关键词: 社会责任债券, 疫情防控债券, 新型冠状病毒, 软法

Abstract: Finance is a multi-faceted tool. Social responsibility bonds combine private interests and public welfare. With market-oriented operation, funds are strictly directed to the centralized relief of specific problems. In the context of epidemic prevention and control, it can effectively meet the multiple needs of improving corporate social reputation, enriching investors′ choice space, and supplementing the government′s emergency funding gap.Internationally, social responsibility bonds are spontaneous from the market, and have formed a “bottom-up” dual restraint mechanism of “internal principles + external review”, and its operation is standardized and orderly.After COVID-19 erupted, the government led “top-down” Chinese characteristic social responsibility bonds, epidemic prevention and control bonds, should be born. But there are many problems such as the supervision of the multi - purpose dispersion, the unclear use of funds, the nominal labeling of bonds, and the lack of risk disclosure.In order to give full play to the function of bonds to support epidemic prevention and control, China should actively benchmark the international principles, from the deep integration of soft law principles and hard law norms, the collaborative division of labor between internal subjects and external intermediaries, and the dual guarantee of tax incentives and regulatory constraints.

Key words: social responsibility bonds, epidemic prevention and control bond;COVID-19, Soft law