the conditions of two corporate bond markets of our country and America, and thinks it is the institutional difference that causes the gap of two markets; further two kinds of institutions are put together to be contrasted and dissected; finally, it puts forward the measure for breaking the current institutional bottleneck and blazing new trails. The thesis has clear construction and makes uses of large quantities of datum. It applies qualitative and quantitative analysis, and also positive and normative analysis. In addition, the thesis makes the suggestion of institutional innovation to be suited to current conditions from economics viewpoints. I hope it can make contributions and practical uses to the study of this domain.