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由“热恋”到“冷处理” 当居民的金融资产由单一的储蓄存款向国债、金融债券、投资等多元化转移的时候,企业债券也作为新生事物而粉墨登场。据资料介绍,到1993年末,全国的企业债券已占居民金融资产的31％。债券的大量发行对金融市场形成强烈的冲击,有关部门急呼“债券过热”。 1993年一、二、三年期企业债券平均利率分别高出同档次储蓄存款利率的2.52、2.58和4.8个百分点,有些企业内部债券的利率甚至达到48％,大大超过国家有关债券利率的浮动幅度。债券的高利率,调起了居民的发财胃口,然而,谁知“螳螂捕蝉,黄雀在后,当一条
From “Love” to “Cold Treatment” When corporate residents’ financial assets are diversified from single savings deposits to treasuries, financial bonds, and investments, corporate bonds also emerge as new things. According to the information, by the end of 1993, the country’s corporate bonds accounted for 31% of the residents’ financial assets. A large number of bond issuance on the financial market to form a strong impact, the departments concerned called “bond overheating.” The average interest rates of the first, second and third year corporate bonds in 1993 were respectively 2.52, 2.58 and 4.8 percentage points higher than those of the same grade savings deposits, while the interest rates of some corporate bonds even reached 48%, far exceeding the floating range of the country’s bond interest rates . Bonds high interest rates, tune in the residents’ appetite for wealth, however, who knows "praying mantis catch cicada, after the orchids, when a