Development of the Bond Market and Perfect Enterprise Financing Structure

Abstract

Development of enterprise bond market is to establish a multi-level capital market needs. Restricts the development of enterprise bond market is the root cause of the internal and external enterprise bond market institutional constraints. One is the current institutional constraints enterprise bond market development, second is the enterprise bond market by external institutional constraints of the development. To develop China’s enterprise bond market, on the one hand, to convert the corporate bond market administrative restriction system for legal constraints, market restraint system, at the same time, we should establish corresponding regulation of the financial system, financial supervision and financial innovation keep synchronization. On the other hand, will further reform bank credit system, and improve the state owned enterprise property rights system, and improve the corporate governance structure, perfect stock issuance and listing company distribution of the external institutional constraints.

Key words: Enterprise Bond; Development; Countermeasures