Core Viewpoint - The article emphasizes the role of the securities industry in supporting national strategies and deepening financial supply-side reforms, particularly through innovative financial products that resonate with the needs of the real economy [1]. Group 1: Innovation in Financial Products - The issuance of the first "laboratory economy" technology innovation corporate bonds by Xi'an Urban Development Group marks a significant innovation in financing, with funds raised intended for equity investment in a technology innovation enterprise [2][3]. - In the first half of 2025, the company completed technology finance-related project transactions totaling approximately 640 billion yuan through various financing methods [2]. Group 2: Growth in Technology Innovation Bonds - The company has facilitated the issuance of over 330 billion yuan in technology innovation bonds this year, representing a substantial increase compared to the same period last year [3]. - The successful issuance of the "laboratory economy" bonds demonstrates how financial capital can effectively support technology innovation and promote the transformation and industrialization of technological achievements [4]. Group 3: Comprehensive Services for Technology Enterprises - The China Securities Regulatory Commission has called for enhanced financial services for technology enterprises throughout their lifecycle, which the company is actively implementing [6]. - The company is focusing on providing efficient, low-cost financing solutions for technology innovation, utilizing digital tools for real-time pricing and market opportunities [6]. Group 4: Investor Protection Measures - The introduction of a "combination punch" policy for technology innovation bonds presents both opportunities and challenges for securities firms, necessitating the establishment of tailored evaluation systems for different issuers [8]. - The company is exploring innovative ways to protect investor rights, including the incorporation of equity, debt, and intellectual property pledges in bond issuance plans [9].
助力科创，中金公司如何产生“化学反应”？