Who is required by law to supervise the issuance of corporate bonds?

Legal analysis: the issuance, trading, registration and settlement of corporate bonds are subject to the administrative supervision of the CSRC; China Securities Industry Association implements post-event filing and negative list management of industry self-regulatory organizations for non-public issuance of corporate bonds; The exchange and China Securities Depository and Clearing Corporation shall be responsible for the self-regulatory supervision of the China bond market according to their respective responsibilities.

Legal basis: Article 179 of the Criminal Law of People's Republic of China (PRC), who issues stocks or bonds of companies or enterprises without the approval of the relevant competent departments of the state, and the amount is huge, the consequences are serious or there are other serious circumstances, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention, and shall also, or shall only, be fined not less than 1% but not more than 5% of the amount illegally raised. Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention.