A Case Study Of Dandong Port Group Bond Default

China's bond market is closely related to China's economic growth.On the one hand,the total economic volume and bond balance have surpassed Japan formally since 2010 and mid-2008,becoming the second largest economy and bond market in the world.At the same time,with the economic growth decelerating and shifting gears,China's public bond market defaulted and showed an accelerating trend.Since 2018,along with the downturn of the economic cycle,the financing of enterprises is hindered and other comprehensive factors,credit default incidents occur frequently.From the classification of bonds,there are cases of default in corporate bonds,corporate bonds and medium-term bills;from the type of default,default of private enterprises gradually spread to state-owned enterprises.This thesis combs the beginning and end of Dandong Port Group's bond default event,analyses the deepseated policy adjustment behind the default,industry situation,internal operation and management of enterprises and other factors,explores the causes of corporate bond default and puts forward corresponding suggestions.The decline of bond default rate plays an important role in the steady and longterm development of China's bond market.The core suggestions include: policy suggestions to further smooth the financing channels of private enterprises;bond issuance suggestions to enterprises to identify development strategies,attach great importance to industry operating risks,improve the enterprise's own financial management model,and attach importance to corporate cash flow.