The Research On Convertible-Bond's Market System In China

As a financial derivative product. Convertible-Bond have unique character and financial market performance . The development of Convertible-Bond market will improve our capital markets progress constantly and have a positive impact. Since the 1990s in the 20th century Value chain management ideas and methods is popular enterprise management community and the important thinking of ways in the United States and Europe. In the paper. I will introduce value chain theory to design our convertible bond market system . Use value chain management ideas and theories . intentioning to improve our convertible bond market system . carrying out actually our convertible bond market healthy operation . playing its due contribution to the national economy. Finally. 1 suggest that building and optimizing our convertible bond market system must focus power on these three aspects, viz. the main body aspect object aspect and agency aspect of the market system . by expanding the coordination forward .My paper consists of five chapters:The first chapter introduces the theory of the Convertible-Bond really . And I analysis the importance of Convertible-Bond market in our capital market .Chapter II presents value chain theory, a specific analysis of the value chain theory using in the industry and internal. Then, according to value chain analysis, described much element of the market system, and expounded elements mutual relations. Introduce value chain theory to design our convertible bond market system. The idea is the full paper of the bright spots.Chapter III is combination of data analysis the conversion in international development and the status quo. and in our development and the status quo;And based on this, very detailed comparatively analysis the domestic and international development of convertible bond.Chapter IV combine The third chapter's comparative analysis, presented our convertible bond market system problems.Chapter V contrapose our convertible bond market system problems, from three aspects to table a proposal . and finally optimize our market system.The major character of this paper is to define the characters of the Convertible Bond and introduce value chain theory to design and optimize our convertible bond market system accord with development of the Convertible Bond and favor stabilization and prosperity of the capital market in our country.