内蒙古地区银行间市场债券承销业务研究
发布时间：2018-10-14 08:14
【摘要】：银行间市场由同业拆借市场、票据市场、债券市场、外汇市场、黄金市场等构成。其中,银行间债券市场是发行和买卖债券的场所。债券承销业务以银行间债券市场为依托,以发行人作为主体,联合主承销商、会计师事务所、律师事务所、信用评级机构及登记托管机构等各方,发行直接债务融资工具,具有拓宽发行人融资渠道,一定程度上节约发行人融资成本并为发行人在公开市场展现企业形象等重要意义。内蒙古地区作为我国重要的能源基地及西部大开发等国家政策积极扶持地区,其金融发展状况及银行间市场债务融资情况更越来越引起各方关注,其银行间市场债务融资情况的研究结论对国家金融政策研究及相关地区经验推广具有十分重要的意义。 首先,本文全面梳理了关于银行间市场债务融资工具的相关概念；其次,以内蒙古地区为着眼点研究银行间市场债券承销业务的发展现状与发展方向；然后,选取内蒙古蒙西水泥公司作为发行人发行的2012年度第一期短期融资券为实例,研究其在银行间市场发行债务融资工具的历程及意义；最后,根据理论和实例分析结果提出了加强银行间市场监管、扩大发行人及主承销商准入范围等等一系列建议。
[Abstract]:The interbank market consists of interbank lending market, paper market, bond market, foreign exchange market, gold market and so on. Among them, the interbank bond market is a place to issue and buy and sell bonds. The bond underwriting business relies on the interbank bond market, takes the issuer as the main body, and issues direct debt financing instruments by all parties, such as joint principal underwriters, accounting firms, law firms, credit rating agencies and registration and custodian agencies, etc., It is of great significance to broaden the financing channels of issuers, to save the financing cost of issuers to some extent and to show the corporate image of issuers in the open market. As an important energy base in China and an active support area for national policies such as the development of the western region, Inner Mongolia's financial development and inter-bank debt financing have attracted more and more attention from all sides. The conclusion of the research on debt financing in interbank market is of great significance to the study of national financial policy and the promotion of regional experience. First of all, this paper comprehensively combs the related concepts about the interbank market debt financing instruments; secondly, taking Inner Mongolia as the focus, studies the development status and development direction of the interbank market bond underwriting business; then, Taking Inner Mongolia Mengxi cement Company as an example to study the course and significance of issuing debt financing instruments in the interbank market. Based on the analysis of theory and examples, this paper puts forward a series of suggestions, such as strengthening the supervision of interbank market, expanding the access scope of issuers and lead underwriters, and so on.
【学位授予单位】：内蒙古大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.2;F832.51
本文编号：2269858
[Abstract]:The interbank market consists of interbank lending market, paper market, bond market, foreign exchange market, gold market and so on. Among them, the interbank bond market is a place to issue and buy and sell bonds. The bond underwriting business relies on the interbank bond market, takes the issuer as the main body, and issues direct debt financing instruments by all parties, such as joint principal underwriters, accounting firms, law firms, credit rating agencies and registration and custodian agencies, etc., It is of great significance to broaden the financing channels of issuers, to save the financing cost of issuers to some extent and to show the corporate image of issuers in the open market. As an important energy base in China and an active support area for national policies such as the development of the western region, Inner Mongolia's financial development and inter-bank debt financing have attracted more and more attention from all sides. The conclusion of the research on debt financing in interbank market is of great significance to the study of national financial policy and the promotion of regional experience. First of all, this paper comprehensively combs the related concepts about the interbank market debt financing instruments; secondly, taking Inner Mongolia as the focus, studies the development status and development direction of the interbank market bond underwriting business; then, Taking Inner Mongolia Mengxi cement Company as an example to study the course and significance of issuing debt financing instruments in the interbank market. Based on the analysis of theory and examples, this paper puts forward a series of suggestions, such as strengthening the supervision of interbank market, expanding the access scope of issuers and lead underwriters, and so on.
【学位授予单位】：内蒙古大学
【学位级别】：硕士
【学位授予年份】：2013
【分类号】：F832.2;F832.51
【参考文献】
相关期刊论文 前1条
1 韦士歌;;中国国库现金管理战略思考与操作安排——从近几年中央国库存款余额持续较高谈起[J];财政研究;2005年09期
，本文编号：2269858
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