Shen Zhen Shang Bao·2025-06-17 18:19Group 1 - The core viewpoint of the articles highlights the positive response from the market following the announcement by the People's Bank of China and the China Securities Regulatory Commission to support the expansion of technology innovation bonds, with over 30 brokerages completing issuance or approval of these bonds, totaling over 1 trillion yuan [1] - In June, major brokerages such as CITIC Securities, CICC, and Guotai Junan received approval to issue technology innovation bonds in the interbank market, with a cumulative approved amount close to 40 billion yuan [1] - CITIC Securities has emerged as a leader in this space, having issued and approved a total of 32 billion yuan in technology innovation bonds, including a recent issuance of 15 billion yuan approved by the CSRC [1] Group 2 - The funds raised from the technology innovation bonds are primarily directed towards strategic emerging industries such as integrated circuits, artificial intelligence, new energy, biomedicine, and high-end equipment [2] - Analysts suggest that brokerages will play a crucial role as key beneficiaries of the expansion of technology innovation bonds, leveraging their diversified business capabilities and expertise in capital markets during the integration of technology and finance [2]