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自《企业债券管理条例》1993年8月颁布以来.已七年有余。在这期间我国企业债券市场得到了一定发展,但是,其年均发行额250亿人民币相对股票市场的年均融资额1000亿规模则显得严重滞后(1996年至1999年数据)。显然,这与企业债券发行、监管体制、品种缺乏、信用体系尚未有效建立等诸多问题不无关系,因而原有条例修订势在必行。为此,国务院于1999年委托国家计委对该条例进行修订,目前意见征求阶段已基本完成。在《企业债券管理条例》修订之际,本文就企业债券市场各参与要素、原《企
Since the promulgation of the “Enterprise Bonds Management Regulations” in August 1993, more than seven years have passed. During this period, the corporate bond market in our country got a certain development. However, the average annual financing amount of 25 billion yuan and the stock market averaged 100 billion yuan (the data from 1996 to 1999). Obviously, this is not unrelated to many issues such as the issuance of corporate bonds, the regulatory system, the lack of varieties and the establishment of a credit system. Therefore, it is imperative to amend the original regulations. To this end, the State Council commissioned the State Development Planning Commission in 1999 to amend the ordinance, and the current stage of seeking opinions has been basically completed. In the “Enterprise Bonds Management Ordinance” revision of the occasion, this article on all aspects of corporate bond market participation factors, the original "enterprises