发展可转换债券市场正当其时  

Time to Promote the Convertible Bond Market

作　　者：陈晓虹[1] 朱永行[1] 

机构地区：[1]中国人民银行上海总部金融市场管理部

出　　处：《金融市场研究》2017年第11期7-12,共6页Financial Market Research

摘　　要：可转换债券作为资本市场的一种融资工具,具有股债双重属性和独特的优势。可转换债券的发展与壮大,对于推动我国金融市场供给侧结构性改革,完善多层次资本市场产品体系,改善直接融资结构,降低企业融资成本,以及丰富金融市场投资产品等,均具有重要意义。As a capital market financing instrument, convertible bonds -- which have characteristics of both stocks and bonds -- have unique advantages. The development of the convertible bond market can be of great significance in promoting supply-side structural reforms as they apply to China＇s financial markets These instruments can also improve products across a multi-tiered capital market. They can also improve the structure of direct financing, reduce financing costs of enterprises and enrich the pool of investment products in the nation＇s financial markets

关 键 词：可转换债券 再融资 降成本 公司治理 

分 类 号：F832.51[经济管理—金融学]