Launch ceremony of DOCVIT bond default dispute resolution new product line and seminar on bond default disposal and bond market development under the new normal of economy

About Activity


What is the development trend of China’s bond market? 

Data shows that by the end of May 2019, the custody scale of China’s bond market has exceeded 91 trillion yuan, making China the second largest bond market in the world, second only to the United States; 1,141 overseas investment institutions have entered the interbank bond market, holding a total amount of 1.89 trillion yuan; 193 “Panda Bonds” have been issued, totaling 342 billion yuan. 

In the first half of the year, the bond market saw the interleaving of multiple factors, and was mainly characterized by fluctuations. In addition, the financing difficulty of small and medium-sized financial institutions has increased, and liquidity conditions have also seen stratification. Coupon-rate contribution is higher than duration contribution, the performance of debenture bond is better than rate securities. In the first quarter, driven by the fundamentals and money, interest rates went downward quickly, and in the second quarter, financial statistics saw some improvement, there was an upswing in risk appetite, and interest rates saw an over 40bp sharp adjustment. 

How will the bond market develop in the second half of the year? 

Uncertain factors of internal and external environment still exist, and the tightening of the liabilities end of small and medium-sized financial institutions may further transmit to the assets end, making the process of credit expansion baffled again, and financial institutions’ risk control system to be reshaped. Therefore, as to bond market, in an environment where fundamentals are under pressure and credit expansion is blocked, in the second half of the year, rate securities and high-grade debenture bonds would benefit more, while low- and medium-grade debenture bonds are facing the risk of spread widening. 

Halfway through 2019, how will the bond market perform in the second half of the year? How will various factors affecting the bond market work? Where are the investment opportunities? How do bond default disposal and bond market develop under the new normal of economy? 

In order to discuss the above issues in depth, Beijing DOCVIT Law Firm will hold a seminar “bond default disposal and bond market development under the new normal of economy”. At the seminar, DOCVIT bond default dispute resolution new product line will be released; the product line studies and analyzes the development environment of China’s bond market and the problems and challenges facing its dispute resolution in the context of the new normal of economy and, from a legal perspective, explores the new ideas on bond default disposal in the context of tighter regulation.

Activity Agenda

Seminar “bond default disposal and bond market development under the new normal of economy” 

Time: 14:00-17:00, Aug. 17, 2019 

Venue: GLGA Innovative Development Center (16/F, Area A, Building 1, Zhubang 2000 Business Center, No.100 of Xili, East Balizhuang, Chaoyang District) 

Session 1: Topic discussion: new ideas on bond default disposal in the context of tighter regulation 14:00-15:00 

1. Opening remarks by moderator 

2. Keynote speeches 

3. Discussion and exchange of views 

Topic 1: Opportunities and challenges of China’s bond market in the new situation 

Topic 2: Establishment and improvement of market-based disposal mechanism in the context of normalization of bond default 

Topic 3: The new changes in interbank market repurchase default disposal 

Session 2: DOCVIT bond default dispute resolution new product line launch ceremony 15:00-15:30

1. Launch ceremony DOCVIT bond default dispute resolution new product line 

2. Interpretation of DOCVIT bond default dispute resolution new product line 

Tea Break: 15:30-15:40 

Session 3: Symposium on bond default dispute resolution 15:40-16:50

1. Topic speech 

2. Symposium 

Topic 1: Special remedy for listed companies’ bond default 

Topic 2: Liability and conflict of interests of underwriter and trustee in the event of bond default 

Topic 3: Bond default and debt restructuring 

Topic 4: Financial institutions vs. state-owned enterprises in bond default 

Topic 5: Penal priority in bond default dispute 

Session 4: Meeting summary 16:50-17:00 

Media Attention

Guest Speech

  • 2019-08-17

May be interested

Professional Team
Professional Interpretation
  • How to deal with the failures to fulfill duty of diligence?2021-10-25
    Both party A and party B are shareholders of company a, with a accounting for 30% of the shares and B for a state-owned enterprise holding company, accounting for 50% of the shares. Mr. Li is a director appointed by company B to company a, and also the head of financial department of company A. At the beginning of 2021, party A learned that there was still 1 million yuan of capital contribution of company B due but not paid in, and Mr. Li never called on company B according to his duty when he clearly learned that company B did not fulfill his obligation of capital contribution. In addition, Li used his authority to change the management authority of company A's office system, adjust the relevant processes and procedures of the company's internal management, and put pressure on the employees without reason, resulting in the failure of company A's normal operation for three consecutive months. In view of Li's behavior, how should company a and shareholders a protect the rights and interests of the company and themselves?
  • Voting rights can be restricted if shareholders fail to invest?2021-08-24
    In recent years, the competition for corporate control has become more and more intense. The form of competition is no longer confined to the background, but gradually moved to the stage. In order to fight for corporate control, the disputes about the representation of corporate will caused by the internal power struggle in commercial cases are increasing. Voting right has also become the focus of contention among shareholders. If they fail to fulfill the obligation of capital contribution on schedule, there are serious differences among shareholders about whether their voting right can be limited. In the absence of special provisions in the articles of association, should shareholders vote according to the proportion of paid in capital contribution or the proportion of subscribed capital contribution?
  • How to solve the deadlock caused by shareholders' contradiction?2021-07-27
    Party A, Party B and Party C established company a in 2008, holding 51%, 45% and 4% shares respectively. In 2018, due to policy adjustment, the main business of company a could not continue to operate. Party A, Party B and Party C held shareholders' meetings on the transformation and development direction of company a for many times, but Party A and Party B could not reach an agreement. Up to now, the development of the company has been stagnant, How can companies get out of trouble?
Beijing Docvit Law Firm (Docvit in short), which was established in 2003, is one of the few earliest law firms instituted as a corporation rather than partnership in China. Aimed at building a high quality law firm with professional competence, Docvit fostered innovation under its unique system of operating as a large-scale corporation. Benefited with its core-competitiveness, such as international insights and full IT application management mode, to name some of them, Docvit pursued cross-border development and established an image of high-end brand in a industrialized market. In 2015, Docvit was ushered into a “3.0 era” of moderate-scale development, which witnessed the gradual formation of nation-wide and world-wide layout with the start-up of branch offices in Tianjin, Jinan, Shenzhen, Shanghai, Chengdu, Taiyuan, Hong Kong, London and other places in succession.