华东师范大学学报(哲学社会科学版) ›› 2000, Vol. 32 ›› Issue (5): 67-73, 125.doi: 10.16382/j.cnki.1000-5579.2000.05.009

• 经济 金融 • 上一篇    下一篇

论我国政府债券市场的功能及其发展

潘英丽   

  • 收稿日期:2000-05-15 出版日期:2000-09-15 发布日期:2026-03-11

On the Function and Development of Government Bond Markets in China

Ying-li PAN   

  • Received:2000-05-15 Online:2000-09-15 Published:2026-03-11

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摘要：

发达国家债券市场尤其是国债市场迅速发展及其在金融市场中地位不断上升的现状表明, 我国债券市场具有广阔的发展空间。目前, 特别应重视开拓由国债和市政债券构成的政府债券市场。尽管当前政府的偿债能力有一定的局限性, 但考虑到政府财政收入的良好增长前景, 我国政府仍应采取更积极和更进取的财政政策, 大规模发行10—30年期的长期国债。市政债券市场在中国这样的大国经济中具有特殊的作用, 当前建立和发展市政债券市场是十分必要的, 也是客观可行的。当然, 市政债券市场的建设与货币宏观调控、财税制度变革、地方政府职能转换等之间的关系还有待进一步研究。

关键词: 债券市场, 政府债券市场, 国债, 市政债券

Abstract:

The bond markets, especially the treasury bond markets, in developed countries have been developing quickly and playing a more important role in financial markets in near twenty-five years. The fact indicates that there is a wide and bright prospect of bond-market development in China. At present the development of government bond markets consisting of treasury bond and municipal bond should be attached great importance to. Our government should adopt a positive and initiative fiscal policy and issue long-term treasure bonds of ten to thirty years in large size. It is very necessary and feasible to set up and develop municipal bond markets in our country owing to its specially important role in China-such a large country.

Key words: bond market, government bond market, treasure bond, municipal bond