Western Securities(SZ:002673) Zheng Quan Shi Bao·2025-10-14 17:35Core Viewpoint - The company, Western Securities, is actively implementing the national strategy of financial "five major articles" through differentiated paths, focusing on technology finance and green finance to contribute to the modernization of China [1][2]. Group 1: Implementation of National Strategy - Western Securities has established a core approach to implement the financial "five major articles" as part of its "1+N" policy system, emphasizing service to the real economy as its fundamental mission [2]. - The company has set up a dedicated task force to ensure the effective transmission of policies across various business lines, integrating these tasks into annual assessments and key work [2]. - The firm is leveraging local economic transformation in Shaanxi Province, focusing on energy transition and manufacturing upgrades, to enhance its technology finance capabilities [2]. Group 2: Technology Finance Development - Technology finance is identified as a core breakthrough for Western Securities, with efforts to enhance service capabilities across multiple dimensions, including client coverage and capital collaboration [3]. - The company has expanded its client base to include technology enterprises, focusing on high-growth potential and long-term investment value, and has improved its ranking in technology innovation bond underwriting from 16th in 2024 to 10th in the first half of 2025 [3]. - Western Securities provides comprehensive lifecycle services for technology firms, including training, consulting, and financing support, to boost their innovation and market competitiveness [3]. Group 3: Capital Operations - The company adopts a "government + industry + finance" strategy to promote a virtuous cycle among technology, industry, and finance, aiding local economic development [4]. - Western Securities has initiated four funds in collaboration with local governments, focusing on new materials, new energy, and other innovative sectors [4]. Group 4: Green Finance Initiatives - Green finance is a crucial component of Western Securities' strategy to implement the financial "five major articles," with a focus on integrating green concepts into capital market services [6]. - The company has issued eight green bonds and low-carbon transition bonds in 2023, with a total underwriting scale of 2.69 billion yuan, including the first AA+ rated low-carbon transition corporate bond from a city-level issuer [6]. - Western Securities is exploring the integration of green finance with rural revitalization, supporting agricultural and tourism sectors to achieve both ecological and economic benefits [7].