Researches In Municipal Bond Issues In China

Urbanization is accelerating today, simply relying on the financial investment for urban construction, the city has failed to meet the needs of rapid development. At present, China's urbanization process is accelerating the construction stage, urban construction funds on the demand for more and more pressing.In some developed countries, standardize the classic approach is local bonds issued by local governments - municipal bonds, these countries the local bond market is very developed, in issuing municipal bonds has accumulated a wealth of practical experience. But China's "Budget Law" provisions of the local government can not borrow, which hampered the development of China's municipal bonds. The conflict between the two sides brings out urgent demand for municipal bonds-a kind of government bonds which has developed very well in US and many other developed countries.Based on China's status quo, try on the basis of previous studies, drawing on the successful use of international municipal bonds as a financing tool for urban construction experience on municipal bonds in China for the development of a comprehensive study on municipal bonds in The development of China, and try to solve some problems on the operational level. On this basis, try to explore in the Binhai New Area of the possibility of issuing municipal bonds, designed for Binhai New Area of the issue and business model, and try to solve some practical problems that might arise in.