Bond underwriting bidding determines how the lead underwriter and joint underwriter sign the contract.

1. The lead underwriter conducts interviews and negotiations with potential joint underwriters to discuss cooperation details, responsibility allocation, salary structure and other matters.

2. Terms of consultation and cooperation.

3. The lead underwriter prepares the draft bond underwriting contract.

4. The legal adviser or lawyer reviews the draft contract to ensure the legality and validity of the contract terms.

5. When both sides of the draft are satisfied, the lead underwriter and the joint underwriter will formally sign the contract.

6. After the contract is signed, the lead underwriter and the joint underwriter will perform their respective responsibilities and obligations in accordance with the contract and participate in the underwriting and sales of bonds.