The Key Issues And Short-term Financing Bonds Issued

As China's economic growth pattern and degree of market improvement, the overall size of China's bond market expanded rapidly. 2005 launch of the inter-bank bond market began to short-term financing bills, with its low cost, fast program, will help to enhance the corporate image and management advantages of widespread concern and support for rapid development.Short-term financing bills issuance requirements and procedures are appropriate. How to deal with key issues in the release process is conducive to a successful issue is the basic purpose of this writing. Specifically, this paper, the short-term financing bills issued to collate and summarize the whole process, combined with case studies, collate and analyze the key issue lies in the problem and propose concrete action proposals in the hope of short-term bonds issued by enterprises operating in practice with reference significance. This study used a comparative analysis of qualitative , case studies and other methods, and strive to release summarized the key issues and practical recommendations to solve problems and ideas.This paper is divided into six parts, the first describes the background and significance of research, this study raised the issue, and research and innovation of content and technology routes are described; second part of the main comparison of domestic and foreign short-term financing bills related studies; third part describes the overview of short-term financing bills, including basic knowledge, historical background and current status of our analysis of short-term financing bills, short-term financing bills summarize the advantages and limitations; fourth part, made the process of short-term financing bills issued The key problem, namely how to meet the requirements of short-term financing bond issuance conditions, how to choose the intermediary situation, how to reduce distribution costs, and how to do four key issues such as disclosure of information; the fifth part, to short-term financing bonds issued by the Group H all process, for example, describes the four key issues; the sixth part of the corporate short-term financing bills issued summarized the key issues and put forward some suggestions and strategies: First, to do their own preparation, including possible pre-release analysis, internal decision-making to prepare, improve internal management and close co-ordination; Second, selection intermediaries, including underwriters, rating agencies and the choice of accountants and law firms; Furthermore, the issue size to determine the reasonable amount, select the appropriate release time, in order to reduce distribution costs; Finally, the disclosure of information to do specification and follow-up management.