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1、要有一个明确、统一、稳定的国债政策。应该承认,我国国债政策带有相当的随意性,某些具体政策往往都是权宜之计。比如,品种期限的设计,考虑更多的是如何在通胀压力下将债券销售出去,很少结合国债本身的特点和从证券市场供求均衡角度来考虑。发行时间也过于集中,不利于证券市场的稳定。另外,类似“以旧换新”等临时性措施似乎也缺乏必要的严肃性,容易提高投资者的各类预期,结果会相应加大下一年度的发行工作。因此,确定一个稳定、明确、统一的国债政策已迫在眉睫。2、要尽快形成全国统一的国债市场。目前我国国债市场虽发展较快,但主要还是集中在几个
1, there must be a clear, unified and stable bond policy. It should be admitted that our national debt policy is quite arbitrary and that some specific policies are often an expedient measure. For example, the design of the term of breed would consider how to sell the bonds under the pressure of inflation and seldom consider the characteristics of the national debt itself and the balance of supply and demand in the securities market. Issuing time is too concentrated, is not conducive to the stability of the securities market. In addition, temporary measures such as “trade-in” seem to lack the necessary seriousness to easily raise investors’ expectations and will result in a corresponding increase in the issuance for the coming year. Therefore, to determine a stable, clear and unified treasury bond policy is imminent. 2, as soon as possible to form a unified national bond market. At present, although the rapid development of China’s bond market, but mainly concentrated in a few