Strategic option for developing municipal bonds in China;

Researches in Municipal Bond Issues in China;

Analysis on Liquidity Risk and Default Risk of China Municipal Bond;

The paper discusses the mode of municipal bonds based on the theories of debt financing,and clears up the necessity and feasibilty of issuing mumicipal bonds.

Municipal bonds plays a very important financing role in the developed world s urban con-struction and economic development but in our country the law does not permit municipal bond issue Objec-tively, has already formed a local system of financing There have been some disguised behavior by a variety of companies on the is-suance of municipal bonds.

Poland,as an emerging marketing and economic shunt country,does not simply rely on developing municipal development fund to settle the problem of infrastructure financing,but adopts a measure that combines own money,government favorable loans,commercial loans and issuing municipal bonds.

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.

An Analysis on the Development of Chinese Bond Market and Bond Funds

history etc It contains four part, The second part mainly expound the basic theory of Bond fund, include its kind features.