The Shanghai Headquarters of the People's Bank of China is vigorously championing the involvement of private equity firms and technology enterprises in Shanghai for the issuance of the inaugural batch of scientific and technological innovation bonds. As of May 9, two technology enterprises and one equity investment institution have been enrolled in the pilot program. Notably, Xinwei Technology Group has successfully issued 200 million yuan worth of scientific and technological innovation bonds, with the raised funds being directly allocated for equity investments in enterprises associated with the integrated circuit industry chain.
