A Study Of Bond Default For Yongtai Energy Company

From the end of nineteenth Century to the present,the rapid development of China’s bond market has exposed many problems and loopholes,and bond default is one of them.In order to stabilize the financial market and improve the bond market system,we need to strengthen the attention on bond default,and then find effective measures to prevent it。Bond market is an important part of the capital market,and bond default is also an inevitable thing of the bond market.In order to understand the default situation of Chinese market,this thesis mainly discusses the management and control methods of bond default through studying the cases of Yongtai Energy Bonds.The first part is the introduction,which introduces the research background,significance,content,overall framework and literature review of the article.The second part talks about the concept and default of Chinese bonds.This thesis first introduces the concept of bond default,the different types and consequences of default,and then describes the relevant contents of the bond default in the Chinese market as a whole,including the history,the factors of default and disposal methods,as well as the situation of energy industry in bond default.Then the third part starts with the case,and describes in detail the history of the company’s development,the characteristics of its industry and the process of its default.Secondly,the causes of breach of contract are analyzed,which are mainly divided into internal corporate earnings and management problems and external macroeconomic and market policy changes.This leads to the fourth part of the discussion on how to solve the problem of bond default.This thesis first summarizes the solutions to implement the implementation of energy resources,and then analyzes the factors that affect the enterprises’ handling of bond default.Finally,it puts forward some suggestions for improving the debt default of the energy company,which is mainly divided into the strengthening of internal company management and the improvement of external issuance,supervision and management.The last part is the conclusion and outlook of the study.It summarizes the important conclusions of the article and gives some opinions on the future situation of market bond default.