Economic development needs financial support, and one of the main supports of financial support is financing. There are many ways and channels of financing. For enterprises, bonds can be issued at the same time of financing, which can be divided into corporate bonds and corporate bonds. Both seem to be ties, but there are still many differences.
The so-called corporate bonds mean that joint-stock companies issue bonds to the public to raise funds; Corporate bonds refer to securities issued by domestic enterprises with legal personality in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time.
First, the issuers of the two are different. Corporate bonds are bonds issued by joint stock limited companies, and the issuers are listed companies and limited liability companies; Corporate bonds are bonds issued by institutions affiliated to central government departments, wholly state-owned enterprises or state-controlled enterprises.
Second, the issue conditions are different. The funds raised by corporate bonds must be used for fixed purposes and shall not be used for other unrelated purposes. The issuance of bonds convertible into shares by listed companies must be approved by the CSRC. The issuance conditions of corporate bonds will be relatively loose and profitable in the past three years.
Third, the distribution procedures are different. Corporate bonds must be approved by the CSRC, while corporate bonds are approved by relevant departments, mainly including the People's Bank of China and relevant departments.
Fourth, they have different legal bases. Corporate bonds are mainly regulated according to the Company Law and the Securities Law, and corporate bonds are mainly regulated through the Regulations on the Administration of Corporate Bonds.
Corporate bonds and corporate bonds are different in many ways, but they are closely related, both for injecting funds into enterprise management and promoting enterprise development. If you want to invest in corporate bonds or corporate bonds, both have their own advantages. The key lies in what kind of requirements we have for the safety and income of investment, and choose the right investment according to our own requirements.