有“准市政债”之称的城投债一直被看作典型的低风险、高收益品种。年中,在财政和货币政策双双收紧的压力下,一些地方城投公司项目出现违约风险——先是上海融资平台之一申虹投资公司被曝债务逾期;紧接着云南最大的融资平台云投集团因违约风险而取消发债。分析人士认为,这是城投债违 Urban bonds that have a “quasi municipal bond” have long been regarded as typical low-risk, high-yielding varieties. In the middle of the year, under the pressure of both fiscal and monetary policies tightening, the risk of default in certain projects of local city investment companies was exposed at some localities. First, Shenhong Investment Company, one of Shanghai’s financing platforms, was exposed for debt overdue. Next, Yunnan Investment Group, the largest financing platform in Yunnan Province, Canceled debt due to default risk. Analysts believe that this is the city voted debt