刚刚！央行，证监会，重磅发布“13条”！

Core Viewpoint - The announcement by the People's Bank of China and the China Securities Regulatory Commission aims to support the issuance of technology innovation bonds, aligning with the spirit of the 20th National Congress of the Communist Party of China, to enhance financing channels for technology innovation enterprises and stimulate market vitality [1][2]. Group 1: Support for Technology Innovation Bonds - The announcement outlines measures to enrich the product system for technology innovation bonds, allowing financial institutions, technology enterprises, private equity investment institutions, and venture capital institutions to issue these bonds [2][3]. - Issuers are encouraged to flexibly set bond terms and issue long-term bonds to better match the funding needs of the technology innovation sector [2][4]. - The announcement emphasizes optimizing the issuance management of technology innovation bonds, simplifying information disclosure, and innovating the credit rating system to facilitate financing [2][5]. Group 2: Mechanisms for Financing Support - Financial institutions and asset management institutions, as well as social security funds, corporate annuities, and insurance funds, are encouraged to invest in technology innovation bonds [5][6]. - A risk-sharing mechanism is to be established, allowing various financial institutions to support the issuance and trading of technology innovation bonds through credit protection tools and guarantees [5][6]. - Local governments are encouraged to provide interest subsidies and guarantees to support technology innovation bonds, leveraging their financial resources [5][6]. Group 3: Evaluation and Management - The management of technology innovation bonds will be strengthened to ensure that raised funds are used for supporting technology innovation development [5][6]. - The announcement includes plans for the interbank bond market and exchange bond market self-regulatory organizations to improve supporting rules for technology innovation bonds [5][6].