Problems And Countermeasures Of China's Corporate Bond Market Development

The enterprise bond market is an important component of the financial market. It is positive to open widely the source of the enterprise funds, set up the construction of the enterprise capital reasonably, enrich the tool of the stock and financial market and promote the balanced development between the bond market and stock market. But the development of the enterprise bond market in our country has been lagged behind its foreign counterparts which is not only incompatible with the theories of the enterprise bond market, discordant with the practice of international bond market but unadaptable to the need of fast development of our economy. 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.From development theories of the enterprise bond market and the significance of its development, this article discussed the underlying theory foundations of the enterprise bond market development. The theories include: theory of Modern Capital Structures, theory of Merchandise Credit, theory of Assets Fluxion and theory of Risk-Income and Assets Pricing.The article makes an objective evaluation to the current developing situation and 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, stock market, 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. Based on the theoretical analysis, using data analysis, demonstration analysis and compare analysis etc, the existing problems of the enterprise bond market are pointed out.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...