Comparative Research Of Bill Markets And The Enlightenment For China

The bill market is an important component of the money market and it is the market that finances the short-term fund. The bill market of our country established in 80s last century. Through over two decades of exploration and development, the bill market has experienced starting stage, the system construction stage, the fast development stage and now is entering into the period of steady development. But the bill market is still immature compared with developed countries (area), there are many impeding factors in the main market body, trade instrument, price and the government regulation. First, the paper researches bill markets of developed countries (area), summarizes their experiences. Then, finds the defects of our bill market compared with bill markets of developed countries (area) after a preliminary understanding the growing process and the present situation of our bill market. Finally takes the developing experiences of developed countries, comes up with the policy suggestions that will perfect the bill market of our country , including cultivating the main trade body, expanding the trade category, perfecting market operating mechanism, reinforcing market foundation and regulation system, etc.