◇ 作者：中国银行原首席研究员、世界金融论坛高级研究员 宗良 对外经济贸易大学中国金融学院硕士生 马高欢 ◇ 本文原载《债券》2025年7月刊 摘 要 本文聚焦中国债券市场国际化进程中的高质量发展方向，系统梳理了我国债券市场在开放深度、外资持有规模、绿色主权债创新及 市场互联互通等方面的显著进展。同时，结合我国经济稳健增长、金融高水平开放深化、全球美元资产风险上升等机遇，分析了债 券市场国际化的核心优势。通过借鉴成熟市场在制度体系、运行机制、国际化程度及流动性管理等方面的经验，提出针对性策略： 完善交易机制与基础设施互联互通，强化国债在定价基准与市场稳定中的"领头羊"作用，拓宽年金、保险及境外资金等多元渠道， 以推动债券市场在国际化进程中实现高质量发展，为全球资本配置与国内实体经济提供更有力的支撑。 登录新浪财经APP 搜索【信披】查看更多考评等级 关键词 债券市场国家化 高水平开放 跨境互联互通 我国债券市场国际化进展 我国债券市场国际化取得显著进展，展现出若干重要特点。 （一）债券市场开放深度增加、范围扩大 我国自2002年实施合格的境外机构投资者（QFII）制度以来，逐步放宽资本流动限制、完善人民币跨境 ...

Group 1 - The current global economic environment is characterized by instability and uncertainty, with the US trade war significantly impacting the multilateral trade system and global supply chains [1][2] - China is committed to high-quality development, showcasing strong economic resilience and stable growth, with an expected increase of 35 trillion RMB in economic output over the past four years [2] - Technological innovation in China has led to advancements in high-performance chips, AI models, and robotics, contributing to a reduction of 11.6% in energy consumption per unit of GDP over the last four years [2] Group 2 - China has fully removed restrictions on foreign investment in the manufacturing sector, with cumulative foreign direct investment reaching 4.7 trillion RMB from 2021 to May this year, positioning China as a preferred investment destination [2] - The trade volume between China and the UK has consistently exceeded 110 billion GBP annually, with bilateral investment stock surpassing 130 billion GBP [2] - Green finance cooperation is advancing, highlighted by China's issuance of 6 billion RMB green sovereign bonds on the London Stock Exchange [2] Group 3 - The potential for cooperation in finance and education between China and the UK is significant, with China being the largest source of international students in the UK, totaling over 200,000 [2][3] - Both countries should focus on mutual respect and open collaboration to enhance cooperation across various sectors, creating a better environment for bilateral relations [3]