企业债券论文.docVIP

浅谈我国企业债券存在的问题 班级：金融0801班 姓名：肇燕玲 学号：21 指导老师：孙玉美 浅谈我国企业债券存在的问题 摘要···········································3 引言··········································4 1企业债券概述··································4 1.1概念 ········································4 1.2基本要素 ··································4 2企业债券存在的问题 ··························5 2.1发行需求的约束 ······························6 2.1.1战略中的误导 ·····························6 2.1.2.企业债券定价依据 ·························6 2.1.3.企业债券定价体系 ··························7 2.2投资需求的约束 ····························7 3策略与措施 ····································7 3.1转变发展战略 ································8 3.2明确企业产权 ································8 3.3配套的改革 ··································9 3.3.1建立基准利率 ······························9 3.3.2建立定价体系 ······························9 3.3.3发行方式与品种的创新 ······················10 参考文献 ·······································10 致谢 ··········································10 摘 要 在我国，长期以来，作为证券市场组成部分的股票、国债和基金市场十分受人关注。而同样是证券市场不可或缺的组成部分的企业债券却是理论上少人问津，实践上徘徊不前。我国企业债券市场存在诸多问题，必须要以相应的对策来改变目前债券的现状，以利于我国证券市场长远地持续发展。 关键词：企业债券；二级市场；债券信用评级 Abstract In our country, for a long time, as parts of the securities market ，shares、 bonds and fund market focuses a lot of peoples attention. Likewise, the enterprise bond is an important part of the bond marketbut it is not known about the theory. Enterprise bond market in China has many problems, we must take corresponding countermeasures to change the present situation of bonds in China securities market, so as to facilitate the long-term sustained development. Keywords: enterprise bond、 secondary market 、bond credit rating 浅谈我国企业债券存在的问题 引言 企业债券是证券市场不可或缺的一部分，在我国金融市场中，其存在着一系列的问题，从不同的方面观察剖析问题，具体分析企业债券的今后发展方向。 1企业债券概述 1.1概念 企业债券是企业为筹集资金，依照法定程序发行，约定在一定期限内还本付息的债券。企业债券代表着发债企业和投资者之间的一种债权债务关系，债券持有人是企业的债权人，不是所有者，无权参与或干涉企业经营管理（周正庆,《 证券知识读本》, 北京：中国金融出版社，1986 ）。 在外国，因其发债主体只限于股份有限公司，企业债券和公司证券两个名称可以在同一个意义上使用，两者有时可以混称，但按国际通行叫法应称为公司证券。在我国，企业债券的概念、范围较宽。按《企业债券管理条理》规定，发债企业泛指具有法人资格