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

Risk analysis of commercial banks issuing the subordinated bonds of our country;

According to Basle Agreement and much of practice, civil banks strengthen the application of subordinated bonds in capital management.

The investors of commercial banks subordinated debt have the strongest endogenetic inspirit to eliminate the shareholders hazard risk because they are lack of effective channel to shift away such unavoidable risk.

Issuing Subordinated Debt is one way for the commercial banks in our country to get enough capital.

Many foreign academicians have done much work on the market discipline of subordinated debt of commercial banks from theoritical and empirical analysis.

The Research on the Effect of the Issuance of Subordinate Debt by Domestic Commercial Bank;

On subordinated bond pricing in China;

Accelerate the building of a circulation platform for subordinated bonds;

As a debt instrument,subordinated bond not only provides banking organizations with internal incentives to refrain from augmenting their risk,but also imposes additionnal(incentives) through participants and supervisors.