The NCDs are of short-term, large-denomination, transferrable and higher-return. The main reasons for its slow development are as follows： the control on interest rate, underdeveloped secondary market, imperfect financial infrastructure and the defects of NCDs itself. On this basis, after further analysing the current necessity and environment for reconstructing NCDs market, thereinafter combining with the lessons of history, this paper puts forward measures under the new circumstances： to further strengthen liquidity construction in the securities market; develop relevant laws and regulations for supervising the distribution and trading market; raise awareness of investors and banks in order to improve their involvements. Meanwhile, as for the shortcomings of NCDs itself, this paper proposes： NCDs should be transferred to anonymous ones, develop insurance business, determine reasonable ways to transfer and price for holders and so on.%大额可转让定期存单具有期限短、面额大、可以转让以及收益性高等优势。大额可转让存单市场的发展缓慢的主要原因是利率管制、证券交易二级市场不发达、金融基础设施不健全、大额存单本身的缺陷等。当前，重建大额可转让定期存单市场的有必要性和可行性。为此，应结合历史经验教训，提出了新形势下发展我国可转让定期存单市场的措施建议，即进一步加强证券流动市场的建设；制定相关法律法规，加强对发行和交易市场的监管力度；提高投资者和银行的认知度。同时，将大额可转让存单由记名变为无记名、发展保单业务、确定合理针对持有者的存单转让计价方式等。
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