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我国债券市场仍然存在交易效率有待进一步提高,风险控制有待进一步保障的现象,反映了债券市场的发展存在监管架构、市场行为监管方面法律制度不完善、监管手段行政化、结算托管后台不统一和风险控制措施不到位、对投资者权益保护还不够充分等问题。本文就是基于我国债券市场的发展以及监管法律制度现状,从债券交易效率与结算风险角度,研究分析其发展所面临的现实性问题,在总结国际债券监管经验及国内债券市场发展的经验教训基础上,提出我国债券市场发展的若干制度设计与完善建议。
China’s bond market still exists the transaction efficiency needs to be further improved, risk control needs to be further protected, reflecting the existence of a regulatory framework for the development of the bond market, the market regulation of the legal system is not perfect, the regulatory means of governance, the settlement of the custody of the background is not uniform and risk Control measures are not in place, the protection of rights and interests of investors is not sufficient enough and other issues. This article is based on the development of China’s bond market and the status quo of the regulatory legal system. From the perspective of bond transaction efficiency and settlement risk, this paper studies and analyzes the practical issues facing its development. Based on the experience of international bond regulatory experience and the development of domestic bond market , Put forward some system design and improvement suggestions for the development of China’s bond market.