This paper applies the balance sheet approach and the contingent claim approach to assess the credit risk of publicly-listed non-financial corporate sector in China,the study shows that though economy rapid development hide it,the credit risk of corporate sector in China has been increasing.

Capital market, financial enterprises on market and accounting system reform in China;

Evaluating an unlisted company in merging;

Therefore,it is significant for non-financial enterprises to set up a financial risk managing system,and to control and manage the financ.

On the Research of Unlisted State-Owned Enterprises Acquisition by Foreign Investment in China: Laws and Regulations;