第一,发行方式要从审批制转向核准制,像股票发行一样。第二,交易制度要从集中交易走向集中交易和柜台交易并存。证券交易所和监管部门为企业上市创造条件,鼓励符合条件的企业发行和上市债券交易,简化审批程序,同时根据中国的情况,甚至可以推出场外交易制度。第三,品种创新从单一走向多元。现在发的基本上都是国家重点企业承担的重点建设、重大项目的一些债券,比如三峡债券、铁道债券,当然还有一些大企业的债券。因此,应该重构我国债券企业的框架,这些由行业公司、国 First, the mode of issuance should shift from the examination and approval system to the approval system, just like the stock issuance. Second, the trading system should move from centralized trading to centralized trading and over-the-counter trading. Stock exchanges and regulators create conditions for the listing of enterprises, encourage eligible corporate issuance and listing of bond transactions, and simplify the examination and approval process. At the same time, the OTC may be introduced according to the situation in China. Third, variety innovation from single to multiple. Now issued are basically key state-owned enterprises assume the key construction projects, some of the bonds, such as the Three Gorges bonds, railway bonds, of course, there are some large corporate bonds. Therefore, we should reconstruct the framework of our country’s bond companies, which are composed of industry companies and countries