摘要
2014年以来,我国债券违约频发,违约数量和违约金额不断创出新高,在存量债券集中到期,金融去杠杆、打破刚兑的市场环境下,企业融资环境不断恶化,企业债券违约风险逐步加大。债券违约对债券投资机构及发行主体融资等有重大影响,探索如何构建完善我国债券投资管理体系、防范和化解债券投资风险具有一定的现实意义。
Since 2014,in the market environment of frequent bond defaults,the number and amount of default constantly hitting new highs,centralized maturity of existing bonds,financial deleveraging and breaking the rigid payment,the financing environment of enterprises has been deteriorating,and the risk of corporate bond default has gradually increased.Bond default has a significant impact on the financing of bond investment institutions and issuers.It is of practical significance to explore how to construct and improve the bond investment management system and prevent and resolve the risk of bond investment.Taking China’s bond market as an example,this paper analyzes the shortcomings of China’s bond market and the characteristics of default bonds,and puts forward relevant countermeasures and suggestions to improve China's bond investment management system and bond investors’bond investment risk management.
作者
鲍俊颖
BAO Jun-ying(Department of Mathematics and Information Engineering,Chongqing University of Education,Chongqing 400067,China)
出处
《宝鸡文理学院学报（社会科学版）》
2021年第2期48-53,共6页
Journal of Baoji University of Arts and Sciences：Social Science Edition
基金
重庆第二师范学院校级科研项目:基于大数据分析的巨灾债券定价模型的实证研究(项目编号:KY201728C)。
关键词
风险管理
债券违约
风险特征
risk management
bond default
risk characteristics
