Sou Hu Cai Jing·2025-06-17 13:12Group 1 - The Henan provincial government has issued guidelines to promote high-quality investment attraction, emphasizing the transformation of urban investment companies into industrial investment companies and encouraging mergers [1] - The guidelines support provincial and municipal industrial investment companies to establish offshore investment companies and strengthen capital services [1] - There is encouragement for state-owned enterprises and investment funds to collaborate with financial institutions for project financing and to issue domestic and foreign bonds for capital injection [1] Group 2 - Henan province plans to issue a total of 165.73 billion yuan in local bonds for urban development, shantytown renovation, and other projects [3] - The bonds will include general bonds for education and water conservancy projects, as well as special bonds for social undertakings [3] - The issuance is scheduled for June 24, with the bonds set to start accruing interest on June 25 [3] Group 3 - Zhengzhou city has introduced policies to accelerate the development of technology finance, including support for issuing technology innovation bonds [4] - The policies aim to enhance financing channels for technology sectors and encourage local enterprises to apply for provincial bond issuance incentives [4] Group 4 - Shandong, Xinjiang, and Guizhou provinces are planning to issue "special" new special bonds totaling approximately 40.2 billion yuan for various government investment projects [6] - The bonds will have different terms, with Shandong issuing 119.98 billion yuan over 15 years, Xinjiang issuing 135.4 billion yuan and 143 billion yuan over 20 and 30 years respectively, and Guizhou issuing 4 billion yuan over 30 years [6] Group 5 - Shima shares plans to issue up to 1 billion yuan in convertible corporate bonds, with proceeds aimed at repaying company debts [7] - Muyuan Foods has submitted a registration for a 5 billion yuan corporate bond issuance, also intended for debt repayment [8] - The Zhumadian Huanghe Information Industry Investment Company is set to issue 700 million yuan in corporate bonds [9] Group 6 - The first batch of private venture capital institutions has successfully issued technology innovation bonds, with Jiangsu Yida issuing 150 million yuan and Shenzhen Dongfang Fuhai issuing 400 million yuan [10][11] - The Ministry of Finance plans to issue 170 billion yuan in book-entry interest-bearing government bonds with a coupon rate of 1.43% [12] Group 7 - The market has seen a net financing decrease in urban investment bonds, with a reported net financing of -39.7 billion yuan in the first five months of the year [18] - The total issuance of technology innovation bonds has reached 738.5 billion yuan, with significant growth in non-financial industry issuances [19]