Muyuan Foods (SZ:002714) Zheng Quan Ri Bao Wang·2025-05-22 12:29Group 1 - The core idea of the event is to explore the policy opportunities of the "Technology Board" for bonds, aimed at helping technology companies expand financing channels and empower innovation development [1] - The People's Bank of China and the China Securities Regulatory Commission jointly announced measures to support the issuance of technology innovation bonds, promoting early, small, long-term, and hard technology investments [1] - The event highlighted the successful issuance of the first "Technology Board" innovation bond by Muyuan Foods Co., Ltd., setting a benchmark for technology enterprises in Henan Province [1] Group 2 - Since 2021, the bond market in Henan Province has shown steady progress, with financing amounts exceeding 100 billion yuan for four consecutive years, and the total scale increasing to 485.8 billion yuan, doubling from 213.4 billion yuan at the end of 2020 [2] - The average issuance cost has decreased to 2.97%, down 181 basis points from the peak of 4.78%, and is expected to continue to decline [2] - Technology innovation bonds are characterized by long terms, low costs, and strong market appeal, providing a direct path to the capital market for asset-light, high-growth technology companies [2] Group 3 - The event included a closed-door exchange meeting where experts provided one-on-one guidance on financing application materials, review processes, bond pricing, and underwriting, tailored to current regulatory policies and the specific conditions of enterprises [2] - Participating companies found the event's content to be of significant practical value, offering important references for future financing planning [3]