Research On Prevention And Control Of Bond Default Risk Of Listed Companies

Since the ministry of Finance resumed issuing bonds,the development of China’s bond market has made great progress,but with the development of the bond market,bond default has become more and more common.Bond default not only causes heavy losses to investors,but also hinders the development of bond market to some extent.Therefore,it is particularly important to construct an all-round,multi-level and three-dimensional bond default prevention and control mechanism.This paper studies the default cases of ultra-short-term financing bonds(18 eagle SCP001)issued by Chuying agro-pastoral Group Co.,Ltd in 2018,On the basis of financial market theories such as financial crisis theory,asymmetric information theory and other financial market theories,z-score model was used as an auxiliary tool to comb the current situation of China’s bond market,and in-depth analysis was made on the beginning and end of the ultra-short-term bond default of foal eagle agriculture and animal husbandry company,and real-time attention was paid to the subsequent disposal of the ultra-short-term bond default of foal eagle agriculture and animal husbandry company.Based on the case of the ultra-short-term bond default of foal eagle agriculture and animal husbandry,the paper constructs a bond default risk prevention and control mechanism for the third-party intermediary of the issuing body supervision institution,and puts forward Suggestions for bond investors to prevent bond default risk.After that,the paper summarizes the full text,summarizes the reasons for bond default of foal eagle agriculture and animal husbandry company,and puts forward the conception of constructing the prevention and control mechanism of bond default risk of listed companies in view of the frequent occurrence of bond default.The purpose of this paper is to provide some reference for similar companies in the industry.