【弘则固收叶青：加速到期条款存续个券筛查及风险防范】弘则固收叶青发表研报，山西建投案例利用加速到期条款按面值提前兑付债券，暴露了城投企业在财政压力下的风险转嫁手段。城投进入精细算账时代，投资者需警惕条款漏洞带来的隐性风险。投资决策应关注项目真实财务回报和债务可持续性，而非仅依赖条款保护。当前市场仍建议布局1-5年AA级及以上信用债，降准降息预期下更稳健的投资机会。

金融界2025-04-30

弘则固收叶青发表研报，山西建投案例利用加速到期条款按面值提前兑付债券，暴露了城投企业在财政压力下的风险转嫁手段。城投进入精细算账时代，投资者需警惕条款漏洞带来的隐性风险。投资决策应关注项目真实财务回报和债务可持续性，而非仅依赖条款保护。当前市场仍建议布局1-5年AA级及以上信用债，降准降息预期下更稳健的投资机会。

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