国内证券市场定向可转债立法缺陷及完善措施研究

Insufficient Legislation and Improving Measures of Directional Convertible Bonds in Domestic Securities Market

定向可转债作为一种新的融资方式,目前在国内证券市场尚未广泛推行,可依据的法律规则相对有限。在实际情况中,定向可转债在使用范围上已超越现有法律规则。因此,识别定向可转债的法律属性、完善其法律规则,对该种融资方式的实践操作具有必要性。

As a new financing method,directional convertible bonds have not yet been widely implemented in the domestic securities market,and there are relatively limited legal regulations on which they can be based.In practice,the use of directional convertible bonds has exceeded existing legal regulations.Therefore,identifying the legal attributes of directional convertible bonds and improving their legal rules are necessary for the practical operation of this financing method.