This article was written with some reference significance, and was reprinted for fear that the original text would be deleted. Original address: https://zhuanlan.zhihu.com/p/683147780 Original author: https://www.zhihu.com/people/ji-mo-qing-cai-sheldon Big country finance is reflected in institutions, markets, talents and other aspects The bond market of a country is far better than the stock market, not only because