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1、本科毕业论文外文翻译原文外文题目：ComparisonoftheConvertibleBondMarketDevelopmentinChinaandEuropeandtheEnlightenment出处:<<美中经济评论:英文版>>2004年第9期作者：ShengchunZhu原文：ComparisonoftheConvertibleBondMarketDevelopmentinChinaandEuropeandtheEnlightenmentShengchunZhuShenzhenGraduateSchool,HarbinInstituteofTechnologyABSTR
2、ACTAsafinancingtoolwiththecharacteristicsofdebt,stock,andoption,convertiblebondshaveachievedagreatdevelopmentinEurope.China’sconvertiblebondsmarketfacesaseriesofproblems,includingpublicissuing,policysupportfortraditionalindustries,absenceofshortmechanism,andconvergenceofproductdesign.Chinam
3、ustsummarizeexperiencesfromEuropeanmarket,applysupportpolicies,andbuildaconvertiblemarketwithsustainabledevelopmentbymeansofperfectingthecreditgradingsystem,releasingthemarketentrancerestrictions,encouraginginnovationsinproductdesignandissuingways.Keywords:Convertiblebond,Productinnovation,
4、Creditgrading,PolicysupportConvertiblecorporatebond,namelyconvertiblebondforshort,isissuedinformofbondbylegalprocedures,andcanbeconvertedintostockundercertainconditions.Asoneofmainfinancialtoolsinworldcapitalmarket,convertiblebondhasalreadygainedfastdevelopmentinUSAandJapan.ChineseandEurope
5、anenterpriseshavestartedtousethisfinancialtoolsince90sin20thcentury.Therefore,tosummarizeandcomparethedevelopmentofconvertiblebondinChinaandEuropeismeaningfulinpractice.1.ComparethedevelopmentofconvertiblebondmarketinChinaandEuropeEuropeisalwaysoneofmainbondmarketintheworld.ComparedwithUSAa
6、ndJapan,Europeaninvestorsemphasizeonstablereturn.Thecouponrateofconvertiblebondislowerthanthatofotherbonds,whichstopsitsdevelopmentinEuropeinasense.Tillearly80sin20thcentury,AmericanandJapaneseenterprisesbegintorealizefinancingbyissuingconvertiblebondinEuropeanbondmarket.Afterwards,Englande
7、nterprisesstartthisfinancingchannel.ButenterprisesinEuropeandChinabegintouseconvertiblebondasafinancingtoolin90sin20thcentury.DortmunderVereinissues390,000convertiblebondsforthefirsttime,whichpioneersthefinancingbyconvertiblebondsinEurope.Thedeepeningint
