中国债券市场立法大致经历了初创萌芽、起步发展、规范前进及快速壮大四个阶段。从立法渊源角度看,我国债券市场法律制度包括法律、行政法规、部门规章及相关自律规则和业务规则。在适用范围上,分别对应全市场、银行间市场、交易所市场及柜台市场。从债券立法内容来看,涵盖了市场划分及券种、市场准入、发行制度、信息披露制度以及投资者适当性制度等。
China’s bond market legislation has undergone four major stages:starting stage,initial development,regulation and progress,and fast-track growth. From the perspective of legislative sources,China’s bond market legal framework includes laws,administrative regulations,departmental rules,and relevant self-regulation rules and business rules. In terms of scope of application,the framework includes laws targeted at the whole market,inter-bank market,exchange market and counter market. In terms of contents of bond laws,the framework covers market division and types of bonds,market entry,issuance system,information disclosure system and investor suitability arrangement.