Journal of Humanities, Arts and Social Science

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Article http://dx.doi.org/10.26855/jhass.2022.01.015

Research on Credit Risk and Market Supervision of Corporate Bond in Hebei Province

Jie Tian*, Zhaoyang Jia, Xiwang Lai

Hebei GEO University, Shijiazhuang, Hebei Province, China.

*Corresponding author: Jie Tian

Published: March 30,2022

Abstract

In recent years, the corporate bond market in Hebei province has developed rapidly. It has opened a new situation and its issue scope and participants continue to expand and promote. It plays an increasingly important role in enriching and multi-level financial markets and increasing the proportion of equity financing. However, as macroeconomic policies are in a downward cycle, the government is actively promoting reform and innovation in the upgrading of industrial structure. There are many problems in the corporate operation, and the credit risk gets increasingly serious, which causes more defaults. By the end of 2016, more than 80 bond defaults have occurred in China’s bond market. With the wave of credit defaults, the credit rating declines, the credit risk transmission effect becomes more significant, and the market stability also declines. As the peak redemption season approaches, the corporate bond market faces unpromising development. From the continuous outbreak of credit default events, we have seen the development lag of credit risk prevention system in China’s corporate bond market. It is imperative to improve the credit risk prevention system and prevent the systemic risk of the financial system.

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How to cite this paper

Research on Credit Risk and Market Supervision of Corporate Bond in Hebei Province

How to cite this paper: Jie Tian, Zhaoyang Jia, Xiwang Lai. (2022) Research on Credit Risk and Market Supervision of Corporate Bond in Hebei Province. Journal of Humanities, Arts and Social Science6(1), 151-157.

DOI: http://dx.doi.org/10.26855/jhass.2022.01.015