Why China Needs To Develop A Bond Market

• 来源期刊: 中国金融家
• 学科: 经济
• 关键词: 中国 证券市场 经济发展 金融政策
• 年，卷（期）: zgjrj_2005,（3）
• 页码范围: 78-79
• 页数: 2页
• 分类号: F832.5

摘要

Most Asian economies long have depended on bank financing,and to a lesser extent, on the equity markets, to fund investments. Except for countries like Singapore,Malaysia and a few other more developed Asian economies, corporate bonds are almost unheard of in the region. But bonds and bond markets are at least as important, if not more so, than stock markets, for the efficient allocation of a nation's resources. In major economies,