银行间债券市场是我国资本市场的重要组成部分。自1997年6月银行间债券市场产生以来,经过20年的发展,市场规模快速壮大,参与主体不断增多。市场参与者数量已从最初的16家商业银行发展到目前超过1.7万户投资者,市场体量超过50万亿元,2017年上半年债券发行规模近7.5万亿元,为企业融资提供了重要渠道,成为国家货币政策调控 The inter-bank bond market is an important part of China’s capital market. Since the establishment of the inter-bank bond market in June 1997, after 20 years of development, the market scale has rapidly expanded and the number of participants has been on the rise. The number of market participants has grown from the initial 16 commercial banks to more than 17,000 currently, with a market volume of more than 50 trillion yuan and a bond issuance size of nearly 7.5 trillion yuan in the first half of 2017, providing important financing for enterprises Channels, a national monetary policy regulation