legal ground
Article 2 of the Measures for the Administration of Issuance and Trading of Corporate Bonds
In People's Republic of China (PRC), corporate bonds are publicly issued and traded on the stock exchange and the national share transfer system for small and medium-sized enterprises, while corporate bonds are privately issued and transferred on the stock exchange, the national share transfer system for small and medium-sized enterprises and the counter of securities companies. Where there are other provisions in laws and regulations and China Securities Regulatory Commission (hereinafter referred to as China Securities Regulatory Commission), those provisions shall prevail. The term "corporate bonds" as mentioned in these Measures refers to the securities issued by the company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time.
essay
Corporate bonds can be issued publicly or privately.
Article 4
Issuers and other information disclosure obligors shall perform their disclosure obligations in a timely and fair manner, and the information disclosed or submitted must be true, accurate, complete, concise, clear and easy to understand, and there shall be no false records, misleading statements or major omissions.