對我國債券市場相關(guān)問題的研究
本文選題:我國債券市場 切入點:現(xiàn)存的主要問題 出處:《遼寧師范大學(xué)》2012年碩士論文
【摘要】:債券市場,是發(fā)行和買賣債券的場所,是金融市場的一個重要組成部分,是一國金融體系中不可或缺的部分。我國債券市場經(jīng)過經(jīng)三十多年的發(fā)展,歷經(jīng)了從無到有、從小到大的過程。據(jù)2011年的最新統(tǒng)計,我國債券市場規(guī)模已超過9.5萬億元,占GDP比重已超過30%。各類債券發(fā)展迅速,,市場總體走勢良好。本文就是從國際國內(nèi)金融高速發(fā)展的大形勢出發(fā),首先介紹了我國債券的基礎(chǔ)理論,包括債券的定義及分類,各類債券的發(fā)行狀況、特征等。隨后著重介紹了我國債券市場的發(fā)展歷史,并以數(shù)字、圖表等形式統(tǒng)計列舉了目前我國各類債券市場的發(fā)展現(xiàn)狀、規(guī)模等問題。分析國際形勢不難看出,我國債券市場的發(fā)展仍處于初級階段,縱觀全球經(jīng)濟,西方發(fā)達國家的債券市場,尤其是美國、德國和日本的發(fā)展水平尤為先進。所以在文章的第二部分以國家為單位介紹了先進國家債券市場的發(fā)展理論,具體結(jié)合三國的基本國情和歷史,詳細(xì)闡述了各國債券市場的發(fā)展歷史、主要交易平臺、以及債券市場的結(jié)構(gòu)體制等問題。并對三國債券市場的各方面異同進行了比較,以作為發(fā)展我國債券市場的先進理論參考。 目前,我國債券市場雖然逐漸成為了整個證券市場乃至全民經(jīng)濟發(fā)展的重要組成部分,但是深入分析了解后不難發(fā)現(xiàn),債券市場在市場結(jié)構(gòu)和管理體制等方面還存在著諸多問題,只有結(jié)合我國國情,進行切實有效的體制改革,才能為債券市場的發(fā)展注入新的活力。所以本文的第四部分就是在發(fā)現(xiàn)問題的基礎(chǔ)之上,通過筆者的深入總結(jié)分析,借鑒發(fā)達國家的成功經(jīng)驗,提出了完善我國債券市場的相關(guān)對策建議,文章第四章首先從制度角度,針對我國債券市場的信用評級不完善提出解決對策,并嘗試提出引進美國先進的債券保險業(yè)務(wù),以解決我國債券市場結(jié)構(gòu)失衡等缺陷。其次第五章從債券品種的豐富創(chuàng)新角度提出了幾點建議,例如可以嘗試引入香港的“點心債券”、加快中小企業(yè)集合債券和地方政府債券的發(fā)展,從而從制度和品種上完善我國債券市場的整體結(jié)構(gòu)。行文有諸多不妥之處,懇請各位領(lǐng)導(dǎo)老師予以批評指正!
[Abstract]:Bond market is the place to issue and buy and sell bonds. It is an important part of financial market and an indispensable part of a country's financial system.After more than 30 years of development, the bond market of our country has gone through the process of from nothing to existence and from small to large.According to the latest statistics in 2011, the scale of China's bond market has exceeded 9.5 trillion yuan, accounting for more than 30% of GDP.Each kind of bond develops rapidly, the market overall trend is good.Starting from the rapid development of international and domestic finance, this paper first introduces the basic theory of bonds in China, including the definition and classification of bonds, the issuing status and characteristics of various kinds of bonds.Then it introduces the development history of China's bond market, and enumerates the current situation and scale of various kinds of bond market in China by statistics in the form of figures and charts.By analyzing the international situation, it is not difficult to see that the development of China's bond market is still in the primary stage. Throughout the global economy, the development level of the bond market of the western developed countries, especially the United States, Germany and Japan, is especially advanced.Therefore, in the second part of the article, the author introduces the development theory of the bond market of the advanced countries with the country as the unit, and elaborates in detail the development history and the main trading platform of the bond market of each country in combination with the basic national conditions and history of the three countries.And the structure of the bond market and other issues.The similarities and differences of the bond market of the three countries are compared in order to serve as an advanced theoretical reference for the development of China's bond market.At present, although the bond market in our country has gradually become an important part of the entire securities market and even the economic development of the whole people, it is not difficult to find out after in-depth analysis and understanding.There are still many problems in the bond market such as market structure and management system. Only by carrying out practical and effective system reform combined with the national conditions of our country can we inject new vitality into the development of bond market.So the fourth part of this paper is based on the discovery of problems, through the author's in-depth summary and analysis, the successful experience of developed countries, put forward the relevant countermeasures and suggestions to improve our bond market.In the fourth chapter, from the point of view of system, the author puts forward some countermeasures against the imperfection of the credit rating of China's bond market, and tries to introduce the advanced bond insurance business of the United States in order to solve the defects such as the imbalance of the structure of the bond market in our country.Second, the fifth chapter puts forward several suggestions from the perspective of rich and innovative bond varieties. For example, we can try to introduce "dim sum bonds" from Hong Kong to speed up the development of small and medium-sized enterprises' aggregate bonds and local government bonds.In order to improve the overall structure of China's bond market from the system and variety.There are a lot of errors in the writing, please be criticized by the leading teachers to correct!!!
【學(xué)位授予單位】:遼寧師范大學(xué)
【學(xué)位級別】:碩士
【學(xué)位授予年份】:2012
【分類號】:O29;F832.51
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