Group 1 - The core viewpoint of the news is the successful establishment of the first holding-type real estate asset-backed securities (ABS) in Southwest China by CITIC Securities and Sichuan Energy Development, marking a significant innovation in the financial market [1] - The Shenzhen Stock Exchange has been actively promoting innovation in the bond market, including the issuance of specialized products like science and technology bonds and green bonds, which have seen significant growth in issuance amounts [2][4] - As of October 2025, the Shenzhen Stock Exchange has issued 1,225 billion yuan in science and technology bonds and 429 billion yuan in green bonds, representing year-on-year growth of 37% and 54% respectively, effectively directing funds to key national support areas [2] Group 2 - The Shenzhen Stock Exchange has listed REITs covering diverse infrastructure types, raising a total of 638 billion yuan, and has introduced innovative ABS products, cumulatively issuing 8,462 billion yuan, which supports small and medium-sized enterprises [3] - The exchange is enhancing the secondary bond market by focusing on innovative products and improving liquidity support, which is crucial for long-term capital flow into key national support areas [4] - Future plans include strengthening the development of innovative bond market products and promoting the replication of successful projects to provide better financial tools for issuers and investors [5]