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Studies on Several Major Issues of Chinas Bond Market Development

【Authors】
WU Xiaoqiu, TAO Xiaohong & ZHANG Tun
【WorkUnit】
Renmin University of China, 100872
【Abstract】

The bond market is the foundation of the financial market. After more than 30 years of development, the Chinese bond market has developed into a huge one with a bond balance of more than 70 trillion yuan, multiple products, diversified markets, and advanced trading and clearing technology. However, in accordance with the requirements of building an international financial center and the functional standards for wealth management of the bond market, there are still some issues in China's bond market, such as how to further optimize the product structure, how to integrate the segmented markets, how to adjust the investor structure, how to enhance the credibility of credit rating and how to reform the regulatory system. This paper analyzes the above problems from the perspective of the wealth management function of the bond market and the establishment of an international financial center systematically, and puts forward the thoughts on and solutions to these problems.
 
JEL:G12

【KeyWords】
Bond Market, Credit Rating, Regulatory System, Reform Thoughts