本文结合当前我国信用债券市场违约频繁发生,并由民企向国企蔓延的现实情况,分析了美国、韩国及日本发生债券市场危机时风险产生的原因及其对国民经济的影响,梳理其风险传导机制及政府为应对危机所采取的措施,在此基础上总结了这些危机的共性特征,提出防范我国债券市场重大风险的相应措施。 In this paper, the current default situation of China’s credit bond market frequently occurs and the actual situation of private enterprises spreading to state-owned enterprises is analyzed. The causes of the risks in the bond market crisis in the United States, South Korea and Japan and their impact on the national economy are analyzed. The risk transmission mechanism And measures taken by the government to deal with the crisis. On this basis, the common characteristics of these crises are summarized and relevant measures are put forward to prevent the major risks in the bond market in our country.