Zheng Quan Ri Bao Zhi Sheng·2025-07-02 16:42Group 1 - The bond market has shown strong performance in the first half of the year, with total issuance amounting to 44.68 trillion yuan, a year-on-year increase of 16.59% [1] - Securities firms have actively engaged in various bond underwriting activities, achieving a total underwriting amount of 7.34 trillion yuan, which represents a year-on-year growth of 20.75% [1] - Mid-sized securities firms have improved their rankings in bond underwriting, with notable advancements such as Guotai Junan moving up to third place in the industry [1] Group 2 - Leading securities firms dominate the underwriting of various types of bonds, with CITIC Securities, Guotai Junan, and CITIC Construction Investment leading in credit bond underwriting [2] - In the asset-backed securities (ABS) segment, CITIC Securities also ranks first, followed by Guotai Junan and Ping An Securities [2] - The internationalization strategy of securities firms has led to increased participation in offshore bond underwriting, with Guotai Junan International leading in this area [2] Group 3 - The issuance of Sci-Tech bonds has emerged as a highlight in the bond underwriting performance of securities firms, with a total of 328.28 billion yuan underwritten by 54 firms since May [3] - CITIC Securities has taken the lead in underwriting Sci-Tech bonds, with a total of 480.3 billion yuan, followed by CITIC Construction Investment and Guotai Junan [3] - Several securities firms are focusing on Sci-Tech bonds as a key area for business development, aiming to enhance their service offerings and align with national strategic directions [3]