近年来,我国债券市场城投债的发行出现井喷现象,随着城投债发行规模的大幅增加,城投公司的整体债务规模急剧攀升,其债务总量超过了地方政府的财政收入水平,进而将引发城投债的信用风险。本文对我国城投债的发展、信用风险类型、信用风险来源等进行分析和研究。 In recent years, the issuance of city bonds in China’s bond market has seen a blowout. As the size of the issuance of the city bonds has increased substantially, the overall debt size of the city investment company has risen sharply. The total amount of its debt exceeds the level of the local government’s fiscal revenue. Will lead to the credit risk of the city bonds. This article analyzes and studies the development of China’s urban investment bonds, the types of credit risks, the sources of credit risk and so on.