What are the consequences of a listed company's bond default?

Legal subjectivity:

If a listed company defaults on its debts, the defaulting party shall bear the corresponding liabilities for breach of contract. If not, the creditor can bring a lawsuit to the court, and the litigants need to prepare a complaint and submit it to the people's court with jurisdiction.

Legal objectivity:

Article 3 of the Company Law A company is an enterprise legal person, with independent legal person property and legal person property rights. The company is liable for its debts with all its property. Shareholders of a limited liability company shall be liable to the company to the extent of their subscribed capital contribution; Shareholders of a joint stock limited company shall be liable to the company to the extent of the shares subscribed by them.