Core Viewpoint - The second batch of technology innovation bonds (科创债) supported by risk-sharing tools is set to be issued in the interbank market from November 26 to 28, following a successful roadshow on November 24, aimed at providing financial support for technology innovation activities [1] Group 1: Issuance and Participants - Four private equity investment institutions are participating in the second batch of technology innovation bonds, aiming to raise a total of 930 million yuan [1] - The institutions involved include 基石资产管理股份有限公司 (基石资本), 深圳同创伟业资产管理股份有限公司, 盛景嘉成投资管理有限公司, and 上海道禾长期投资管理有限公司 [1] - 基石资本 plans to issue 400 million yuan of bonds as part of a larger 1.5 billion yuan issuance over two years, with most funds directed towards future investments in technology innovation [1] Group 2: Funding and Support Mechanisms - The technology innovation bonds have a term of up to 10 years, aligning with the investment horizon of the managed innovation funds [2] - The risk-sharing tools have significantly enhanced the issuance capacity of the bonds, providing a basic funding guarantee for the innovation funds established over the next two years [2] - Three of the four participating companies received credit enhancement from the risk-sharing tools, while one received market-based credit enhancement from 中债信用增进投资股份公司 [2] Group 3: Market Impact and Future Outlook - As of November 21, the interbank market has supported 276 companies in issuing technology innovation bonds totaling 534.6 billion yuan, with the issuance scale exceeding 10% of the total debt financing tools in the market for the first time [3] - The participation of private enterprises in the technology bond market has increased, with 55 private companies issuing 107.4 billion yuan, accounting for 20% of the total issuance [3] - The risk-sharing tools have effectively leveraged funds into key sectors such as integrated circuits, artificial intelligence, biomedicine, and new materials, demonstrating the ongoing support for technology innovation [3]

新网银行作为数字金融先锋，深耕科技金融、绿色金融、普惠金融、养老金融、数字金融五大领域，以 线上服务触达小微、AI风控筑牢屏障、绿色金融助力"双碳"、适老化服务传递温度，为实体经济注入数 字时代的澎湃动能。这不仅是一家民营银行的探索之路，更是三十年精神血脉在数字时代的延续与升华 ——根植人民、因需而变、与时偕行。 科技金融：专利转化引擎，科创造血新动能 自1995年中国第一家城市商业银行落子深圳，如今城商行已走过三十年历程。这三十年，是城商行服务 实体经济的三十年，是精细化、差异化发展的三十年。在监管指引下，城商行始终坚守"服务城乡居 民、服务中小企业、服务地方经济"的基本定位，走出了一条特色化的发展道路，成为我国多层次金融 体系中举足轻重的组成部分。 在国家政策持续引导金融机构破解小微企业融资难题的背景下，新网银行坚持"两个只做"——只做主流 银行不能充分服务的客群，只做依靠技术能够管控风险的业务，以差异化战略破局，通过全线上化数字 信贷产品的精准触达，新网银行以科技力量延伸了金融服务实体经济的毛细血管。 针对供应链场景中的小微企业，新网银行创新推出"全线上、全实时、纯信用、随借随还"的去中心化供 应链金融 ...

21世纪经济报道记者张欣 11月22日，为凝聚行业智慧、探寻发展新路径，由南方财经全媒体集团指导、21世纪经济报道主办 的"第二十届21世纪金融年会"在北京盛大召开。 "农业银行将坚定不移扛起服务高水平科技自立自强的责任，以全周期、全链条服务陪伴科技型企业成 长。"在"主题论坛一：金融助力高水平科技自立自强"上，农业银行（以下简称"农行"）公司业务部副 总经理郑旭华结合农行实践分享了金融服务科技创新的思路与成效。他强调，国有大行作为国家金融体 系的支柱力量，需以更完善的服务体系、更精准的政策工具，为科技自立自强提供坚实金融支撑。 "在中美博弈的大背景下，大家对科技自立自强都有切肤之痛。特别是'十五五'期间作为实现社会主义 现代化的关键时期，科技自立自强的成效将为其提供坚实底座。"郑旭华在谈及学习四中全会精神体会 时表示，这一认识让农业银行更加明确了在科技金融领域的使命与责任。 在组织体系建设上，农行在全国设立25家科技金融服务中心，挂牌300多家科技金融专业支行，组建超 1300人的专家团队，"通过能力画像形成专家库，让客户经理能快速匹配专家为科技企业提供精准支 持"，目前全行已有近5000名直接从事科技金融 ...

当前，科技创新已成为驱动经济高质量发展的核心引擎，而金融作为实体经济的血脉，如何精准滴灌科 创领域、破解融资难问题，成为行业关注的焦点。 近年来，银行理财凭借超30万亿元的市场规模、近1.4亿投资者的基础，已然成为连接社会资本与科创 产业的关键桥梁。作为渤海银行旗下的专业理财机构，渤银理财有限责任公司（以下简称"渤银理财"） 在科技金融领域的探索与实践颇具代表性。 首先，提高政治站位，充分认识到实现高水平科技自立自强的重要性和紧迫性，紧跟国家政策导向，重 点聚焦集成电路、人工智能、生物医药、数据中心、先进材料等关键领域，不断提升金融服务科技创新 质效。其次，加强顶层设计，公司将做好科技金融大文章纳入年度工作计划及工作要点，成立科技金融 领导小组，由公司主要负责人担任组长，各相关部门指派专人负责科技金融产品设计、风控审批、资产 投放等业务环节，自上而下贯彻落实做好科技金融工作各项部署。最后，健全业务机制，深入理解宏观 政策导向，做好行业研究，完善业务标准，疏通业务堵点，筛选目标客户，丰富主题产品形态、期限及 投资策略，建立业务审批绿色通道，科学设置业务考核指标，不断加大科技创新领域资源投入力度。 在具体成效方面 ...

Core Viewpoint - The article emphasizes the importance of the financial sector as a vital component of national competitiveness and economic development, highlighting the need for banks to support the real economy and align with the goals set forth in the 14th Five-Year Plan [1] Group 1: Financial Sector Development - The banking industry is tasked with optimizing credit structures, innovating product services, and improving mechanisms to meet the demands of key areas such as industrial upgrading, technological innovation, and rural revitalization [1][2] - The 14th Five-Year Plan includes the goal of building a modern industrial system, with a focus on intelligent, green, and integrated development [2] Group 2: Industry-Specific Financial Services - Banks should create a differentiated, full-chain industrial financial service system to efficiently allocate financial resources to key industries [2][3] - Emphasis is placed on supporting traditional industries like mining and metallurgy, as well as emerging sectors such as renewable energy and aerospace, through tailored credit policies [2] Group 3: Technology and Innovation Financing - The banking sector is encouraged to develop a comprehensive financial service system that covers the entire lifecycle of technology enterprises, focusing on early-stage investments and support for technology commercialization [4][5] - Establishing a multi-dimensional ecosystem involving government, venture capital, and research institutions is crucial for matching technology, capital, and talent [5] Group 4: Inclusive Finance - The banking industry is urged to enhance inclusive finance to support employment stability and income growth, particularly for small and micro enterprises and rural areas [7][8] - Innovations in financial products and services are necessary to meet the financing needs of small businesses and promote rural revitalization [7] Group 5: Wealth Management and Consumer Finance - Banks should optimize wealth management and consumer finance services to stimulate domestic consumption, which is vital for economic growth [9][10] - The development of personalized financial products and services is essential to meet diverse consumer needs and enhance financial literacy among residents [9][10]

Core Viewpoint - China Construction Bank Hunan Branch focuses on five key areas: technology finance, green finance, inclusive finance, pension finance, and digital finance, contributing to Hunan's high-quality development and supporting the "Three Highs and Four New" strategy [2][3][4][5][6][7] Group 1: Technology Finance - The bank has developed a "technology flow" evaluation system to address the financing difficulties of technology enterprises, allowing patents to be converted into financial assets [2] - Over 19,000 technology enterprises have been served, with a technology loan balance of 247.1 billion yuan, growing at over 20% for three consecutive years [2] Group 2: Green Finance - Green finance is prioritized, with a loan balance of 230.52 billion yuan expected by October 2025, representing a fivefold increase over five years [3] - The bank implements policies such as separate credit plans and green channels to direct funds towards green industries [3] Group 3: Inclusive Finance - The bank has introduced a new credit model through the "CCB Hui Dong Ni" app, enabling "one-minute financing" for small and micro enterprises [4] - The inclusive finance loan balance reached 134.62 billion yuan, serving over 160,000 small micro customers [4] Group 4: Pension Finance - The bank has implemented a "three slow, three fast" approach to enhance financial services for the elderly, with 540 branches undergoing age-friendly modifications [5] - A comprehensive service system covering pension finance, industry, and services is in place to support the elderly [5] Group 5: Digital Finance - The bank has innovated a "canteen card" system to facilitate digital governance, allowing public officials to use facial recognition for meals across different locations [6] - This initiative promotes clean governance and has been adopted by all party and government agencies [6] Group 6: Overall Impact - The bank's digital finance practices are integrated into various aspects of Hunan's economic and social development, enhancing support for national strategies and local growth [7]

一是产品创新，丰富资金来源。将募集资金重点投向科技创新领域，引导社会资金汇聚为支持科技 创新的规模化资本。产品运作过程中，通过强化自身投研能力，优化资产配置，切实提升产品收益，增 强产品吸引力，扩大资金募集规模，为科技创新产业发展注入理财动力。 二是生态联动，汇聚各方合力。理财公司应充分利用理财公司母行在网点、人员方面的优势，在符 合监管要求、落实风险隔离的前提下，与母行集团积极联动，共享地方政府产业政策与科技园区资源， 优选目标客户，形成覆盖企业初创、成长到成熟各阶段的综合性金融服务方案，实现"政府+产业+金 融"协同发展，打造金融服务科技创新企业"生态圈"。 三是投资协同，强化股债结合。理财公司一方面可以充分发挥理财资金在债券类业务上的优势，重 点投资各类科技创新债券，定向支持新质生产力、"两重""两新"等重点领域；另一方面探索股债结合， 结合科技创新企业发展特点，通过发行"固收+"、权益类及专项私募产品，开展股票、REITs、私募股权 等各类资本市场业务，深度挖掘科技创新企业资金需求，提供全生命周期金融服务。 《金融时报》记者：基于这些路径与机制，渤银理财在支持科技创新方面取得了哪些具体进展和成 效？能 ...

Core Viewpoint - The report highlights the proactive role of over-the-counter (OTC) derivatives traders in supporting national strategies and the real economy, showcasing their contributions to the financial sector through various initiatives and case studies [1]. Group 1: OTC Derivatives Empowerment - 44 OTC traders participated in a survey, with 42 providing effective data and case studies, demonstrating the industry's achievements in the financial sector [2]. - In the technology finance sector, 17 traders customized OTC derivatives to meet the complex needs of tech companies and investors, facilitating capital flow into the tech sector through innovative products [2]. - In green finance, 30 traders developed a low-carbon economy service system, utilizing OTC derivatives to support green industries and optimize resource allocation [2]. Group 2: Inclusive Finance and Pension Finance - 30 traders expanded their service coverage in inclusive finance, providing affordable financial services to small and micro enterprises, farmers, and the general public, enhancing economic resilience [3]. - In pension finance, traders are focusing on comprehensive wealth management for residents, offering innovative risk management and personalized solutions through OTC derivatives [3]. Group 3: Digital Finance - 37 traders emphasized the use of financial technology in OTC business development, transitioning risk management from experience-driven to algorithm-driven approaches [4]. Group 4: Consensus on Function Positioning - Traders reached a consensus on the role of OTC derivatives in the high-quality development of the securities industry, recognizing their ability to connect on-market and off-market activities and act as a stabilizing force [5]. - OTC derivatives provide customized, flexible, and refined management tools for professional investors, meeting diverse investment needs [5]. - The business model of OTC derivatives is driving strategic transformation and service upgrades for traders, enhancing their core capabilities in risk management and digital empowerment [5]. Group 5: Challenges and Recommendations - Despite achievements, traders face challenges such as limited business types, disparities in funding and talent, and the need for improved understanding of regulatory guidance [6]. - Recommendations include enhancing top-level design, supporting robust cross-border business systems, strengthening digital investment, and promoting positive industry image [6].

Core Insights - The article highlights the recognition of various banks in Shenzhen for their contributions to providing high-quality financial services to technology innovation enterprises, thereby supporting the development of new industries and economic models [2][3][4][5]. Group 1: Awarded Institutions - The awarded institutions include major banks such as Bank of China, Agricultural Bank of China, Bank of Communications, Ping An Bank, China Everbright Bank, Shanghai Bank, Guangfa Bank, and Zhuhai Huaren Bank [2]. Group 2: Contributions of Awarded Banks - **Bank of China Shenzhen Branch**: Focused on inclusive finance and key industries, serving over 15,000 local tech enterprises with technology loans exceeding 270 billion yuan, and loans for strategic emerging industries and manufacturing surpassing 200 billion yuan each [2]. - **Agricultural Bank of China Shenzhen Branch**: Innovated multiple financial products, including the first knowledge property asset-backed note and a customized loan product for drone technology enterprises [2]. - **Bank of Communications Shenzhen Branch**: Developed the "Kechuang Pengfei Loan" to address financing difficulties for small and medium-sized tech enterprises by integrating 12 lending dimensions into the assessment system [3]. - **Ping An Bank**: Established a technology finance center to create a comprehensive financial service system covering the entire lifecycle of tech enterprises, with specialized teams in key branches [3]. - **China Everbright Bank Shenzhen Branch**: Built a specialized service team and innovative "Sunshine Innovation" products to support enterprises throughout their lifecycle [3]. - **Shanghai Bank Shenzhen Branch**: Focused on providing diversified financial support for tech innovation enterprises, establishing a unique "12345" technology finance service system [3]. - **Guangfa Bank Shenzhen Branch**: Emphasized customer-centric high-quality development and created a comprehensive technology finance service system [4]. - **Zhuhai Huaren Bank**: Engaged in the Bay Area development, focusing on integrating finance with industry to create a technology-driven specialty industrial bank [5].

Core Viewpoint - The article emphasizes the role of China Postal Savings Bank's Shenzhen branch in supporting the real economy through targeted financial services aligned with national strategies, particularly focusing on the "14th Five-Year Plan" and its five key areas of financial development [2][6]. Group 1: Financial Support for Real Economy - The Shenzhen branch integrates its services with the "14th Five-Year Plan" by focusing on the development of a modern industrial system and strengthening the real economy [2]. - The branch has developed a comprehensive service system that aligns with the "20+8" industrial cluster strategy, ensuring a precise match between financial resources and the needs of Shenzhen's real economy [2][3]. Group 2: Inclusive Finance Initiatives - The branch utilizes its 69 outlets across the city to enhance financial accessibility, particularly in urban agriculture and rural revitalization, launching products like "U Grain Easy Loan" to support the grain industry [3]. - It has served over 3,000 small and micro enterprises, issuing loans exceeding 15 billion yuan, focusing on advanced manufacturing and technology-driven businesses [3]. Group 3: Technological and Green Finance - The branch has established a dedicated technology finance division, offering specialized products like "Tech Innovation Loans" and "Intellectual Property Pledge Loans" to support key sectors such as integrated circuits and artificial intelligence [4]. - It is actively involved in green finance, supporting Shenzhen's dual carbon goals through various financial instruments, including green loans and bonds, particularly in sectors like new energy vehicles and green buildings [4]. Group 4: Regional Development and Strategic Partnerships - The branch has signed strategic cooperation agreements with local governments and organizations, channeling over 1 trillion yuan into major projects within the Guangdong-Hong Kong-Macao Greater Bay Area [5]. - It is committed to enhancing service capabilities through digital transformation and risk management improvements, ensuring robust support for the local economy [6]. Group 5: Focus on Livelihood and Consumer Finance - The branch has launched initiatives to boost local consumption, including personal loan subsidies and partnerships with merchants to enhance consumer experiences [7][8]. - It has developed a comprehensive pension finance system, supporting various aspects of elderly care and financial literacy, with significant growth in personal pension accounts [8]. Group 6: Commitment to Continuous Improvement - The Shenzhen branch aims to deepen its financial services' precision and effectiveness, contributing to the high-quality development of the real economy and supporting Shenzhen's role as a model for socialism with Chinese characteristics [8].