Paper market is one important part of the money market . in recent years , chinese paper market is being developed quickly , and has been formed regional paper market . but , compared to the economy developed countries , there are still many problems needed to be resolved urgently , such as the variety of paper , the function ’ s tapping , and the consciousness of investors , relevant laws and the supervision of financial setup 随着经济生活的日益发达,票据制度也越来越发达,这不仅表现在票据种类的增加,还表现在票据制度构造上更加精巧。票据融通就是一种具体表现行为。融通票据将票据的信用功能和融资功能发挥到极至。