Legal analysis: There are three differences between long-term creditor's rights and short-term bonds: 1 and different time. The term of short-term bonds is generally 1 year, and the term of long-term bonds is generally greater than1year; 2. Different characteristics. Long-term bonds have a long repayment period and poor liquidity, so it is difficult to convert them into cash. Short-term bonds have strong liquidity, low risk and low yield; 3. Different roles. Short-term bonds can regulate currency circulation and stabilize financial markets. Long-term creditor's rights can obtain long-term stable funds.
Legal basis: Article 9 Financial bonds invested by insurance institutions include central bank bills, policy bank financial bonds, policy bank subordinated bonds, commercial bank financial bonds, commercial bank subordinated bonds, commercial bank subordinated debts, insurance company subordinated debts and RMB bonds of international development institutions.