Legal analysis: First, government bonds, mainly guaranteed by government credit, do not need mortgage guarantee, and have the highest credit rating. Therefore, as a bond with strong liquidity and stable income, national debt is a common bond subject in the market at present. There are two main issuers: central government bonds and local government bonds. The second is financial bonds, which are mainly issued by banks and non-bank financial institutions. Due to the strong financial strength of financial institutions, they can generally serve as social credit intermediaries. Therefore, financial bonds generally have a good reputation. At present, financial bonds are mainly issued by policy banks such as China Development Bank, Export-Import Bank and Agricultural Development Bank. Third, corporate bonds, it goes without saying, can be seen from the name that the issuer is a company, which is generally raised for business needs. Generally speaking, the issuer's company must participate in the credit rating and reach a certain rating before issuing bonds. Relatively speaking, the risk coefficient of corporate bonds is relatively large, and the natural income will be higher.
Legal basis: Article 16 of the Securities Law applies for public issuance of corporate bonds, and the following documents shall be submitted to the department authorized by the State Council or the securities regulatory authority in the State Council: (1) Business license of the company; (2) Articles of association; (3) Measures for raising corporate bonds. (4) Other documents as prescribed by the authorized department of the State Council or the securities regulatory authority of the State Council. Where a sponsor is hired in accordance with the provisions of this law, a letter of recommendation for issuance issued by the sponsor shall also be submitted.