Learn From Foreign Experience To The Development Of China's Corporate Bond Market

Stock, corporate bond and the loan to bank are three kinds of main outside financing ways of the company, also are the intrinsic foundation of capital market structure. In countries with fully developed market economy system, the corporate bonds markets are all well developed. But because of various kinds of reasons, the development of the corporate bonds market in our country has long been lagged which is not only incompatible with the theories of corporate bonds market, disaccordable with the practice of international bonds market but inadaptable to the financial system reforming requirement and our country's national economy development. That not only the usage of assets, the selection of investment and the improvement of competition ability are disturbed, the optimization of assets, reform of investment and finance system and construction of security market are hindered, but also the economic growth and sustained development are impeded and the risk of economy is heightened. So we must probe those problems existing in the development of corporate bonds market of China. We can draw lessons from corporate bonds market in those developed countries. Thus we can put forward the method to solve those problems in order to set up the healthy corporate bonds market of China.Full text divides into five chapters totally:Introduction, primarily explains the background of choose this topic to discuss in the thesis, the situation and description of corporate bonds research, research approaches of the thesis.The first Chapter divided into two parts. The first part is the definition and the comparison of corporate bond and enterprise bond. The...