Legal basis: Article 16 of the Securities Law of People's Republic of China (PRC) applies for public issuance of corporate bonds, and the following documents shall be submitted to the department authorized by the State Council or the securities regulatory agency of the State Council: (1) Business license of the company; (2) Articles of association; (3) Measures for raising corporate bonds. (4) Other documents as prescribed by the authorized department of the State Council or the securities regulatory authority of the State Council. Where a sponsor is hired in accordance with the provisions of this law, a letter of recommendation for issuance issued by the sponsor shall also be submitted.
Article 66 of the Company Law of People's Republic of China (PRC) * * * A wholly state-owned company does not have a shareholders' meeting, and the state-owned assets supervision and administration institution shall exercise its functions and powers. The state-owned assets supervision and administration institution may authorize the board of directors of the company to exercise part of the functions and powers of the shareholders' meeting and decide on major issues of the company, but the merger, division, dissolution, increase or decrease of registered capital and issuance of corporate bonds of the company must be decided by the state-owned assets supervision and administration institution; Among them, the application for merger, division, dissolution and bankruptcy of an important wholly state-owned company shall be examined by the state-owned assets supervision and administration institution and reported to the people's government at the same level for approval. The important wholly state-owned companies mentioned in the preceding paragraph shall be determined in accordance with the provisions of the State Council.