Conditions for issuing corporate bonds:
1, and its net assets meet the statutory standards;
2. The total amount of accumulated bonds shall not exceed 40% of the company's net assets;
3. The average distributable profit in the last three years is enough to pay the interest of corporate bonds for one year.
4. Capital investment conforms to national policies;
5. The bond interest rate shall not exceed the interest rate level stipulated by the State Council;
6. Other conditions.
Legal objectivity:
Article 153 of the Company Law refers to the securities issued by the company in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time. The issuance of corporate bonds by a company shall conform to the issuance conditions stipulated in the Securities Law of People's Republic of China (PRC).