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《Fiscal Science》 2018-12
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Analysis on the Market-oriented Pricing of Chinese Local Government Bonds

He Zeyuan;  
Since the local government in China began to issue self-sufficient local government bonds in 2015,local government bonds have become the largest Chinese bond in stock. The low interest rate of the primary market and the weak liquidity of the secondary market have been continuously concerned and discussed by researchers and bond market investors. To explore the degree of marketization of local government bond interest rate pricing, this paper analyzes the problem of the pricing marketization in the local government bond market in China through theoretical analysis and model analysis, and discusses the direction of improvement.
【CateGory Index】: F812.5
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