For the same company, people who hold the company's stocks are the company's shareholders, and people who hold the company's bonds are the company's creditors.

There is no necessary connection between the two. If there is a relationship, it is the relationship between creditor and debtor.

Shareholders are responsible for the company based on the shares they hold.

Shareholders have the right to share in the company's earnings, but creditors do not, but creditors have the right to receive priority before dividends are distributed to shareholders.

In terms of safeguarding the interests of bondholders, the two systems complement each other and each has its own unique role.

Bondholder meetings are conducive to coordinating the positions of bond investors, strengthening the status of bond investors, and providing effective overall protection for bondholders; and bond trustees can make up for the shortcomings of the meeting system and improve the timeliness and effectiveness of the exercise of rights.

function.