正确认识企业债券的风险及建立风险防范机制在企业债券发行中有着十分重要的意义。企业债券风险有３个层次的含义：第一层次的含义为发行债券的发行企业的风险；主要是财务风险，受发行企业本身的资产实力、募集资金投入项目的收益、经营管理水平等因素的制约。第二个层次的含 Correctly understanding the risk of corporate bonds and establishing a risk prevention mechanism are of great significance in the issue of corporate bonds. There are three levels of corporate bond risk implications: the first level of the meaning of the issuance of bonds issued by the company’s risk; mainly financial risks, by the issuing company’s own asset strength, raise funds invested in the project proceeds, management level and other factors Restrictions. The second level contains