Core Viewpoint - The second batch of 14 Sci-Tech Bond ETFs was fully subscribed on the first day, raising approximately 40 billion yuan, marking a record for single-day fundraising in the fund issuance market this year [2][6]. Fund Issuance Market - The second batch of 14 Sci-Tech Bond ETFs was launched on September 12, with most funds reaching close to the 3 billion yuan fundraising cap, leading to a total of about 40 billion yuan raised [4][6]. - The first batch of 10 Sci-Tech Bond ETFs has a total scale exceeding 123 billion yuan as of September 11, contributing to an overall scale of over 160 billion yuan for Sci-Tech Bond ETFs [2][8]. Market Growth - The total scale of bond ETFs has seen rapid growth, reaching 571.89 billion yuan as of September 11, a 228.72% increase from the end of last year [8]. - With the establishment of the second batch of Sci-Tech Bond ETFs, the overall market scale for bond ETFs is expected to surpass 600 billion yuan [8]. Industry Dynamics - The issuance of Sci-Tech Bond ETFs is driven by favorable regulatory changes, including differentiated approval arrangements for bond funds that align with national strategies [6][9]. - The market is witnessing a structural optimization and expansion of bond ETFs, with increasing liquidity and a diverse investor base [9].

Core Viewpoint - The 25th China International Investment Trade Fair highlighted the importance of investing in China as a pathway to future opportunities, emphasizing the role of the event in promoting international investment and cooperation [1]. Group 1: International Business - The fair serves as a global public investment platform, facilitating domestic and international dual circulation and high-level opening-up amid changing international environments and domestic industrial upgrades [3]. - Bosera Asset Management has established a comprehensive international business network across Asia, North America, Europe, and Africa, with asset management scale exceeding 100 billion HKD [3][4]. - The company has launched innovative products, including the first long-duration U.S. Treasury ETF in Hong Kong and a virtual asset spot ETF, positioning itself as a leader in industry transformation [4]. Group 2: Index Investment - Index products are becoming essential tools for global investors to access Chinese opportunities, with Bosera leading the development of index business [5]. - The company has developed a diverse range of index products, including broad-based, cross-border, and thematic ETFs, enhancing its product toolbox [5]. - Bosera aims to meet the diverse investment needs of clients through its "Bosera Smart Investment" brand, providing comprehensive investment solutions [5]. Group 3: Financial Strategy and ESG - Bosera integrates national financial strategies into its operations, focusing on technology finance and innovation to support high-quality development [8]. - The company has committed to ESG principles, launching green financial products and participating in initiatives to promote sustainable investment [9]. - Bosera has developed a comprehensive pension finance model, enhancing investor education and services to improve the overall investor experience [9]. Group 4: Digital Transformation - The company is at the forefront of digital finance, incorporating AI into its investment research processes to enhance efficiency and decision-making [10]. Group 5: Overall Impact - With over 1.6 trillion CNY in assets under management and a commitment to high-quality development, Bosera's practices contribute significantly to the globalization of Chinese asset management [11]. - The company aims to be a guide for global capital while translating the value of Chinese assets, ensuring that both China and the world can share in the opportunities presented [12].

本报（chinatimes.net.cn）记者陶炜 南京报道 9月11日，人民银行江苏省分行召开新闻发布会，人民银行江苏省分行会同江苏省委金融办、江苏金融 监管局、江苏证监局等部门联合出台《扎实做好金融"五篇大文章"助力江苏经济高质量发展行动方案》 （下称"行动方案"），围绕五大专项行动，提出20条具体措施，因地制宜做好江苏金融"五篇大文章"， 助力江苏经济高质量发展。 《华夏时报》记者从采访中了解到，行动方案中多项措施为全国率先提出。例如，行动方案提出要加大 对全国高校区域技术转移转化中心（江苏）建设和发展的金融支持，构建完善"概念验证+拨投结合+基 金支持+信贷服务"的科技创新全链条支持机制。而与这条措施对应的，则是江苏省在教育部支持下建 设的全国首个高校区域技术转移转化中心，"江苏在很多措施上都是有自己特色的。"人民银行江苏省分 行信贷政策管理处处长李军对《华夏时报》记者说。 "五篇大文章"，五个专项行动 实际上，这些专项行动已经是进行时。例如，江苏省委金融办会同省有关部门在江苏省综合金融服务平 台中先后开发建设人才金融、绿色金融、蓝色金融、乡村振兴金融等多个子板块和省普惠金融发展风险 补偿基金专板，归 ...

Core Viewpoint - The central financial work conference emphasizes the importance of technology finance as a key task, with Guangfa Bank actively supporting the national strategy for technological self-reliance and innovation through bond underwriting services [1] Group 1: Bond Underwriting Services - Guangfa Bank focuses on bond underwriting as a crucial tool, innovating service models to meet the needs of technology companies characterized by "light assets, high investment, and long cycles" [2] - The bank has established a "white list" for technology enterprises, providing prioritized services and approvals for listed companies, enhancing bond issuance efficiency through digital tools [2] Group 2: Sector-Specific Support - In the information technology sector, Guangfa Bank assisted a leading communications company in issuing 1 billion yuan in technology innovation bonds to support its operations and technological breakthroughs [2] - For energy-saving and environmental protection, the bank helped a high-tech construction company issue 336 million yuan in bonds to promote green building projects in Xinjiang [3] - In agricultural technology, Guangfa Bank secured 2 billion yuan in low-cost funding for an agricultural innovation firm, enhancing China's agricultural competitiveness and food security [3] - The bank supported a leading high-end equipment manufacturer with 1 billion yuan in financing to facilitate its green energy transition and smart upgrades [4] - In advanced manufacturing, Guangfa Bank assisted a precision manufacturing leader in raising 1.5 billion yuan to optimize its debt structure and enhance digital manufacturing capabilities [4] - For new materials, the bank helped a leading glass company issue 300 million yuan in bonds to strengthen its core competitiveness in electronic components [4] Group 3: Commitment to Technological Empowerment - Guangfa Bank aims to create a virtuous cycle of "technology-industry-finance," focusing on the financing needs of technology enterprises throughout their lifecycle and contributing to the construction of a technology-driven nation [4]

Core Insights - The 2025 China International Service Trade Fair showcased China Construction Bank's (CCB) commitment to digital finance and service innovation, emphasizing its role in supporting the real economy and contributing to a financial strong nation [1][2]. Digital Finance Integration - CCB's exhibition highlighted the integration of digital technology and modern finance, showcasing the use of AI and big data to enhance financial services and support high-quality development [2]. - The bank's "Five-dimensional Integrated" technology finance system aims to channel financial resources towards technological innovation, improving service quality and efficiency [2]. Green Finance Initiatives - CCB demonstrated its commitment to green finance through innovative practices in green credit and ESG risk management, aligning with the "Green Beijing" strategy [2]. - The bank has developed a group standard for "Bank Green Outlet Construction" and has opened its first green outlet in Beijing, focusing on energy and carbon reduction [4]. Elderly Financial Services - CCB is advancing its "1314" pension financial service system, offering comprehensive services through its subsidiaries to support the aging economy [3]. - The bank has expanded its specialized pension financial outlets in Beijing, integrating health monitoring technology to enhance service delivery [3]. Urban Renewal Support - CCB has actively supported urban renewal projects in Beijing, providing over 800 billion yuan in loans for more than 200 projects, achieving a market share exceeding 40% in this sector [5]. Support for Small and Micro Enterprises - The bank launched the "Cross-border Quick Loan - Foreign Trade Loan" to assist small foreign trade enterprises, addressing their financing challenges with favorable terms [6]. Financial Education and Digital Currency - CCB introduced a digital financial education platform utilizing 3D, VR, and AI technologies to enhance public financial literacy and risk awareness [7]. - The bank also facilitated the opening of digital RMB wallets at the fair, promoting the use of digital currency through partnerships with local businesses [7]. Commitment to Quality Development - CCB aims to continue its high-quality development strategy, positioning itself as a key player in supporting the real economy and maintaining financial stability in China [7].

Core Viewpoint - The China Construction Bank (CCB) showcased its commitment to digital finance and service innovation at the 2025 China International Fair for Trade in Services, emphasizing its role in supporting the real economy and contributing to the construction of a financial powerhouse [1][11]. Digital Finance Integration - CCB's exhibition highlighted the integration of digital technology and modern finance, showcasing the use of artificial intelligence and big data to enhance financial services and drive high-quality development [2][11]. - The "Smart Finance" theme was central to the exhibition, demonstrating CCB's efforts to embrace digital transformation and improve service efficiency [2]. Technological and Green Finance Initiatives - CCB presented its "Five-Dimensional Integrated" technology finance system, aimed at directing financial resources towards technological innovation and enhancing service quality [3]. - The green finance section illustrated CCB's initiatives in green credit and ESG risk management, supporting the "Green Beijing" strategy and contributing to sustainable development [3][8]. Inclusive Financial Services - The "Hui Dong Ni" APP allows small business owners to obtain preliminary credit limits quickly, addressing the financing challenges faced by small enterprises [3]. - CCB's pension finance service system, branded as "Jian Yang An," offers comprehensive services including account management and investment, supporting the aging economy [3][4]. Urban Renewal and Financial Support - CCB has actively participated in urban renewal projects in Beijing, providing over 800 billion yuan in loans to support more than 200 projects, achieving a market share exceeding 40% in this sector [9][10]. - The bank has established a green branch in accordance with carbon reduction standards, furthering its commitment to sustainable finance [8]. Financial Education and Digital Currency - CCB introduced a digital education platform utilizing 3D, VR, and AI technologies to enhance public financial literacy and risk awareness [11]. - The bank also facilitated the opening of digital RMB wallets at the fair, promoting the use of digital currency through various consumer incentives [11].

Core Viewpoint - The automotive industry in Jilin Province is a pillar of the local economy, with Changchun aiming to develop a trillion-level automotive industry cluster, supported by financial services from China Construction Bank Jilin Branch [1] Group 1: Financial Support for Automotive Industry - China Construction Bank Jilin Branch has been collaborating with China FAW Group since 1999, focusing on innovative financing models for new car inventory, providing robust financial support for automotive dealers and new car circulation [3] - The bank has established the "e-sales通" spare parts financing platform to enhance the sales chain, supporting over 1,000 automotive dealers and disbursing more than 700 billion RMB in credit funds by the end of July [3] Group 2: Supply Chain Activation - In response to challenges like chip shortages, the bank has tailored the "e货融通" product to activate dormant funds and streamline the supply chain, moving financing from accounts payable to the order stage, with over 5 billion RMB in loans disbursed to over 100 upstream technology suppliers by the end of July [4] - The bank's efforts aim to ensure the stability of the supply chain for China FAW Group, facilitating research and innovation to adapt to product upgrades [3][4] Group 3: Ecosystem Enrichment - The bank employs a combination of "bank acceptance bills + discount" to optimize payment models for upstream suppliers, reducing capital occupation costs and enhancing payment efficiency, thereby providing continuous financial support for the entire industry chain [5] - The focus is on creating a stable operational environment for the automotive industry amidst the global energy transition and the ongoing transformation of the automotive sector [5] Group 4: Commitment to the Real Economy - China Construction Bank Jilin Branch emphasizes its commitment to serving the real economy, leveraging its financial expertise to support the growth of China FAW Group and contribute to the development of the national industry [7]

Core Viewpoint - The 2025 China International Fair for Trade in Services (CIFTIS) showcases the robust development of China's service trade and serves as a significant platform for the "Beijing Service" brand, with Bank of China Beijing Branch demonstrating its financial innovation and commitment to global financial services [1] Group 1: Financial Innovation and Services - Bank of China Beijing Branch has been the exclusive global partner of the banking industry for five consecutive years at CIFTIS, showcasing various financial service cases that highlight its role in supporting the construction of a strong financial nation and high-quality development in the capital [3] - The branch introduced the "CUBe Card," a first-of-its-kind card that integrates digital RMB payments, mobile communication, and municipal transportation functions into a single SIM card, facilitating a seamless experience for foreign travelers [3] - The branch has been the exclusive agent for Beijing's departure tax refund services for ten years, innovating a "one point connects the whole city" model for immediate refunds, enhancing the shopping and tax refund experience for international visitors [3] Group 2: Digital Currency and Payment Solutions - The branch has actively promoted the application of digital RMB, launching over ten commemorative hard wallet products since the pilot in 2020, and introduced a new version featuring elements of traditional Chinese culture during CIFTIS [4] - Self-service machines for hard wallets were showcased, allowing for easy application, recharge, and recycling, further enhancing service convenience [4] Group 3: Cross-Border Financial Innovation - The branch is involved in the "Two Zones" construction in Beijing, utilizing cross-border financial innovations to assist enterprises in expanding internationally and attracting foreign investment, thereby broadening the global reach of "Beijing Service" [5] - A groundbreaking project for interoperable digital trade payments was successfully launched in April, reducing document circulation costs by approximately 30% and significantly improving trade efficiency [5] Group 4: Trade Facilitation and Public Service Platforms - The establishment of the "Jingmao Xing" platform, a new international trade public service platform in the Beijing-Tianjin-Hebei region, has reduced the review cycle for offshore trade from about one month to 3-7 days, greatly enhancing trade convenience [6] Group 5: Support for Modern Industry and Financial Services - Bank of China Beijing Branch is committed to injecting financial resources into the modernization of the industrial system in Beijing, focusing on technology finance and inclusive finance to strengthen the industrial foundation of "Beijing Service" [7] - The branch has supported over 5,000 technology enterprises with credit support amounting to nearly 90 billion yuan, showcasing its commitment to fostering innovation [7] - Inclusive finance initiatives include specialized products like "High-tech Loan" and "Science and Technology Star Fire Loan," aimed at meeting the needs of small and micro enterprises and enhancing their risk resilience [7]

Group 1 - Wuhan Financial Holding Group's Jiangcheng Fund brand successfully issued its first technology innovation corporate bond with a scale of 800 million yuan, a term of 3 years, and a coupon rate of 2.09%, achieving a subscription multiple of 2.56 times [1][3] - The successful issuance of the corporate bond marks the first appearance in the capital market for Hubei Fund Company after obtaining a China Chengxin AAA credit rating, indicating a significant milestone for the company [1][3] Group 2 - Hubei Fund Company is actively embracing financial innovation and responding to national technology finance strategic deployments, seizing opportunities from regulatory policies for industrial financing [3] - The issuance of the corporate bond promotes the transformation and upgrading of enterprise financing models towards market-oriented and diversified approaches, successfully reducing medium- and long-term financing costs [3] - The company aims to strengthen its comprehensive strength and risk resistance capabilities while continuing to expand its layout in areas such as the semiconductor industry under the overall coordination of the Jiangcheng Fund brand [3] - Future plans include enhancing the synergy between fiscal, industrial, and financial policies, forming a full lifecycle fund layout to support the "965" industry chain in Wuhan, including the integrated circuit industry [3]

Group 1 - The core viewpoint emphasizes the importance of public funds adhering to political and people-oriented financial work while enhancing investment and risk management capabilities to create substantial long-term returns for investors [1] - The company is committed to serving the real economy, improving the quality and efficiency of financial services, and focusing on major national strategic needs [1][2] - The company aims to strengthen investment research and management capabilities while ensuring investor long-term returns through a core philosophy of fiduciary responsibility [1] Group 2 - In the field of technology finance, the company has developed a big data-based intelligent investment research and risk control platform to enhance decision-making and risk management efficiency [2] - The company has established an ESG investment research system to incorporate environmental risks and corporate governance into investment decision-making [2] - The company has launched smart beta index strategy products to identify high-quality investment opportunities aligned with the green transition [2] Group 3 - In the area of pension finance, the company has developed pension fund of funds (FOF) products and organized educational initiatives to enhance pension investment awareness [3] - The company is focusing on the silver economy by investing in the domestic innovative pharmaceutical industry and has two products included in the personal pension product catalog [3] - The company emphasizes investor protection and long-term asset allocation to enhance the experience of pension investors [3] Group 4 - In the realm of inclusive finance, the company has created a diverse fixed-income product line to connect government bonds with residents, promoting inclusive financial services [3] - The company actively conducts online and offline educational activities to improve investor knowledge and satisfaction [3] - The company supports rural revitalization strategies through initiatives like educational donations in revolutionary areas [3] Group 5 - In digital finance, the company leads investment opportunities through technological innovation and has launched the first domestic digital economy-themed ETF product [3] - The company is promoting digital transformation across its governance and operations to enhance service quality [3] - The company plans to focus on long-term strategic perspectives and comprehensive planning for high-quality development [4]