一、企业信用缺失是问题的根源 笔者认为,企业债券融资停滞不前的根本原因是我国企业的信用缺失及由此产生的“债券配合”。企业整体的信用质量决定着企业债券市场过去,现在和未来的发展。 (一)企业信用缺失使债券融资缺乏内在的发展动力。企业信用是指企业履行债务合约的主观愿望和客观能力。企业债券到期无法归还,从最终原因看无非是企 First, the lack of corporate credit is the root of the problem I believe that the root causes of corporate bond financing stagnation is the lack of credit in China's enterprises and the resulting “bond.” The overall credit quality of an enterprise determines the past, present and future development of the corporate bond market. (A) lack of corporate credit bond financing lack of intrinsic motivation. Corporate credit refers to the subjective desire and objective ability of an enterprise to fulfill its debt contract. Expiration of corporate bonds can not be returned, from the ultimate cause is nothing more than enterprises