The Study Of China's Bond Market Related Issues

The bond market is the place of issuance and trading of bond, is animportant component of the financial market. The bond market is an integralpart of a country’s financial system. After30years of development, China’sbond market, from scratch, from small to large process. According to the lateststatistics of2011, the scale of China’s bond market have been more than9.5trillion yuan, the proportion of GDP has more than30%. The rapid developmentof various types of bonds, the overall market trend is good. This article is fromthe rapid development of international and domestic financial environment, firstintroduced the basic theory of our bonds, including the definition andclassification of the bonds, the issuance of bonds status, characteristics. Thenhighlight the history of the development of China’s bond market developmentstatus of China’s various types of bond markets, the size of the statistics cited inthe form of numbers, as shown in Table. Analysis of the international form is easy to see the development of China’s bond market is still part of the primarystage Throughout the global economy, the bond market of the developedWestern countries, especially the bond issuance is particularly advanced in theUnited States, Germany and Japan. Advanced development of bond markets inthe article, the second part of the national theory, the specific combination of thebasic national conditions and history of the three countries, elaborated on thehistory of the development, the main trading platform, as well as the bondmarket structure system of the national bond market. All aspects of thesimilarities and differences of the bond market and the three countries werecompared in order to refer to as the advanced theories of the development ofChina’s bond market.At present, China’s bond market has gradually become an important part of theeconomic development of the entire stock market and even the National, but it isnot difficult to find in-depth analysis to understand the bond market in terms ofmarket structure and management system, there are still many problems, only with the national situation effective reform, in order to inject new vitality intothe development of bond market. The fourth part of this paper is the basis of theproblem, summarized by the author in-depth analysis, drawing on the successfulexperience of developed countries, put forward suggestions for improve China’sbond market, the specific analysis of First Chapter from the system point ofview, Solutions for China’s bond market’s imperfect credit rating and try topropose the introduction of advanced U.S. bond insurance business to resolvethe structural imbalance of China’s bond market and other defects. Followed byChapter V from the bond the rich variety of innovative point of view putforward several suggestions introduced to Hong Kong the "dim sum bonds, forexample, you can try to speed up the development of SME collective bonds andlocal government bonds, perfect from the system and the variety of China’s bondmarket the overall structure. Language has many inadequacies, urge leaders toteachers criticized the correction!...