The conditions for issuing corporate bonds to be listed specifically include:
1, and the bond interest rate shall not exceed the interest rate level stipulated by the State Council;
2. The investment of raised funds conforms to the national industrial policy;
3. The issuer shall employ a bond trustee to hold bonds and sign a bond trustee management agreement. The trustee shall be the underwriting institution of this offering or other institutions recognized by the State Council Securities Regulatory Authority.
Legal objectivity:
Securities Law of People's Republic of China (PRC) (revised on 20 19).
Article 92
Where corporate bonds are publicly issued, a bondholders' meeting shall be established, and the procedures, meeting rules and other important matters of the bondholders' meeting shall be explained in the prospectus.
Where corporate bonds are publicly issued, the issuer shall employ a bond trustee for the bondholders and sign a bond trustee management agreement. The trustee shall be the underwriting institution of this offering or other institutions recognized by the the State Council securities regulatory authority, and the bondholders' meeting may decide to change the bond trustee. The bond trustee shall be diligent and conscientious, and shall not harm the interests of bondholders.
If the bond issuer fails to pay the principal and interest of the bond on schedule, the bond trustee may accept the entrustment of all or part of the bondholders and file and participate in civil litigation or liquidation procedures on behalf of the bondholders in his own name.