中国的可转债市场在经历了十余年的沉寂之后,近几年正在进入一个高速发展期。作为一种中间性的投融资工具,可转债市场体系的繁荣和发展有利于解决我国资本市场存在的股权融资比例过高、投资品种匮乏和金融创新困难等问题,也有利于中国资本市场的成熟、完善和金融风险的化解。本文将从发行人的角度对我国可转换债券存在的风险进行较为详细的分析,并在此基础上提出一些风险管理的对策,以期通过全面有效的风险管理来达到规避一定风险的目的。 After more than ten years of silence, China’s convertible bond market is entering a period of rapid development in recent years. As an intermediate investment and financing tool, the prosperity and development of the convertible bond market system is conducive to solving the problems of excessively high proportion of equity financing in China’s capital market, lack of investment varieties and difficulties in financial innovation, and is also conducive to China’s capital market Mature, perfect and financial risks to resolve. This article will analyze the risk of convertible bonds in China in detail from the issuer’s point of view, and on this basis, put forward some measures of risk management in order to achieve a certain risk through a comprehensive and effective risk management.