Font Size: a A A

Corporate Bond Market To Develop Countermeasures

Posted on:2005-05-30Degree:MasterType:Thesis
Country:ChinaCandidate:C L LvFull Text:PDF
GTID:2206360122481765Subject:Business management
Abstract/Summary:PDF Full Text Request
The enterprise bond market is an important component of the financial market. In international countries with fully developed market economy system, the enterprise bond markets (corporate bond markets) are all well developed without exception. But because of various kinds of reasons, the development of the enterprise bond market in our country has long been lagged behind its foreign counterparts which is not only incompatible with the theories of the enterprise bond market, disaccordable with the practice of international bond market but unadaptable to the financial system reforming requirement and our country's national economy development. Under such a condition, research about developing strategies in the enterprise bond market is quite crucial to be carried out, also it is absolutely necessary to promote energetically the development of the enterprise bond market.The research work in this article contains:From development theories of the enterprise bond market and the significance of its development these two aspects, this article discussed the underlying theory foundations of the enterprise bond market development. The developing theories include: Theories of Modern Capital Structures, Combination of Bond Investment, Theories of Capital Rating, etc. The development of the industrial bond market contains both macrocosmic and microcosmic aspects of significance.This article makes an objective evaluation to the current developing situation and future developing prospect of the enterprise bond market. By comparing the enterprise bond market with foreign company bond markets of foreign countries, the domestic stock market and the national debt market, and analyzing enterprise bond with GDP increasing rate, interest rate and other factors, conclusion can be reached that the development of the enterprise bond market is seriously lagged behind, also it is very necessary for the enterprise bond market to be well developed under current advantageous condition.According to current developing situation of the enterprise bond market and based on prediction of its future development, this article explained major problems hindering the development of the enterprise bond market and systematically categorized those problems as regulation environment problems and market capability problems. The regulation environment problems include Supervisory system problems, enterprise'sproperty relations problems; market capability problems include lack of market flexibility, lack of trade variety.Referring to developing experience and methods of foreign company bond market, also considering the practical developing conditions of national enterprise bond market, this article presents suggestions about developing strategies of the enterprise bond market. That is to build up regulation environment for the enterprise bond market through regulation innovation, to enhance flexibility of the enterprise bond market via optimizing market capability for the wholly and harmoniously development of the enterprise bond market.
Keywords/Search Tags:the enterprise bond market, regulation environment, market capability, countermeasure
PDF Full Text Request
Related items