我国国债市场目前从运行上看,主要存在两大矛盾:一是国债市场的功能不全,二是管理非市场化。而若实行国债余额管理,可以在很大程度上缓解这两大矛盾:做到科学管理,将我国的国债市场逐步导入良性轨道。 At present, there are two major contradictions in the operation of China’s national debt market from the perspective of operation: one is the insufficiency of the government bond market, and the other is the non-market-oriented management. If the administration of the balance of national debts is implemented, the two major contradictions can be alleviated to a large extent: to achieve scientific management and to gradually bring our national bond market into a benign orbit.