Research On Development Strategies Of Enterprise Bonds Market In China

Enterprise bond market is an important part of a country’s financial markets.Perfect and efficient enterprise bond market is of great significance for the allocation of social resources,financing and overall economic developmentIn recent years, along with the deepening of economic reform and development,China’s enterprise bond market is also showing considerable momentum, but at the same time, there are also many problems to be solved in the development process.On the one hand, there are still many problems in china enterprise bond market,such as small real scale, low liquidity of the secondary market, imperfect credit rating system,debt-guarantee mechanism and regulatory system.those problems in enterprise bond market is not only harmful to expand financing channels for enterprises, social efficiency of resource allocation, but also limits the further development of China enterprise bond market and seriously affects the development process of China financial markets.so,analyzing the current problems of the enterprise bond market,proposing effective countermeasures combined with the actual situation of China development is particularly important.China and Japan are both Asian countries, and the development process is facing many similar conditions.The enterprise bond market of Japan has became increasingly sophisticated after years of reform and development.So, the article research the enterprise bonds market in China from the perspective of comparison of Japan.First of all,analyze the development process of enterprise bond market in this two countries and their development characteristics.There will be some positive impact on the development of China enterprise bond market.Then, study the similarities and differences between China and Japan enterprise bond market.Lastly,propose some effective measures by combining the useful reform experience in Japan enterprisebond market and the actual development of China enterprise bond market.There will be some positive impact on the development of China enterprise bond market,by the ways of reforming management model, developing the secondary market, enhancing enterprise bond market openness, optimizing the credit rating system, improving the system of supervision and other measures.