作为重要的直接融资手段，企业债券一度以其相对较小的风险和较高的利息率，受到中国投资者和企业的青睐。虽然没有股市和国债市场那般风光，但企业债券市场近年来扩容速度也很快。据保守估计，目前仅东北三省的发债企业就超过600家，债券余额近100亿元。勿庸置疑，债券融资为 As an important means of direct financing, corporate bonds were once favored by Chinese investors and enterprises with their relatively small risks and high interest rates. Although there is no such thing as the stock market and treasury bond market, the corporate bond market has expanded rapidly in recent years. According to conservative estimates, there are currently only over 600 issuers in the three northeastern provinces with a balance of nearly 10 billion yuan. Undoubtedly, bond financing is