What kind of listed companies need to issue corporate bonds?

1 Enterprises with insufficient cash flow and in urgent need of a large amount of liquidity, such as real estate companies, banks and listed companies, have large projects to start due to excessive lending and insufficient capital adequacy ratio.

2. This kind of enterprise operates steadily, with excellent performance in previous years and good solvency, otherwise it cannot issue bonds.

It's easy to get clues from the news. If GJ is in a period of tight money supply, it is difficult for real estate enterprises that need a lot of cash to borrow a lot from banks, but it is not a problem for powerful enterprises such as Vanke and Poly to issue bonds. If GJ releases a large amount of liquidity, major banks will lend a lot last year, and they will certainly rush to issue bonds in the coming year. Otherwise, the capital adequacy ratio is insufficient and the control of stock market refinancing is becoming more and more strict.