国债作为一种比较特殊的金融工具,具有筹资、融资、宏观调控等多种功能,在社会经济生活中扮演着重要角色。我国的国债却由于种种原因未能充分发挥其功用,其中原因之一是国债发行机制不完善。 1 我国国债发行市场的发展进程 自1981年恢复发行国债至今,我国国债发 As a special kind of financial instrument, treasury bonds have many functions such as financing, financing and macroeconomic regulation and control and play an important role in social and economic life. Due to various reasons, our country’s national debt failed to give full play to its function. One of the reasons is that the national debt issuance mechanism is imperfect. 1 China’s national debt issuance market development process since the restoration of national debt in 1981 so far, China’s national debt