What is a Bond Ordinance?

In order to strengthen the management of corporate bonds, guide the reasonable flow of funds, and protect the legitimate rights and interests of investors, the State Council issued the "Interim Regulations on the Management of Corporate Bonds" on March 27, 1987. With the expansion of the size of the corporate bond market, the State Council issued the "Regulations on the Administration of Corporate Bonds" (hereinafter referred to as the "Regulations") on August 2, 1993 by Order No. 121 of the State Council of the People's Republic of China. The Interim Regulations on the Administration of Corporate Bonds was repealed at the same time.

Regulations on the management of corporate bonds

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To strengthen the right
The Regulations of the State Council on Abolishing and Modifying Some Administrative Regulations issued on January 8, 2011 carried out the regulations.
The "Administrative Regulations on Corporate Bonds" are hereby promulgated and will come into effect on the date of issuance. The "Interim Regulations on the Administration of Enterprise Bonds" promulgated by the State Council on March 27, 1987 was repealed simultaneously.
Regulations on the management of corporate bonds
(August 2, 1993
The amendments to the "Regulations on the Administration of Corporate Bonds" have been included in the State Council's 2006 key legislative projects. According to sources, after the amendment of the "Regulations", corporate bond issuance will be removed from the plan, and the determination of the issue price and interest rate will move towards marketization. At the same time, the issuance of corporate bonds will be changed from the approval system to the approval system, and the threshold for corporate bond issuance will also be lowered. The revised Regulations on the Administration of Enterprise Bonds will replace the original Regulations on the Administration of Enterprise Bonds issued by the State Council in 1993.

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