To supply life insurance company and pension funds with an alternative risk transfer way to hedge longevity risk,we design a kind of survival bond whose underlying is a public mortality index.

To issue RMB bonds in Hongkong is not only the aspiration of Hongkong special zone,but also the important step to internationalization of RMB,so it is of great importance.

How to provide bondholders protection system has always been very concerned about the issue of national company law, since it is not only related to the interests of company bondholders, but also to the whole market order and the credit market.