Jin Rong Shi Bao·2025-06-21 04:16Group 1 - Five securities firms, including CITIC Securities and Guotai Junan Securities, have been approved to issue technology innovation bonds in the interbank market, with a total approved amount not exceeding 93.8 billion yuan [2][3] - The issuance of technology innovation bonds allows securities firms to expand their direct financing channels and choose the most suitable market for financing based on their characteristics and needs [2][3] - As of June 18, 29 securities firms have issued 33 technology innovation bonds, totaling 28.47 billion yuan, with significant interest from institutional investors, as evidenced by oversubscription rates exceeding 7 times for some bonds [3] Group 2 - The funds raised from the issuance of technology innovation bonds will primarily support businesses in the technology innovation sector, including investments in technology-related stocks, bonds, ETFs, and industry funds [4] - Securities firms are positioned as both issuers and important underwriters of technology innovation bonds, enhancing their ability to provide comprehensive services to technology enterprises [5] - The expansion of the issuance scope for technology innovation bonds aligns with the funding needs of technology enterprises, allowing securities firms to leverage their diversified business capabilities in the new wave of technology finance integration [5]