Core Viewpoint - The article highlights significant financial activities and achievements of Shenwan Hongyuan Securities, showcasing its role in facilitating major transactions and financing projects in various sectors, particularly in technology and green finance [5][8][13]. Group 1: Technology Finance - Shenwan Hongyuan assisted TCL Technology Group in successfully completing a major asset acquisition and financing project, with a total transaction value of 11.562 billion yuan, marking the largest equity purchase asset project in the electronics industry since 2021 [5]. - The financing raised 4.359 billion yuan at a share price of 4.21 yuan per share, demonstrating the company's capability in managing large-scale financial transactions [5][6]. - Shenwan Hongyuan also supported Shandong Tianyue Advanced Technology in its successful IPO on the Hong Kong Stock Exchange, with a final pricing of 42.8 HKD per share and a base issuance scale of approximately 2.044 billion HKD [8]. Group 2: Regional Finance - A bond financing exchange meeting was held in Shaanxi Province, organized by Shenwan Hongyuan, focusing on the latest trends in the bond market and innovative financing policies, aimed at empowering local enterprises and enhancing economic development [14]. - The meeting attracted around 150 participants, including bond issuers, investors, and regulatory experts, indicating strong interest in regional financial opportunities [14]. Group 3: Green Finance - Shenwan Hongyuan successfully facilitated the issuance of 5 billion yuan green financial bonds for Hebei Bank, which received the highest AAA rating, with a low coupon rate of 1.83% [13]. - This issuance marks the first non-capital financial bond from a commercial bank in Hebei Province since the province's inclusion in the balance management scope in 2025 [13]. Group 4: Corporate Bonds - Shenwan Hongyuan played a key role in the issuance of technology innovation bonds for multiple companies, including a 10 billion yuan bond for China Gezhouba Group, which supports the western development initiative [16]. - The bonds were issued in two varieties, with the first having a term of 3+N years and the second 5+N years, both achieving historically low interest rates for similar bonds in the central region [16]. - Additionally, the company assisted in the issuance of 10 billion yuan and 5 billion yuan technology innovation bonds for other entities, showcasing its expertise in managing corporate bond offerings [11].

Core Viewpoint - The article highlights significant developments and strategic partnerships of Shenwan Hongyuan Securities, focusing on their initiatives in financial technology, bond issuance, and pension finance, which aim to enhance their market position and service offerings [5][10][14]. Financial Technology - Shenwan Hongyuan has signed a strategic cooperation agreement with Tencent to deepen collaboration in financial technology infrastructure, innovation, and information security, particularly in the AI large model domain [5][6]. Bond Issuance - Shenwan Hongyuan acted as a joint lead underwriter for China National Building Material Group's issuance of 30 billion yuan in technology innovation bonds, with two tranches: one with a 3+N year term and a coupon rate of 1.98%, and another with a 5+N year term at 2.05%, achieving subscription multiples of 2.73 and 2.18 respectively [8]. - The company also facilitated Beijing Construction Group's issuance of 20 billion yuan in technology innovation bonds, with a 3+N year tranche at a 1.85% coupon rate and a 5+N year tranche at 2.07%, achieving subscription multiples of 2.7 and 1.67 respectively [9]. - Additionally, Shenwan Hongyuan successfully issued the first phase of the Silver Enjoyment series pension income certificates, with a total issuance of 50 million yuan, which was fully subscribed, enhancing the pension finance toolkit [10]. Regional Financial Services - The company launched a listing service station in Xuhui District to provide tailored and efficient listing services for technology innovation enterprises, supporting their high-quality development in the capital market [14]. - A seminar titled "Seventy Years of Tianshan Road, Ten Chains of Eurasian Bridge" was successfully held, focusing on the development of industrial clusters in Xinjiang, attended by over 200 industry experts and representatives [16]. Awards and Honors - Shenwan Hongyuan's subsidiary, Shenyin Wanguo Futures, received multiple awards from Zhengzhou Commodity Exchange for its "Insurance + Futures" projects, recognizing their excellence in project execution and promotion [19].

Core Viewpoint - The article highlights the various financial services and support provided by Shenwan Hongyuan Securities to promote inclusive finance, technological innovation, and regional development through successful bond issuances and financial products. Inclusive Finance - Shenwan Hongyuan assisted Haier Financing Leasing in successfully issuing the first non-public offering of bonds supporting small and micro enterprises in the leasing industry, with a scale of 500 million yuan and a coupon rate of 2.50% [2] - The company supported Zhuzhou Kent Hard Alloy Co., Ltd. in its successful listing on the New Third Board, contributing to the development of specialized and innovative enterprises [3] Technology Finance - Shenwan Hongyuan helped China State Construction Engineering Corporation's Eighth Engineering Bureau issue bonds supporting technological innovation for small and micro enterprises, with a total scale of 1 billion yuan [4] - The company facilitated the issuance of perpetual bonds for China Railway Construction Corporation and China Railway Group, with total scales of 3 billion yuan and 2.5 billion yuan respectively, aimed at enhancing technological innovation capabilities [5] Green Finance - Shenwan Hongyuan successfully completed its first carbon asset repurchase business in the Hubei carbon market, providing flexible financing channels for enterprises and supporting their green development initiatives [10] Regional Finance - The company acted as the sole lead underwriter for the issuance of bonds totaling 200 million yuan for the Hami State-owned Assets Investment and Operation Co., Ltd. in Xinjiang [11] - Shenwan Hongyuan also supported the issuance of various bonds in Shaanxi, including a 2 billion yuan bond for Shaanxi Transportation Holding Group and a 600 million yuan bond for Shaanxi Tourism Group [12] Financial Innovation - Shenwan Hongyuan launched its first batch of early interest dual-value income certificates linked to gold spot contracts, with total subscriptions exceeding 50 million yuan, showcasing its strength in financial innovation [16]