Group 1 - The core viewpoint of the news is the successful establishment of a contract-based credit derivative transaction linked to floating-rate sci-tech bonds by Pudong Development Bank, China International Capital Corporation, and Orient Securities, with Shanghai Clearing House providing bilateral clearing services [1] - The transaction is expected to enhance the fair pricing of floating-rate sci-tech bonds, support the issuance and trading of sci-tech bonds, and guide financial resources to support technological innovation [1][2] - Shanghai Clearing House has developed a comprehensive credit derivative clearing service system to improve market efficiency, covering various aspects such as cash flow calculation, fund settlement, credit event settlement, valuation management, and counterparty credit risk management [1] Group 2 - Shanghai Clearing House plans to continue fostering the credit derivative market under the guidance of the People's Bank of China, focusing on product innovation and mechanism optimization to enrich product supply [2] - The goal is to build a resilient and vibrant interbank credit derivative market that supports the development of a multi-tiered bond market [2]