近年来的实践表明,稳步发展票据市场具有多方面的积极意义。票据融资已成为中小企业重要的短期直接融资渠道,实现了以市场方式缓解中小企业融资难问题。商业银行通过持有票据,可以调整资产结构,改善流动性管理。而票据作为货币市场中惟一直接作用于实体经济的市场工具,能较灵敏 In recent years, practice shows that the steady development of the bill market has many positive aspects. Paper financing has become an important short-term direct financing channel for small and medium-sized enterprises and has realized the problem of alleviating the financing difficulties of small and medium-sized enterprises in a market-based manner. By holding notes, commercial banks can adjust asset structure and improve liquidity management. As the only instrument in the money market that directly affects the real economy, it can be more sensitive