发债作为一种中长期融资渠道,一定程度上缓解了券商的资金压力,但同时券商发债的担保和销售难题还将长期存在。事实上,在这些问题背后,更多的是对券商盈利模式和管理机制的担忧 Debt issuance as a medium and long-term financing channels, to a certain extent, eased the financial pressure on brokers, but at the same time, the problems of guarantee and sale of brokerage bonds will persist for a long time. In fact, behind these problems, there are more concerns about the profit model and management mechanism of securities companies