近年来,我国公司债违约的现象不断发生,这使得债权人的利益受到损失。虽然我国创新了信用缓释工具(CRM),但其效果并不明显。然而,已在国外发展成熟的信用违约互换(CDS)引入中国,将会对中国公司债有何影响呢?本文通过了解国内外有关学者对CDS的分析、对比美国和中国CDS的发展情况,然后得出中国CDS对公司债的积极和消极影响,并给出相关意见和建议。 In recent years, the phenomenon of default of corporate bonds in our country continues to occur, which results in the loss of creditors’ interests. Although our country has innovated the credit release tool (CRM), its effect is not obvious. However, the introduction of China into China, which has matured in foreign countries, will have an impact on Chinese corporate bonds. By analyzing the domestic and foreign scholars’ analysis of CDS and comparing the development of CDS in the United States and China, Then come to the positive and negative impact of China CDS on corporate bonds, and give relevant opinions and suggestions.