我国目前实行从紧的货币政策,从银行融通资金的难度和成本日益加大;而股票市场的不确定性和风险性加大,融资功能也有所弱化。这些都对公司的资金需求造成了一定的影响。而公司债券作为一种新的融资方式,因其能解决公司的资金需求并具有相应的比较优势,越来越受到大家的广泛关注。本文以长江电力发行的公司债券为例,分析了公司债券融资的优势,并对其未来发展提出了相关建议。 China’s current tight monetary policy, increasing the difficulty and cost of financing from the bank; and the uncertainty and risk of the stock market increased, the financing function has also been weakened. All of these have had a certain impact on the company’s funding needs. As a new financing method, corporate bonds have drawn more and more attention from everybody because they can solve the company’s capital needs and have corresponding comparative advantages. Taking the corporate bonds issued by Yangtze Power as an example, this paper analyzes the advantages of corporate bond financing and puts forward some suggestions for its future development.