2. According to the market organization form, the bond circulation market can be further divided into on-site trading market and over-the-counter trading market.
3. According to the different bond issuance locations, the bond market can be divided into domestic bond market and international bond markets.
As an important part of financial market, bond market has the function of making funds flow from surplus to demanders and raising funds for those with insufficient funds. Our government and enterprises have issued a large number of bonds, raised a lot of funds, and made up for the national financial deficit and many key construction projects. During the Eighth Five-Year Plan period, enterprises in China issued bonds totaling 82 billion yuan, which were mainly used to support key construction projects such as the Three Gorges Project, Shanghai Pudong New Area Construction, Beijing-Kowloon Railway, Shanghai-Nanjing Expressway, Jilin Chemical Industry, Beijing Subway and Beijing West Railway Station, and the construction of urban public facilities.
1. Since its establishment in the 1990s, the bond market has been developing and growing, with a market value of over 20 trillion yuan, which is close to the stock market. In the speech at the 20 12 securities supervision work conference, the management pointed out that "actively and steadily develop the bond market", "significantly increase the proportion of corporate bond financing in direct financing, and study, explore and pilot new types of bonds such as high-yield corporate bonds, municipal bonds and institutional bonds". The bond market is facing huge development opportunities, and the future is limitless.
2. Generally speaking, bonds are low-risk and low-return investment products, and the bond market seems to be far away from ordinary people, and only institutional investors will participate. However, if you compare the increase of bond index with the increase of stock index and the cumulative increase of inflation index in the past ten years, you will be surprised to find that the performance of bond index is very eye-catching, and in the past ten years, the return of bond index is negative for only three years, while the return of stock index is negative for six years. It can be seen that the bond index fluctuates less, and it is easier to achieve absolute returns.