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我国的国债发行已进入了第14个年头。这期间,国债发行有市场行为,也有非市场行为。就总的趋势看,在整个经济体制向社会主义市场经济体制转轨的今天,国债是要走市场化道路的。这个问题已探讨了很长时间,并且正在一步步地推进,包括探索建立国债流通转让市场,试点国库券承购包销,等等。但是,过去搞的这些市场化改革不大配套,包括国债市场自身发
China’s bond issue has entered its fourteenth year. During this period, treasury bonds issued a market behavior, there are non-market behavior. As for the general trend, in the transition from the entire economic system to the socialist market economic system, the national debt is going to be marketized. This issue has been discussed for a long time and is being promoted step by step, including exploring the establishment of a market for the circulation of government bonds, the underwriting of the Treasury bills, and so on. However, these marketization reforms that were used to have been conducted in the past are not well supported, including the development of the bond market itself