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科技还有新弹药?设立“国家创业投资引导基金”

Group 1 - A-shares opened slightly lower on May 15, with the Shanghai Composite Index at 3398.43 points, down 0.16%, the Shenzhen Component Index at 10324.84 points, down 0.28%, and the ChiNext Index at 2076.04 points, down 0.34% [1] - The Ministry of Science and Technology and six other departments issued policies to accelerate the construction of a technology finance system to support high-level technological self-reliance, including the establishment of a "National Venture Capital Guidance Fund" [1] - The policies aim to guide long-term capital investment in hard technology and establish a "technology board" in the bond market to promote the high-quality development of technology innovation company bonds [1] Group 2 - Dongwu Securities anticipates rapid growth in China's technology bond market, with an expected increase in the diversity of issuing entities, particularly in high-tech industries [2] - The issuance period for technology bonds is expected to lengthen, aligning better with the long research and development cycles of technology companies [2] - The semiconductor industry is highlighted as a key area for domestic substitution, benefiting from the expansion of semiconductor demand driven by the artificial intelligence revolution [2]