Western Development And The Need For Western Construction Of A Regional Securities Market

The thesis chooses the necessity of the development of western China and western regional bond market's construction as the object analyzed. As the thesis's basis, the author definite the general theory of regional bond market firstly, in order to resolve its basic meaning, its strategic orientation, its characteristic and that leveled operation is the certain choice of our bond market.After observation to market level possessing regional bond marke tcharacteristic in China and foreign country, the thesis put forward that regional bond market serve for new or growing medium and small sized enterprises to raise fund, including high technology, high growing, high risk. The thesis mainly solve its problems of raising fund, asset value evaluation, risk dispersion and transaction of risky invest stock inborn and immature and growing stage, which is ready and buffering market of the second and main market. Then it analyze regional bond market's strategic orientation on its observation, and put forward that leveled operation is the certain choice of our bond market from the angle of the world bond market's history.In the second part, the author analyses the backwardness of our western bond market systematically and explain its reasons in many visual angle.The third part is the center of the thesis. In the background of the development of western China, it is shortage of fund. If only depended on bank and government policy, it couldn't finish the task. So, only market can finish it. How to support many of medium and small sized enterprises and how to transform the superiority of resource to industry and economy are important choices of the development of western China. To found western regional bond market can raise fund for it, foster efficient kernel superior industry, improve industry forcefully, ameliorate the unreasonable situation of western key element's flowage and is advantage in market conformity in eastern and western area. The author discusses its necessity and possibility from the angle of main body and medium of market. The author considers under existing conditions it is necessary and practicable to found regional bond market in time.In conclusion, the author point out it is urgent to found regional bond market in time from the angle of the perfection of Chinese bond market's own competence in the background of the development of western China.