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中国银行间债券市场见证了农发债的成长。十年间,农发行市场化发债从零起步,踏实求索,经受住了债券市场不同时期的各种考验,实现了市场规模持续扩大、债券品种逐渐丰富、期限结构日趋合理、投资主体不断多元化的跨越式发展。十年里,农发行不仅成功凝聚市场力量为“三农”提供了强有力的政策性信贷资金支持,也为推进债券市场的建设与发展作出了重要贡献。一、十年求索,市场化筹资之路成效
China’s inter-bank bond market witnessed the growth of agricultural bonds. In the past ten years, the issuance and reform of ADBC launched a market-based bond issuance from scratch and persistently searching for solutions. It has withstood various tests in different periods of the bond market, and has realized the continuous expansion of the market scale, the gradual enrichment of bond types, the increasingly matured term structure and the continuous diversification of investors By leaps and bounds. In the past decade, the ADBC has not only successfully coalesced its market forces in providing strong support for policy-related credit funds for “three rural” issues, but also made important contributions to promoting the construction and development of the bond market. First, seek ten years, market-oriented financing results