Two telecommunication companies under Cosun Group that have issued privately raised company bond via Zhaocaibao platform in 2014 now faces default risk due to capital difficulty. ANBOUND research team has paid close attention to the problems behind it and found that there is a huge regulatory lacunae in the new bond launching channel that is created by the cooperative sales of "privately raised company bond" between regional stock exchange and internet platform. Addition with unaccountable financial frauds, significant potential risks have accumulated. Internet finance now has become a “snake in the grass” of financial industry, the regulator shouldn’t relax both the supervision and control.
