公司债

The basis is right stock market IPO, add hair is new, match, and company debt, debenture, can turn the statistic that the bond such as bill of certificate of debt, short-term financing, metaphase distributes a case, amount of financing of city of the stock market, debt was seventy-eight billion seven hundred and ninety-seven million yuan October this year, relatively reduced about 21.8 billion yuan September, annulus comparing is decreased achieve 21.7%.

根据对股票市场IPO、增发新股、配股，以及企业债、公司债、可转债、短期融资券、中期票据等债券发行情况的统计，今年10月份股市、债市融资总额为787.97亿元，较9月份减少约218亿元，环比减幅达到21.7%。

Self Descriotion: Specialize on the legal services in corporate and securities, and financial investments; legal services in capital market, property rights regime and reform, definition and trading of property rights, industry convergence and reform of state management system, etc; legal services on capital operations projects, like joint-stock system reform, issuing and listing of securities (including A shares, B shares, H shares, rationed shares, newly issued shares, convertible loan shares, debenture and fund), and finance; specialized legal services in law-based administration of government departments, foreign investments, corporate acquisitions and reorganizations and insolvency liquidation, etc; legal services in overall planning of large projects and design of significant procedure, and negotiations on projects of overseas financing and investments, etc.

或评价：本人擅长公司与证券、金融投资领域的法律服务项目；资本市场、产权制度与产权改革、产权界定与交易、产业整合、国有资产管理体制改革等领域的法律服务项目；企业股份制改造、证券发行上市（A股、B股、H股、配股、增发新股、可转债、公司债、基金）、金融等资本运作项目；政府机关依法行政、外商投资、企业并购重组、破产清算等领域的专项法律业务；大型项目的整体方案策划与重大流程设计、对外投融资项目谈判等法律服务。

In Anglo-American law system, it is the Debenture Trustee Deed, and in Romano-Germanic law system, it is the Meeting of Debenture Holders.

我国应借鉴发达国家公司债债权人团体利益保护的经验，结合中国的实际，尽快完善我国公司债债权人团体保护的法律制度。

Based on the successful equity issurance by Kenmec Mechanical Engineering Company and the convertible bond offering by Foxconn Technology Group and the failed financing offered by Mosel Vitalic Inc, the following recommendations are made:(1) To the company seeking financing: The importance of evaluating a company's financing structure and industry development, proper selection of financing tools and timing for financing, and to understand the risks and impact of the choice of financing tools,(2) To the investor: the importance of detailed evaluation of the terms of offering and to understand the company's credit status and financial status and industry status, and be aware of the liquidity risk of the investment,(3) to the Securities and Futures Commission : to loosen up conditions for companies seeking financing, to tighten up control of information disclosure after the financing, allow more flexibility for companies seeking financing.

依据广运公司办理现金增资及鸿海公司发行国内转换公司债之筹资成功个案及茂矽公司筹资失败个案研究得到下列建议：对筹资公司的建议：评估企业本身财务结构及产业发展、慎选筹资工具及筹资时机、确实掌握筹资条件并了解筹资风险。对投资人的建议：审慎评估筹资条件、了解筹资公司的债信及产业、注意筹资工具之流动性风险。对主管机关的建议：放宽对筹资公司的事前审核、加重筹资后之资讯揭露、开放筹资的灵活性。

Because company debt undertaking directly correlates with the specific benefit of company creditor. In order to the safety and credit of market business, how to protecting the benefit of company creditor and establishing the perfect protection system has become a protrusive and important problem.

由于公司债务承担直接关系到公司债权人的特定利益，为维护市场交易安全和信用，如何保护公司债债权人的利益，建立完善的公司债债权人保护制度，便突显成一个重要的问题。

The regulation department shouldsanction trust deed in order to protect bondholders.

发行公司只是代理未来的公司债债权人订立公司债信托契约。

Beginning from the viewpoint that corporation bond is a kind ofcredit tool essentia lly, the paper designs the transverse thread by credit lega l system,which is property right foundation, credit service, oneself credit, credit disclosure ofcorporation bond's credit.

因此公司债券契约是其纵向结构的起点。为此，论文首先分析公司债契约以统领该纵向结构，然后依次探讨公司债发行转让、公司债存续期间的公司债管理途径和公司债与公司治理问题。

This chapter firstly analyzes corporation bond on the contract theory and incompletecontracts'view.

本章首先分析了公司债的合同法原理和不完全契约理论视角中的公司债。

This thesis hopes the research can offer reference to the issuers while setting conversion premium in order to design the good convertible debt. Enable the convertible debt to give play to its financing function effectively. The investors can also determine whether to buy the convertible debt or not according to the deterministic factors of conversion premium.

本文希望针对此研究结果能提供发行公司在设定转换溢价时之参考，以设计良好的可转换公司债，使可转换公司债能有效发挥其融资功能，对於投资人而言，亦可依据转换溢价影响因素决定是否购买可转换债券。

Junk bond =in accordance with / connected with / to junk, there is a debt of performaence

垃圾----公司债履行的标的---既是公司发行的债，也是必须履行收回的债

This one mode pays close attention to network credence foundation of the businessman very much.

这一模式非常关注商人的网络信用基础。

Cell morphology of bacterial ghost of Pasteurella multocida was observed by scanning electron microscopy and inactivation ratio was estimated by CFU analysi.

扫描电镜观察多杀性巴氏杆菌细菌幽灵和菌落形成单位评价遗传灭活率。