Research On The Corporate Bondholder Meeting System

The high-speed development of China's bond market is accompanying the high frequency of bond defaults,the nature of the high risk of default and bondholders to in the natural weak position,so in order to protect the rights and interests of the holders,and our country trustee system and bondholders conference system to construct the protection mechanism of the interest of the company's bondholders.The bond holder meeting system is the core component of the bond market investor protection system.It is not only the formation mechanism of the group intention,which can make decisions on specific matters and authorize the trustee to perform functions within the scope of authority,but also plays the role of protecting the collective rights and interests of the holders.Although the 2020 stock market ushered in the large-scale reform,greatly refine the various regulations,for the first time in the revised "securities law" established the legal status of the bondholders meeting,but compared to the outside of the mature experience,bondholders protection mechanism in our country is still not mature enough,there are many defects,there are all kinds ofproblems,such as the system of two core responsibilities are not clear the specific division,a trustee under entrusted relations system to some extent,limits the trustee,and the formation mechanism of bondholders meeting resolution and,to a certain extent hindered the group meaning form in time,For example,there is no effective remedy for dissenting resolutions.Therefore,under the current fiduciary structure,it is necessary to comprehensively improve the holders' meeting system in order to effectively protect the interests of bondholders.Therefore,this paper focuses on the core concept of corporate bondholders' meeting system,which is divided into five chapters.The first is the introduction,which is mainly about the background of the topic and its practical value.Followed by the body,in the first chapter of the paper mainly analyzes the risks to bond holders,including bond default risk normalized and bondholders the weakness of the natural risk,the second chapter is to correct the weak position of risk value analysis,the necessity of the third chapter is about the present stage of our country company bondholders conference system defects,including two core system of division of labor is unknown,objection relief path by the holder of the openings,etc.,the fourth chapter through the introduction of the bondholders conference system of countries outside the legislative design,design reference enlightenment effect on our country's system,The fifth chapter puts forward some Suggestions to improve the rights system of our bond holder meeting system.The final part is the conclusion,which summarizes and concludes the research.