This paper studies on municipal bonds issued in China to explain the necessity and feasibility of municipal bonds, made in China's financial markets to increase the proposed issuance of municipal bonds.
Firstly, the municipal bonds by domestic and foreign literature related content based on the research, described the basic concept of municipal bonds and the nature, then by the introduction of foreign and domestic municipal bond municipal bond market, a general analysis on municipal bonds are briefly described.
Then in the following chapters explain the necessity of issuing municipal bonds and feasibility. Separately from the role of municipal bonds, the importance of issuing municipal bonds, on the status of China's economic analysis and eva luation of the four main aspects to explain.
This team also developed through experience in the operation of municipal bonds to the United States, the U.S. municipal bond market through the introduction, methods of analysis using a series of municipal bond issuance necessary to market conditions.
Through the analysis of the developing countries try to sum up good, put forward for China in the past operation of the municipal bond program. The program includes the basic principles of municipal bonds issued to protect the mechanisms and risk control. Finally, the article on China's western development the Local Government to conduct .
A brief analysis of the case, to prove the necessity of issuing bonds, and the feasibility of local governments, to demonstrate this to provide examples of the topics to strengthen the argument of the article. The conclusion of this entire article summarizes the main ideas and arguments put forward issues and directions for future research, pointing out the defects and deficiencies this paper.
KEYWORDS：municipal bond, local government financing, feasibility research, necessity research
