What are the conditions for a company to issue corporate bonds?

I. Conditions for Issuance Corporate bonds refer to loan certificates issued by joint-stock companies for additional capital within a certain period of time (such as 10 or 20 years). According to the relevant provisions of the Securities Law, the Company Law and the Pilot Measures for the Issuance of Corporate Bonds, the issuance of corporate bonds shall meet the following conditions: 1, the net assets of a joint stock limited company shall not be less than RMB 30 million, and the net assets of a limited liability company shall not be less than RMB 60 million; 2. The accumulated balance of corporate bonds after this issuance shall not exceed 40% of the net assets at the end of the latest period; The accumulated corporate bond balance of financial companies is calculated according to the relevant provisions of financial companies; 3. The company's production and operation comply with the provisions of laws, administrative regulations and the company's articles of association, and the investment of raised funds conforms to the national industrial policy; 4. The average annual distributable profit realized in the last three fiscal years shall not be lower than the interest of corporate bonds 1 year; 5. The bond interest rate shall not exceed the interest rate level stipulated by the State Council; 6. The company's internal control system is sound, and there are no major defects in the integrity, rationality and effectiveness of the internal control system; 7. The credit rating agency has a good credit rating on the bond. Two. Conditions for Non-issuance A company may not issue corporate bonds under the following circumstances: 1. The previous public offering of corporate bonds has not been fully raised; 2. The fact that the company breaches the contract or delays the payment of the principal and interest of the issued corporate bonds or other debts is still in a continuous state; 3. In violation of regulations, change the use of funds raised by public offering of corporate bonds; 4. There are false records in the financial accounting documents of the company in the last 36 months, or the company has other major illegal acts; 5. There are false records, misleading statements or major omissions in the application documents for this issuance; 6. Other circumstances that seriously damage the legitimate rights and interests of investors and the interests of the public. 7. According to Article 16 of the Securities Law, the funds raised from the public offering of corporate bonds must be used for approved purposes, and shall not be used to cover losses and unproductive expenditures. When issuing corporate bonds, relevant companies in China need to meet the relevant requirements of China market laws. The company needs to meet the requirements here when issuing. The assets issued by the company need to reach a certain amount, and the relevant operating profit amount needs to meet the corresponding requirements I have met. Issue such corporate bonds.