CB作为新的金融工具引人,一方面要借鉴香港、台湾以及其他地区国际经验与市场标准,但是作为新兴资本市场,中国有其特殊的市场环境与约束条件,在CB的市场标准、发行方式、流通特性等多种方面将经历本土化的移植过程。本文力图对本土化做出一些判断、预测与建议求教于大方之家。 As a new financial instrument, CB draws lessons from the international experience and market standards in Hong Kong, Taiwan and other regions. However, as an emerging capital market, China has its own special market environment and constraints. In terms of CB’s market standards and methods of issuance , Circulation characteristics and many other aspects will experience the localization of the transplant process. This article attempts to make some judgments on the localization, prediction and advice to seek generous home.