.中国企业债券市场现状调查报告.pdf

RESEARCH REPORT 2003.2.13 0064 Abstract China’s security market has achieved tremendous development in the past decade. However, as compared to the stock market, the corporate bond market has been relatively less developed. The premature corporate bond market is becoming a significant factor hindering the further development of China’s securities market. How to enhance the development of the corporate bond market is a critical mission for financial market regulators and practitioners. In order to provide effective solutions to this problem, the basic status and viewpoints of all the market participants is a must. To know the basic status and viewpoints of all the market participants about the corporate bond market, Shenzhen Stock Exchange formed a joint team to carry out the survey. The questionnaires investigate 32 large enterprises, 500 listing companies, 122 institutional investors and 68 financial intermediaries. The survey acquired about 33 thousand data about China’s corporate bond market. The data and information collected reflect major market players’ behavior and strategies on the market as well as their opinions on how to develop the market. We believe these data and information constitute a quantitative picture of China’s corporate bond market, and provide helpful reference to all market participants, especially to the market regulators and organizers. 1