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近年来 ,提高国债市场流动性曾成为中国证券理论界和管理部门的热门话题 ,并提出了各种各样的对策 ,不过 ,这些对策没有在理论上认清流动性及其影响因素 ,因而缺乏理论基础和理论体系。在实践中 ,很可能有导致意想不到的问题。本文认为要提高国债市场的流动性 ,首先在理论上要明确流动性及其影响因素 ,然后在此理论基础上 ,构建有效的市场机制 (结构 )来提高流动性。
In recent years, raising the liquidity of the bond market has become a hot topic in China’s securities theory and management and has put forward various countermeasures. However, these measures have not been able to clearly understand the liquidity and its influencing factors in theory. Theoretical basis and theoretical system. In practice, it is very likely that there will be unexpected problems. This paper argues that in order to improve the liquidity of the bond market, first of all, it is necessary to make clear the liquidity and its influencing factors theoretically. Then, on the basis of this theory, we should construct an effective market mechanism (structure) to improve the liquidity.