Conditions for issuing corporate bonds

Legal analysis: the conditions for issuing corporate bonds: 1, and the net assets of joint stock limited companies and limited liability companies should be higher than RMB 30 million and RMB 60 million respectively; 2. The total amount of bonds is less than or equal to 40% of the net assets; 3. One-year interest on corporate bonds shall be paid by the average distributable profit in the past three years; 4. The investment of raised funds conforms to the national industrial policy; 5. The bond interest rate is within the interest rate range stipulated by the State Council; 6. Other conditions.

Legal basis: Article 161 of the Company Law of People's Republic of China (PRC), a listed company may issue corporate bonds convertible into shares upon the resolution of the shareholders' meeting, and the specific conversion method is stipulated in the Measures for Raising Corporate Bonds. When a listed company issues corporate bonds that can be converted into shares, it shall report to the the State Council Securities Regulatory Authority for approval. When issuing convertible corporate bonds, the words convertible corporate bonds shall be marked on the bonds, and the amount of convertible corporate bonds shall be stated in the corporate bond stub book.