2. Among the four subjects that can issue corporate bonds, it is a common rule that a joint stock limited company can issue corporate bonds, while a limited liability company, as the issuing subject, requires large scale, reliable reputation and supports its normal development.
3. The issuance of bonds by companies is a kind of borrowing from the society, and this kind of debt has the same risk of being unable to repay as other debts. Therefore, in order to protect the interests of subscribers, the issuer should have a certain solvency and disclose all the property status so that subscribers can make their own judgments based on accurate information. Generally speaking, a joint stock limited company has a large number of shareholders and a relatively large capital scale, and has the basic strength to repay debts.