Corporate bonds in China are different from these in the following aspects: (1) The issuers are different: corporate bonds are mainly issued by large enterprises; The issuers of corporate bonds are not limited to large companies. (2) The issuance method and the issuance examination method are different: enterprise bonds adopt the examination and approval system or the registration system; The issuance of corporate bonds adopts the approval system, and the issuance audit Committee system and sponsorship system are introduced. (3) the guarantee requirements are different: most corporate bonds are guaranteed, and some projects are also the main ones; The use of funds raised by corporate bonds is not tied to projects, including those approved by the shareholders' meeting, such as repayment of bank loans, improvement of financial structure, etc., nor is it mandatory to guarantee, but a credit rating method is introduced. (4) Different pricing methods: the interest rate of corporate bonds shall not be higher than 40% of the bank's resident time deposit interest rate for the same period; The interest rate or issue price of corporate bonds shall be determined by the issuer through market inquiry.