It discusses the necessity,superiority and feasibility of financial bonds which several state-run business banks want to issue.

China high technology enterprise bond financing mode research.

This being the case,it is imperative to expand the financing channel and develop bond financing of civilian-run enterprises.

At first,This paper analyzes the comparative advantages of bond financing,and then,make seven aspects policy proposals in view of the Restriction factors of China s bond market,,to further promote the development of China s bond market.

At present, debt financing helps to change nation-own corporation vacancy “insiders control” situation, and enhance creditors priority in balancing major stock holders and control over stock financing.

In the financial system of our country with the bank system playing the leading role, the debt market of corporate develops unusually slowly and corporate debt financing is small.

This paper introduces the concept and main features of the bond fun ds , points out that the development of the bond funds will be beneficial to the de velopment of our country s bond market, meet different investors demand of inve stment, fill in some gaps in the bond varieties at low risk sections of the curr ent Chinese bond market.

Owing to its advantages like low risk and stable return, bond funds have become the main component of funds abroad.