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直接融资是以股票、债券为主要金融工具的一种融资机制,资金供给者与资金需求者通过股票、债券等金融工具直接融通资金。直接融资能最大可能地吸收社会游资,直接投资于企业生产经营之中,有效弥补间接融资游离在实体经济以外,导致资金空转的不足。一、直接融资的基本情况近年来,实体经济直接融资额大幅增加,截至2015年末,我国直接融资规模存量为42.51万亿元,同比增长11.83%,其中企业债券余额为
Direct financing is a kind of financing mechanism taking stocks and bonds as the main financial instruments. Funds suppliers and capital demanders directly finance the funds through financial instruments such as stocks and bonds. Direct financing can maximize the absorption of social hot money, direct investment in the production and operation of enterprises, to effectively make up for indirect financing free outside the real economy, leading to lack of capital idle. I. Basic Conditions of Direct Financing In recent years, the direct financing of the real economy has risen sharply. As of the end of 2015, the stock of direct financing in China was 42.51 trillion yuan, up 11.83% over the same period of last year, of which the balance of corporate bonds was