Enterprise bond is negotiable securities issued by an enterprise with the qualification of a corporation within the territory of China in accordance with legal procedures and agreed to have principal and accrued interest paid within a fixed term.

    Relevant laws and regulations: 《Securities Law》, 《Company Law, Regulations for the Management of Enterprise Bonds》, 《Notice of National Development and Reform Commission for Boosting Market Development of Enterprise Bonds and Simplifying the Approval Procedures for Issuance》, 《Notice of National Development and Reform Commission Office for Further Strengthening the Risk Prevention and Management of Enterprise Bonds》, and 《Notice for Giving Full Play to Financing Functions of Enterprise Bonds to support Construction of Key Project to promote Steady and Rapid Economic Development》.