Research On Bond Repurchase In The Stock Exchange Market

Since the stipulation of new kind of the exchange bond pledged repo launched in,the volume of trade and the category of the investors participated in it are increasing year by year.We can see the bond repo market have a considerable degree of active.It is notable that not only the self-management of securities,funds and other investment institutions,but also the proportion of natural person investor also is increasing.There are more types of bond investors in the stock exchange market than the interbank market,which is a more open platform.Different from company's growth concerned by stock investors,bond investors normally concentrate on the operating stability of the issuer with long-term stable cash flow.2012 Jiaojiang Enterprise Bond was a case in the choice of long-term debt held by the configuration,which I invested in.In this article,I make the research on the issuer's main qualification,operation,financial situation and many other aspects.After that It is suitable as a standard pledge financing coupons.In the bond pledge repurchase storage process,the first thing is that we should pay attention to the change of bond pledged discount rate and adjust standard coupon usage.The Second thing is to control repo rate variation in the exchange market,and prevent high interest rates when subscription of new shares and long leaves come.And the last thing is to prevent the emergence of situations due to the library on the magnification control,to balance benefits and risks of the investment.