国债与企业债有哪些核心区别？

Group 1 - The core difference between government bonds and corporate bonds lies in the issuing entities, with government bonds issued by the central government and corporate bonds by legally established corporations [1] - Government bonds are considered low-risk investments due to their reliance on national credit, while corporate bonds carry varying levels of credit risk based on the issuing company's financial stability [1] - Typically, government bonds offer lower yields compared to corporate bonds, as investors in corporate bonds must accept higher credit risks, leading issuers to provide higher returns [1] Group 2 - Government bonds generally have higher liquidity in the secondary market, allowing for easier trading, whereas corporate bonds' liquidity is influenced by factors such as issuance scale and credit ratings [2] - The primary purpose of issuing government bonds is to cover fiscal deficits and fund national projects, while corporate bonds are mainly issued to meet operational needs like capacity expansion and debt repayment [2]