金融市场是由若干子市场组成的一个有机整体,它的各个子市场应该协调发展,单个市场的超前或滞后都会影响市场整体功能的发挥,由此给社会经济带来负面影响。当前,我国企业之间的“三角债”屡治不绝,信贷资产质量低下困扰着银行业的发展,中央银行间接调控以再贴现和公开市场操作为有效工具在推行中尚受到不少束缚,凡此种种,无不与票据市场的发展滞后密切相关。一位金融界知名学者曾撰文写道“没有票据市场,就不会有真正的金融市场;没 Financial market is an organic whole made up of several sub-markets. Its sub-markets should develop in a coordinated manner. The advance or lag of individual markets will affect the overall market function, which will have a negative impact on the social economy. At present, the ”triangular debt“ among Chinese enterprises is constantly being punished. The low quality of credit assets has plagued the development of the banking sector. The indirect regulation and control by the central bank is still being restrained in the implementation of rediscounting and open market operations as an effective tool All these are closely related to the lagging development of the bill market. A well-known scholar in the financial industry wrote: ”Without a bill market, there will be no real financial market;