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The public issuance of bonds by Chinese companies needs to meet the following requirements: the net assets of joint stock limited companies are more than 30 million, and that of limited liability companies is 60 million; The balance of bonds shall not exceed 40% of net assets (calculated by financial companies according to regulations); Comply with national laws and the Articles of Association, and the use of funds conforms to industrial policies; The average value of owner's equity in recent three years must be greater than the interest of one year; The company has sound internal control and good credit rating. The issuance shall be subject to professional credit evaluation.
#Financial insurance
1434 readings
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The transfer of corporate bonds can be registered or unregistered. Registered bonds shall be transferred by endorsement or legal means, and the transferee information shall be recorded in the stub book; The bearer bonds shall take effect upon delivery, and the transfer price shall be agreed by both parties. If the bonds are listed for trading, the rules of the exchange shall be followed to ensure the safety of fair trading.
#Financial insurance
1473 readings
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The crime of fraudulent issuance of stocks or corporate bonds refers to the act of deliberately concealing or tampering with key information to mislead the issuance of stocks or bonds. If the circumstances are serious, such as involving large amount, forging documents, refusing to return investment, misappropriating funds or using raised funds in violation of regulations, it will constitute a crime. A natural person can receive a maximum of five years' imprisonment and a fine of 1% - 5%. If a unit commits a crime, it will be fined and the person in charge will be investigated for five years' imprisonment or detention.
#Financial insurance
1132 readings
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Corporate bonds are paid debt certificates issued by a company in accordance with the law, representing the relationship between creditor's rights and debt, and legal proof that the holder enjoys economic rights and interests. As a marketable security, it has economic value, is widely recognized, can be used for transfer, and can provide the holder with fixed income (such as interest) or potential capital appreciation. Although the securities themselves have no value, they represent property rights, can be traded in the securities market, and have a clear par value and transaction price.
#Financial insurance
1483 readings