Research On The Legal Regulation Of Chinese Bond Credit Rating

In recent years,in the development of China's capital market,the share of bonds has increased and investors are more diversified.Correspondingly,bond credit rating has played an increasingly prominent role in bond financing,and China's bond credit rating has also made progress.However,according to the theory and practice of market development,it can be found that there is still a result "bubble" in the credit rating of China's bond market and the conflict of interest of the market subject.Combining the theory of credit rating regulation and the development and construction process of the relevant laws and regulations related to the credit rating of China's bond market,it is found that the reasons lie in the imperfection and incompletion of laws and regulations,as well as the lack of responsibility system and information disclosure system.Through the analysis of the basic theory of economics and law related to credit rating,combined with the advanced supervision experience,trend and Enlightenment in Europe and America,and the actual problems of our country,it is suggested that the regulation of the credit rating of China's bonds should be promoted from the following aspects: to improve the construction of the legal system and to clarify the subject of supervision,to improve and innovate the types and ways of the legal responsibility of the institutions,to standardize the information disclosure system,to promote benign competition in the rating industry,and to make progress in self-regulation and the cooperation of international regulation.Through these measures,we can improve market safety and efficiency,strengthen investor protection,prevent financial risks,and promote the orderly development of China's market economy.