Case Analysis Of Series Default Of Northeast Special Steel Bond

The bond market is the main part of the capital market and continues to drive the progress of China's capital market.When the Chinese economy enters a new normal state,the operational risks and financial risks accumulated during the economic boom period,bond risks need to pay more attention.In March 2014,the “11 Super Day Debt” suffered a substantial breach of contract,breaking the rigid payment pattern of China's bond market.On March 28,2016,the “Dongbeite Steel CP001” bond defaulted and was the first defaulted public bond.Afterwards,there were many default events in the bond market,involving a wide variety and a large scale of default.Therefore,the study of this case is representative of the development of China's bond market and state-owned enterprise bonds,and can provide reference for the credit risk research of China's bonds.The thesis mainly includes the following parts: The first part is the introduction,which describes the background and significance of the topic,the framework and research methods,as well as the innovations and deficiencies.The second part is the introduction of the case,including the basic situation of Northeast Special Steel and the debt situation.The debt default situation and the debt restructuring process;the third part is the analysis of the series of bond default cases,which are analyzed from the reasons,influence,bankruptcy reorganization analysis and other issues.The fourth part is the countermeasures and suggestions,including the bond stakeholders,Countermeasures and recommendations from regulatory bodies and rating agencies.