Development Countermeasures Of China's Paper Market

The bill market is one part of short term money market in vital capital matching, and responding to the most sensitive. It is not only a vital part in the monetary market, but an import condition in the perfect development of the financing system also. The bill market in flourishing and perfectly might improve the financing method for the small and medium enterprise, decrease the financing system's risk, set up the perfect social credit system and transit system of monetary policy.Our modern bill market began to develop in 1980s', It went through a few developing stages from restoring, managing regulation in step by step, developing quickly. By the end of 2004, the balance about RMB1,500 billion of business bills have been signed and the discount balance has about RMB1,020 billion. So it has become a crucial part of financing system in our country, but our bill market exist such as problems: bill undue, fewer transaction tools and smaller market scale, and absence of uniform bill market and special bill management department, slow development of discrepancy credit environment, and absence of legal merit.This paper reveals the function of bill market firstly through the actual review on China's bill market developing course, and makes a summary of the market development in current. Second this paper analyzes the barrier in the bill market developing after the Centre bank carries out the"The Management Method on The Short Team Financing Bond". It also reveals the existed problems during the billing market developing, and then it is suggested in the bill market developing for our country by means of the advanced experience of bill market in oversea. The produce reasons of this paper as follows: (1) We should develop the financing note hard, and be made the function of bill market perfectly. (2) Modify"The Law of Bill"perfectly. (3) Set up the social credit environment well. (4) Build up the special management department of bill and improve multi-part entity for the bill market. (5) Improve the management and adjustment-control method as well as for the bill market. (6) Set up the supervising and managing regulation system respectively. (7) Develop the electronic progress for bill market as soon as possible, and set up the uniform bill market in China.This paper insist in combining theory and practice, macro-analysis and micro-analysis, both real-practice and regulation-analysis as the study method, and...