The present invention relates to: a novel process for the preparation of mesophasic polyborazylene. Said process is of particular value in that it affords a quality product from an appropriate polyborazylene, rapidly (virtually instantaneously), reproducibly and with a good yield. Furthermore, said process is easy to carry out. Said process comprises the preparation of polyborazylene by the polycondensation of borazine in a closed reactor and the addition, to said polyborazylene obtained by polycondensation, of a solvent selected from aromatic solvents, borazine solvents and mixtures thereof, mesophasic polyborazylene which is novel in that it is in the presence of a particular solvent and/or by virtue of its quality, the use of said polyborazylene of the invention, and/or prepared according to the invention, as a boron nitride precursor.