一、债券的发行机制一种可行的方式是通过发行巨灾债券,集全民之力筹集资金,通过资本市场分散巨灾风险。巨灾债券是一种集普通债券和期权为一体的债券,一方面发行主体会根据发行的承诺按期还本付息;另一方面一旦触发机制得到满足, First, bond issuance mechanism A viable way is through the issuance of cat bonds, set the power of all people to raise funds to disperse the catastrophe risk through the capital market. Catastrophe bonds is a set of bonds and options as one of the bonds, on the one hand, the issuer will be issued under the promises of repayment of principal and interest on schedule; the other hand, once the trigger mechanism is met,