1. The issuer needs to draw up a bond issuance plan first.

2. The issuer needs to submit the application materials to the relevant regulatory authorities and obtain the issuance approval.

3. After receiving the approval documents, the bond issuer needs to make securities bills and then hand them over to the exchange for online trading.

4. Bond issuers need to issue issuance announcements through various channels to inform investors of the issuance plan and related information.

5. The bond issuer needs to ask the underwriting institution to issue, including determining the underwriting institution and signing the underwriting agreement.

6. The online trading platform for issued bonds began to circulate.

7. Within the prescribed issuance period, when the total amount of issuance reaches the issuance scale, the issuance of bonds ends.