(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 total amount of accumulated bonds shall not exceed 40% of the company's net assets. If corporate bonds have been issued, the previous corporate bonds have not been fully raised, or the issued corporate bonds have the fact of default or delay in repayment of principal and interest, and are still in a continuous state, even if the accumulated total amount does not exceed 40% of the company's net assets, corporate bonds may not be issued again.
(3) The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year.
(4) The investment of raised funds conforms to the national industrial policy, and the funds raised by various corporate bonds must be used for the purposes approved by the examination and approval authorities, and shall not be used to make up for losses and unproductive expenditures.
(5) The bond interest rate shall not exceed the interest rate level stipulated by the State Council.
(six) other conditions stipulated by the State Council.