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与股票不同,企业债券有一个固定的存续期限,而且发行人必须按照约定的条件还本付息,因此,债券上市的条件与股票有所差异。为了保护投资者的利益,保证债券交易的流动性,证券交易所在接到发行人的上市申请后,一般要从以下几个方面来对企业债券的上市资格进行审查。(1)债券发行量必须达到一定的规模。这是因为,如果上市债券流通量少,就会影响交易的活跃性,而且价格也容易被人操纵。(2)债券发行人的经营业绩必须符合
Unlike stocks, corporate bonds have a fixed duration, and the issuer must repay the debt in accordance with the agreed terms. Therefore, the conditions for listing the bonds differ from those of the shares. In order to protect the interests of investors and ensure the liquidity of bond transactions, the stock exchange generally reviews the listing qualifications of corporate bonds from the following aspects after it receives the issuer’s listing application. (1) Bond issuance volume must reach a certain scale. This is because, if there are few listed bonds in circulation, the activity of the transaction will be affected and the price will be easily manipulated. (2) The operating performance of bond issuers must be consistent