China Bonds Defaults Research

Recent years,with the economic development,China's capital market has also been rapid development,especially in China's bond market stocks and types have increased significantly,the current stock size has been ranked the forefront of the world.But what is undeniable is that the bond market in our country there are still many problems,and frequent defaults in recent years also exposes these problems step by step.This paper puts forward a series of suggestions on the bond market in china,which is based on the introduction and analysis of the default events of “Xiang e bond”and “Chao Ri bond”.Specifically,the thesis is divided into four parts.The first part is the introduction.Firstly,the research background,purpose and significance of the paper are introduced.Secondly,the relevant literatures of Chinese and foreign literatures are summarized and summarized.Finally,the research contents,structure and methods of the paper are briefly described.The second part is the case,this section is divided into basic company profile and band introduces main content of the two parts.The third part is the analysis of the causes and consequences of default,which is the key part of the thesis.Default reasons include two parts,external cause and internal cause.The external cause includes industry environment and intermediaries.Internal cause including corporate governance and financial conditions.The fourth part of the article is the enlightenment of xiang e bond case,the market should built a multidimensional credit risk prevention system based on each market subject and this chapter mainly from the three aspects to provide advice.The default of “Xiang e bond” finally got a perfect solution.But this incident once again sounded the alarm for all,we need to pay attention to the risks after it.The risks posed by bond defaults require common concern,including bond issuers,bond investors and intermediaries.At the same time,the occurrence of bond default has also put forward higher requirements to bond regulators.The relevant institutions should give full play to their supervisory and management functions and maintain the healthy and orderly development of China's bond market.