This #china Wuhan University study proposes a Financial Event Evolution Knowledge Graph (FEEKG) to identify key risk sources by event association and clarify the path of #riskevents. The FEEKG has a multi-layer structure of "entity-event-risk" and includes a subgraph of about 112,000 entities and 78,500 relationships, an event evolution subgraph, and a dynamic evolution probability subgraph of topic risk events and risk types. The study analyzes the characters and rules of entity correlation, event evolution, and #risktransmission based on FEEKG and provides a new perspective for enterprises and #financialinstitutions to find the root of risks and formulate an effective #riskmanagement decision in time.