Legal basis: Article 16 of the Measures for the Administration of Issuance and Trading of Corporate Bonds. The public offering of corporate bonds shall comply with the relevant provisions of the Securities Law and the Company Law and be approved by the China Securities Regulatory Commission.
Measures for the Administration of Issuance and Trading of Corporate Bonds Article 22 A public offering of corporate bonds may apply for one-time approval and be issued by installments. The issuer shall complete the initial issuance within 0/2 months from the date of approval of the issuance by China Securities Regulatory Commission, and the rest shall be completed within 24 months. The prospectus for public offering of corporate bonds is valid for six months from the date of final signing. In case of installment issuance, the issuer shall timely disclose the updated prospectus of bond offering in subsequent issuance, and report it to the China Securities Regulatory Commission for filing within five working days after each issuance.