Why is there a bill now?

Bill is a tool to replace cash for payment and settlement, which has incomparable advantages over cash. Bank drafts and promissory notes are issued by banks, which have high credibility and are easily accepted by buyers and sellers. However, with the development of electronic payment tools, the traditional bill settlement business should gradually decline.

The bigger the market, the more active the transaction, the smaller the price fluctuation and the more efficient the market. Therefore, on the basis of developing regional bill market in national central cities, a unified national bill market system for all financial institutions and enterprise legal persons should be established by expanding the functions of the national interbank lending network.

The more financial institutions participate in the bill market, the more the bill market interest rate can reflect the supply and demand of market funds, and the closer it is to the real market price. With relevant measures and regulatory measures in place, we should adhere to the principle of safety norms, relax access conditions, and attract more different types of financial institutions and enterprises into the bill market in a planned and step-by-step manner to increase the liquidity of commercial bills and increase the breadth of the bill market.