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Following the joint announcement by the People's Bank of China and the China Securities Regulatory Commission on May 7 to support the issuance of science and technology innovation bonds, financial institutions, venture capital firms, and technology-driven enterprises have embarked on a series of bond issuances. As of May 26, 134 science and technology innovation bonds have either been issued or are in the pipeline, amounting to nearly RMB 320 billion. Experts emphasize that amidst China's critical economic transformation phase, these bonds offer long-term and stable financial backing to both major scientific and technological projects and small-to-medium enterprises. This not only fosters the multi-tiered growth of the bond market but also augments the capacity of financial services to prop up scientific and technological innovation.
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