Since the Bank of China issued the first Chinese-funded US dollar bond in the late 1980s, as a milestone innovation in the opening up of China's capital market, Chinese-funded US dollar bonds have always undertaken a dual mission: on the one hand, as a strategic tool for cross-border financing of enterprises, providing international financing solutions for the real economy; On the other hand, as a testing ground for financial opening up, it promotes the in-depth integration of China's capital market with international rules.

The report of the 20th National Congress of the Communist Party of China emphasizes "concentrating resources to carry out original and leading scientific and technological research and development". In fact, core technologies are not only the "lifeline" of enterprises, but also the "trump card" in market competition. However, since Jiaxing Zhonghua Chemical was infringed upon due to the leakage of the "vanillin" technical secret, its market share was impacted over the past ten years. Although it was eventually awarded 159 million yuan in compensation, it was unable to make up for the actual losses. Then there is Geely, which received 637 million yuan in compensation due to the "poaching" and theft of its new energy vehicle chassis technology, but faced enforcement difficulties due to the bankruptcy of WM Motor. These real "billion-yuan infringement cases" all serve as a warning that if core technologies lack systematic protection, no matter how high the R&D investment is, it may eventually become someone else's "marriage".

With the continuous changes in China's economic environment and the gradual normalization of enterprise organizational structure adjustment and business reorganization, the situation where one is assigned to a new employer "not due to personal reasons" (hereinafter referred to as "this situation") has become increasingly common. In complex employment environments such as personnel transfer, enterprise mergers and acquisitions, and labor dispatch, the calculation of workers' years of service has been clearly stipulated by law.

The success or failure of securities issuance often directly relates to the survival and development of an enterprise.

On April 23, 2025, the Beijing Securities Regulatory Bureau issued a warning letter to four private fund managers within its jurisdiction at one time. Among them, Beijing Ganxiang Haiquan Investment Management Co., LTD. (referred to as "Ganxiang Haiquan"), which is actually controlled by the well-known male star Hu Haiquan in the entertainment industry, was once actually controlled (although it has now withdrawn its shareholding at the industrial and commercial level).

​Suppose the target company is a limited company registered in Hong Kong, with actual business operations in Hong Kong, and a net profit of approximately 20 million yuan. It has not conducted business or established branches on the Chinese mainland (for the purpose of this article, Hong Kong, Macao and Taiwan are excluded).