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On The Development Of China's Corporate Bond Market

Posted on:2004-01-26Degree:MasterType:Thesis
Country:ChinaCandidate:Z Q MengFull Text:PDF
GTID:2206360092987706Subject:Finance
Abstract/Summary:PDF Full Text Request
As the important component of the capital market, the enterprise-bond market should play an important role in the financing process of enterprise. However, the enterprise-bond market in the China developed more slowly that the stock market, which was impacted by the institutional factors. From the overall viewpoint of the market, the author makes the macro and micro analysis on the enterprise-bond market. I do the empirical research with the economics variables and make the analysis for the institutional limitations, which will have influences on the market. And I also hope the paper can make some enlightenment on the development of the enterprise-bond market in China. Chapter one of this article defines the connotation and scope of the enterprise bond. Meanwhile, this chapter also analyzes the difference and relation between the enterprise bond and the corporation bond, which proves it is incompatible to develop the enterprise bond and corporation bond synchronously. Chapter two discusses the essentiality of developing the enterprise-bond market and summarizes the relevant research works, which also states the history evolution and the current status of the enterprise-bond market in China. Chapter three analyzes the relevant factors affecting the investing value and the pricing of the enterprise-bond market. Considering the importance of the convertible bond, this chapter will make a detailed analysis for the convertible bond. Chapter five analyzes the institutional disfigurements, which affect the normal development of the enterprise-bond market.
Keywords/Search Tags:The enterprise-bond market, Institution, The convertible bond
PDF Full Text Request
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