Research On The Bonds Default Of Listed Companies

The listed company as the main body of the national economy.Defaults in the bond market are very important,and the reputation of debtors and investors will be affected once a bond defaults.By the end of 2015,China’s bond market has appeared 10 GongMuZhai coupon defaults,credit bond investment risk has risen sharply.Market volatility and default of bring more risks to bond investments,xiang e qing was a catering enterprise with strong brand and market influence of the listed company,but it to issue corporate bonds due to credit conditions deteriorate gradually reduced to high-yield bonds,and became the first Chinese bond market principal defaults GongMuZhai vouchers.As a case,this article through to the xiang e qing corporate bond default process detailed review and comb,industry environment,as well as to the xiang e qing company business operation and financial status of the thorough analysis,the real reason of corporate defaults.At the same time,from the perspective of bond investment put forward swing trading strategy and portfolio trading strategy of combining the solution.The authors hope that through this case study,for the bond market participants to provide certain reference and reference.