Legal analysis: Debt financing, also called bond financing, is a financing method that uses external funds of the enterprise for a fee. Including: bank loans, bank short-term financing (bills, accounts receivable, letters of credit, etc.), corporate short-term financing bonds, etc. Features: 1. Compared with bank loans, bond financing costs are low. 2. Bank loans are limited by term and amount. 3. The company has sufficient expected cash flow. 4. The company’s equity has not been diluted.

Legal basis: "Company Law of the People's Republic of China" Article 153 The term "corporate bonds" as mentioned in this Law refers to the company issuing in accordance with legal procedures and agreeing to repay the principal within a certain period of time. interest-bearing securities.

A company's issuance of corporate bonds shall comply with the issuance conditions stipulated in the Securities Law of the People's Republic of China.