Recently, the People's Bank of China and the China Securities Regulatory Commission jointly issued an announcement on issues related to supporting the issuance of scientific and technological innovation bonds, clearly including commercial banks, securities companies, financial asset investment companies and other financial institutions into the scope of scientific and technological innovation bonds issuance subjects. Subsequently, securities firms acted quickly, and 11 securities firms including CITIC Securities, Shenwan Hongyuan Securities, CITIC Securities, and China Merchants Securities have confirmed the issuance of technology innovation bonds, with a total scale exceeding 10 billion yuan. In addition, many securities firms are actively promoting it. According to the website of the exchange, in recent corporate bond issuance announcements, there have been multiple appearances of the "figure" of bond issuers creating bonds. For example, China Merchants Securities announced that the company successfully issued science and technology innovation bonds on the Shanghai Stock Exchange on May 9th, with an issuance scale of 3 billion yuan, the highest scale of the first batch of securities and technology innovation bonds. The announcement shows that the issuance scale does not exceed 5 billion yuan, and the interest rates for both 2-year and 3-year varieties are 1.75%. According to the interest rate announcement of CITIC Securities' science and technology innovation bonds, the company's science and technology innovation bond scale is 2 billion yuan, with a 2-year variety 1 coupon rate of 1.67% and a 3-year variety 2 coupon rate of 1.71%. According to the interest rate announcement of CITIC Securities' Sci Tech Innovation Bond, the company's Sci Tech Innovation Bond has a scale of 1 billion yuan, an issuance period of 3 years, and a coupon rate of 1.69%. Galaxy Securities also announced that the company issued 1 billion yuan worth of science and technology innovation bonds on May 9th. The interest rate announcement of Galaxy Securities' Sci Tech Innovation Bond shows that the issuance scale is no more than 2 billion yuan, with a term of 3 years and a coupon rate of 1.75%. The interest rate announcement of Great Wall Securities' sci-tech innovation bonds shows that the company's sci-tech innovation bond issuance scale is not more than 500 million yuan, the issuance period is 2 years, and the coupon rate is 1.79%. This bond is the first Shenzhen Stock Exchange Sci Tech Innovation Bond issued by Great Wall Securities, and also the first securities company Sci Tech Innovation Bond issued by the Shenzhen Stock Exchange. In addition, institutions such as Shenwan Hongyuan, Oriental Securities, Ping An Securities, Huatai Securities, Huafu Securities, and Guotai Haitong have also issued announcements related to science and technology innovation bonds. Based on this calculation, the total scale of science and technology innovation bonds issued by securities firms has reached 11 billion yuan. At present, among the issuers of science and technology innovation bonds, technology-based enterprises are mainly composed of high-level central state-owned enterprises and leading private enterprises. It is expected that after the launch of the 'science and technology board' in the bond market, more mature and growing private technology-based enterprises will be encouraged to raise funds through the issuance of science and technology innovation bonds. ”Feng Lin, Executive Director of the Research and Development Department of Dongfang Jincheng, stated that this will help drive more funds to invest in early, small, long-term, and hard technology. At the same time, under the new support policies, the bond issuance support for technology-based enterprises will also increase in the future. The market for issuing technology innovation bonds has also received enthusiastic support from investors. On the day of issuance, 10 securities firms including Shenwan Hongyuan Securities, CITIC Securities, and Galaxy Securities announced an extension of the bookkeeping filing time. Great Wall Securities stated that due to market changes on the day of bookkeeping filing, after consultation and agreement among the issuer, bookkeeping manager, and other bookkeeping participants, the end time of bookkeeping filing has been extended from 18:00 on May 9th to 19:00. In addition, both Galaxy Securities and Ping An Securities mentioned that "due to significant market changes on the day of bookkeeping and filing," CITIC Securities stated that "due to some investors fulfilling procedures," while Guotai Haitong and China Merchants Securities both stated that "due to significant market changes on the day of bookkeeping and filing. From the disclosed prospectus, multiple securities firms have clearly stated that the raised funds will be precisely invested in strategic emerging industries, fully reflecting the mission of financial services to the real economy. Several securities firms have stated that no less than 70% of the funds raised from this bond issuance will be invested in the field of technological innovation. For example, CITIC Securities stated that the issuance of this bond has received widespread attention from investors, attracting various investment institutions including commercial banks, securities companies, fund companies, insurance companies, etc. to actively participate and achieve the successful issuance of the project. No less than 70% of the funds raised in this bond issue will be used to provide special support for technology innovation businesses through equity, bond, fund investment, and other forms. China Merchants Securities also stated that the funds raised from the technology innovation company bonds will mainly be used in the field of technology innovation, including investments that meet the requirements of the capital market, market making and risk hedging services for technology innovation bonds, ETFs, and other public funds, as well as underwriting services for technology innovation securities. Shenwan Hongyuan Securities stated that issuing science and technology innovation bonds is one of the important measures taken by Shenwan Hongyuan Securities to utilize the capital market to serve the national strategy. Based on the origin and advantages of the securities industry, the company can not only provide high-quality underwriting services for technology-based enterprises, but also support China's scientific and technological innovation field through various channels such as equity, bonds, fund investment, and capital intermediary services. As one of the first securities firms to obtain the qualification to issue science and technology innovation bonds, the company will play a leading role as a financial institution, take "central enterprises serving technological innovation" as its responsibility, assist in the development of new quality productivity, and continue to promote the high-quality development of China's economy through "technology leadership and financial empowerment". At the same time, there are more business venture capital bonds on the way. According to securities firm announcements, at least 12 securities firms have announced plans to publicly issue technology innovation bonds, with a total issuance scale of 17.7 billion yuan. In addition, some securities firms such as Dongwu Securities have submitted relevant applications, but have not yet disclosed them. (New Society)