The Research On Enterprise Bonds Market Financing Of China

Instruments of direct financing for corporations consist of stocks and bonds ,as the world economics developing, enterprise bonds financing ,because of its advantage , in developed countries, is replacing stocks financing and becoming a predominant direct financing method.In china, however, the enterprise financial structure presents a totally different character, The enterprises depend too much on banks in the external financing channel, as well as they prefer share financing to bonds financing in the direct financing structure. This leads to a limited financing channel, bad financing efficiency, and irrational capital structure., which make our enterprise in a uncompetitive situation in an era of globe economics. In this manner, it's very important to stimulate China's enterprise bonds market financing.Compared to most domestic scholars study this topic through qualitative analyse, this dissertation mainly by quantitative analyse ,by which try to find the key influent actor to enterprise bonds market financing ,and why some actors should but haven't influenced it, then provides strong advice to this thesis.As the development of market economics in China, enterprise bonds financing will be an important method in enterprise financing, what's more, the development of enterprise bonds market financing, which help to widen financing channel ,low financing cost, better capital structure and stimulate high efficiency and development for enterprise.