Enterprises’deleveraging is one of the important contents and key means to stabilize growth and prevent risks.Guided by complex adaptive system theory,balance theory and leverage principle,this paper deciphers the financial logic code of enterprises’deleveraging,comprehensively and systematically analyzes the financial connotation of enterprises’deleveraging,constructs the evolution and cycle model of enterprises’financial leverage and releasing financial leverage,portrays the enterprises’deleveraging financial process evolution and the ci...