央行：已有288家主体发行科技创新债券约6000亿元

Core Insights - The People's Bank of China (PBOC) has introduced a risk-sharing tool to support the issuance of technology innovation bonds, aimed at enhancing financing for equity investment institutions and promoting technological innovation [3][4][5] Group 1: Technology Innovation Bonds - As of June 30, 288 entities have issued approximately 600 billion yuan in technology innovation bonds since their launch in May, with over 400 billion yuan coming from the interbank market [3] - The risk-sharing tool created by the PBOC provides low-cost refinancing and guarantees for equity investment institutions, facilitating their bond issuance [3][4] Group 2: Benefits for Equity Investment Institutions - 27 equity investment institutions have issued 15.35 billion yuan in technology innovation bonds, with five private equity institutions benefiting from the risk-sharing tool, leading to longer bond terms of up to 10 years [3][4] - The issuance costs for these private equity institutions are significantly lower, with bond rates ranging from 1.85% to 2.69%, reflecting the credit quality of the risk-sharing tool [4] - Successful bond issuers are typically experienced and well-managed, effectively utilizing the funds for private equity investment fund establishment and expansion, thus driving social capital into the technology innovation sector [4] Group 3: Future Developments - The PBOC plans to continue leveraging the risk-sharing tool in collaboration with relevant departments to foster the development of the technology innovation bond market and enhance financial support for high-level technological self-reliance [5]