What are the requirements for applying for listing of corporate bonds?

The listing of bonds means that bonds are traded on the stock exchange with the approval of the government management department. According to Article 57 of China's Securities Law, a company applying for listing and trading of corporate bonds shall meet the following conditions: (1) The term of corporate bonds is more than one year; (2) The actual amount of corporate bonds issued is not less than 50 million yuan; (3) When the company applies for listing bonds, it still meets the statutory conditions for issuing corporate bonds. In practice, Shanghai Stock Exchange and Shenzhen Stock Exchange have formulated basically the same bond listing rules respectively: (1) approved by the State Planning Commission and the People's Bank of China and publicly issued; (2) The actual bond issuance amount is more than 1 billion yuan (including 1 billion yuan); (3) The credit rating of the bonds shall not be lower than the condition of Grade A..