Huan Qiu Wang·2025-06-17 08:57Group 1 - The core viewpoint is that the issuance of Sci-Tech bonds in China has experienced explosive growth following the People's Bank of China and the China Securities Regulatory Commission's announcement to support the expansion of these bonds [1] - In the past month, 30 securities firms have completed or received approval for the issuance of Sci-Tech bonds, with a total scale exceeding 100 billion yuan [1] - On June 13, major securities firms including CITIC Securities, CICC, and Guotai Junan announced their approval to issue a total of 39.8 billion yuan in Sci-Tech bonds [3] Group 2 - CITIC Securities and Guotai Junan each received approval for 15 billion yuan, while CICC plans to issue 9.8 billion yuan [3] - CITIC Securities has a cumulative issuance and approval scale of 32 billion yuan, including a previously issued 2 billion yuan Sci-Tech bond [3] - Other firms like Shanxi Securities and Wanlian Securities have also successfully issued 5 billion yuan in Sci-Tech bonds [3] Group 3 - The funds raised from the issuance of Sci-Tech bonds are primarily directed towards national strategic emerging industries such as integrated circuits, artificial intelligence, new energy, biomedicine, and high-end equipment [4] - For instance, Guotai Junan has specified that 70% of the funds from its current bond issuance will support technology innovation fields through various investment forms [4]