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按照新制度经济学的观点 ,企业债券市场属于制度范畴。经济体制转轨背景下旧的计划经济体制所导致的种种制度缺陷是造成我国企业债券市场发展严重滞后的根本原因。因此 ,要发展我国企业债券市场 ,就必须不断地进行制度创新 ,一是完善并修订相关法律法规 ,推动企业债券市场由“政府管制型”向“市场取向型”演进 ;二是加快现代企业制度建设 ,改善企业经营机制和治理结构 ,同时建立有效的保障机制 ;三是加快企业债券信用评级制度的建设 ,培育企业债券的机构投资者 ,不断完善与企业债券市场相关的基础性制度建设。
According to the new institutional economics, the corporate bond market belongs to the institutional category. The institutional defects caused by the old planned economy under the background of economic transition are the fundamental reasons for the serious lag in the development of China’s corporate bond market. Therefore, to develop China’s corporate bond market, we must continue to carry out institutional innovation, first, improve and amend the relevant laws and regulations to promote the corporate bond market by the “government-controlled” to “market-oriented” evolution; the second is to speed up the modern enterprise system Thirdly, it is necessary to speed up the construction of a credit rating system for corporate bonds, foster institutional investors in corporate bonds and continuously improve the basic institutional building that is relevant to the corporate bond market.