1. The net assets of a joint stock limited company shall not be less than RMB 30 million, and the net assets of a limited liability company shall not be less than RMB 60 million.
2. The total amount of accumulated bonds shall not exceed 40% of the net assets.
3. The company's 3-year average distributable profit is enough to pay the interest of corporate bonds 1 year.
4. The investment of raised funds conforms to the national industrial policy.
5. The bond interest rate shall not exceed the interest rate level stipulated by the State Council.
legal ground
Article 153 of the Company Law: The concept and issuance conditions of corporate bonds. The term "corporate bonds" as mentioned in this Law refers to the securities issued by the company according to legal procedures and agreed to repay the principal and interest within a certain period of time.
The issuance of corporate bonds by a company shall conform to the issuance conditions stipulated in the Securities Law of People's Republic of China (PRC).