我国债券市场违约问题分析及防范对策研究  

Analysis of Default Problems in The Bond Market of China and Study of Countermeasure

作　　者：马延明[1] 刘庭兵[1] 刘星星 MA Yanming;LIU Tingbing;LIU Xingxing(Yanan Municipal Sub-branch PBC,Yanan Shanxi 717500)

机构地区：[1]中国人民银行延安市中心支行,陕西延安,717500

出　　处：《西部金融》2018年第2期48-50,共3页West China Finance

摘　　要：本文通过阐述近几年我国债券市场违约概况及主要特点,分析近期发生债券违约的原因,并从发行企业应谨慎举债提高内部经营管理能力、明确各监管机构的角色定位及提升监管要求、进一步强化债券发行中介机构的职责、完善债券违约后续处置机制四方面提出了相应的防范对策。In recent years,while the bond market is developing rapidly,the risk of credit default has been gradually exposed.Since the default of the first bond in China in March 2014,the credit default in the bond market has happened frequently,and the debt default is increasing rapidly in terms of amount,issuance subject and number of bonds,the problem of default in bond market is more and more worth thinking about.This paper analyzes the causes of the recent bond defaults by expatiating the situation and main characteristics of the bond market in recent years,and puts forward the corresponding countermeasures from four aspects:The issuing company should carefully borrow to improve the internal management ability,clarify the role of the various regulatory agencies and improve the regulatory requirements,further strengthen the responsibilities of the issuing intermediary agencies,and improve the mechanism for the subsequent disposal of bond defaults.

关 键 词：债券市场 违约 问题分析 防范对策 

分 类 号：F832.35[经济管理—金融学]