A Study On The Necessity To Develop Enterprise Bond Market In West Region

To develop the enterprise bond market in west and construct the multi-level west region capital market, will promote the economical development with capital market mechanism. It's important to implement the big development strategy in west region now and in a quite long time. Through analyzes, in west, each kind of enterprise financing structure presents the different characteristic: The state-owned enterprise internal financing insufficiency, also excessively relies on bank credit financing;privately operated enterprise main depends on internal financing and folk finance, but indirect financing and direct financing reveals the insufficiency;each kind of enterprise's debt structure tends to the short-term. Expand the level of direct financing, it is the main content that western enterprises improve the financing structure to increase long-term debt, and western enterprise bond market offer bond financing, and promote to optimizing western enterprise governance, therefore to develop the enterprise bond market in west and improve the region capital market structure, it's inevitably choice to optimize the western enterprise financing structure.A series of policies measure formed and the capital market reform and innovation speeded up, as well as the big development strategy implementation in west region with the large-scale infrastructure construction and the characteristic industry emerged. It has provided west the good opportunity to develop the western enterprise bond market and improve the region capital market structure in West. therefore, it's prerequisite for the enterprise bond market development to formulate the synthesis and the special plan of speeding up western region capital market development including the enterprise bond market west, to limit the enterprise bond market status and the function accurately, and to promote the necessary facility construction of the national enterprise bond market and the west region capital market. The government must have pointed strengthens the western enterprise to set up the debt financing guarantee system and to pay off a debt the safeguard mechanism with policy support in order to form the good interaction mechanism between the regional capital market of west , national capital market and western sustained economic development including bond market of western enterprise.