1. What are the requirements for corporate bond institutional investors? Corporate bond institutional investors should have the corresponding risk identification and commitment ability, be aware of and bear the investment risks of corporate bonds by themselves, and meet the following qualifications: (1) Financial institutions established with the approval of relevant financial regulatory authorities, including securities companies, fund management companies and their subsidiaries, futures companies, commercial banks, insurance companies and trust companies, as well as private equity funds registered by asset management association of china (hereinafter referred to as fund industry associations). (2) The wealth management products issued by the above-mentioned financial institutions to investors include but not limited to asset management products of securities companies, products of funds and fund subsidiaries, asset management products of futures companies, bank wealth management products, insurance products, trust products and private equity funds filed by fund industry associations; (3) Enterprises, institutions, legal persons and partnerships with net assets of not less than RMB 1 million; (4) Qualified foreign institutional investors (qfii) and RMB qualified foreign institutional investors (rqfii); (five) social security funds, enterprise annuities and other pension funds, charitable funds and other social welfare funds; (6) Individual investors whose financial assets are not less than RMB 3 million; (seven) other qualified investors recognized by the China Securities Regulatory Commission. 2. Corporate bonds Corporate bonds refer to loan certificates issued by joint-stock companies for additional capital within a certain period of time (such as 1 or 2 years). For the holder, it is only a certificate to provide loans to the company, which reflects only an ordinary creditor-debtor relationship. Although the holder has no right to participate in the management activities of the joint-stock company, he can charge the company a fixed interest every year according to the par value, and the order of collecting interest should be prior to the shareholders' dividends, and the joint-stock company can also get back the principal first when it goes bankrupt. Corporate bonds have a long term, generally more than 1 years. Once the bonds expire, the joint-stock company must repay the principal and redeem the bonds. Third, the essence First of all, as a kind of "securities", corporate bonds are not ordinary goods or commodities, but "legal documents that can prove economic rights and interests". "Securities" is a general term for all kinds of creditor's rights and property ownership certificates that can obtain certain income, and it is a certificate used to prove that securities holders have and obtain corresponding rights and interests. Secondly, corporate bonds are "marketable securities", which reflect and represent a certain economic value, and have a wide range of social acceptability, and can generally be transferred as a financial tool for circulation. Therefore, in this sense, "negotiable securities" is a kind of ownership certificate, which generally must indicate the face value, proving that the holder has the right to obtain a certain income on schedule and can be freely transferred and traded. It has no value in itself, but it represents a certain amount of property rights. The holder can directly obtain a certain amount of goods, currency, interest, dividends and other income. Because this kind of securities can be traded and circulated in the securities market, it has the transaction price objectively. It is ok for the company to issue bonds if the conditions are met. I believe you have a simple understanding of the conditions that corporate bond institutional investors need from the above. When investing, you also need to bear certain risks, which everyone should be clear about.