On The Legal Regulation Of China's National Debt

China's national debt market has experienced 30 years of pioneering and exploration,gradually being more and more mature.In spite of the great success,the inherent contradictions and problems in the bond market are also intensified.Therefore,in order to achieve great progress,the national debt market will inevitably require the establishment of a sound national debt legal system.At the same time,the national debt market supervision should be upgraded and strengthened.Although China has been from the issue of bonds for more than 30 years,it has not been established a unified national debt basic law until now.The current legal relationship between treasury bonds is mainly adjusted and regulated by departmental regulations,notices,documents and etc.Although there are many relevant laws and regulations,we still don't have a relative complete system.In order to solve the basic problems such as the unbalanced distribution of government bonds,the lack of market liquidity and the insufficient protection of the risk of the purchasers,we need to study the legal nature and mechanism of the legal system,and take the internal causes into account.When we achieve the above-mentioned goals,further Improvement of National Debt Market and Institutional reforms come true.With the progressive progress of the national debt market in recent years,the theoretical research on the national debt has never stopped and gradually deepened,which have strengthened the important theoretical and practical basis for the national debt legislation.Therefore,the formulation of China's national debt law is feasible.The whole paper structure is divided into four parts: The first part is comprised of the first chapter and the second chapter.Firstly,this part introduces the background and significance of the topic,seting the tone for the rest of the whole essay.Meanwhile,the relevant domestic and foreign review is carried out,which laid a solid theoretical foundation for the whole text.Secondly,it introduces the concept,function and legal relationship of national debt,highlights the necessity of legal regulation of national debt and expounds the basic principles that should be followed according to the characteristics of general law and national debt.The second part is the third chapter.From the national debt legal regulatory path in the issuance and transaction of two important links cut,respectively,described their respective status quo,problems and analytical solutions.The third part is the fourth chapter.we elaborates and gets idea from the legal regulation of national debt in the United States,Britain,Germany,Japan.It is vital reference for China's national debt legal issues in the process of regulation.The fourth part is the fifth chapter.As the summary of the whole article,we put up three aspects of the corresponding policy recommendations with respects to legislative model,principle and system design through the establishment of China's national debt legislation.