来源：上海证券报·中国证券网 上证报中国证券网讯（记者 何漪）12月3日，第二十五届中国股权投资年度大会正式召开。会上，毅达 资本董事长应文禄表示，回顾2025年，在全球供应链、创新链与资本链加速重构的大背景下，一级市场 投资逐步活跃，二级市场迎来科技引领的结构性行情，科技资产价值得到重估；同时，支持科技创新的 资金愈发充沛，首批民营创投科创债成功落地，为产业创新注入了强劲的金融活水。 如何判断优秀企业？应文禄进一步谈到，必须坚持企业家画像，研究企业家是否完成了从"技术偏科 生"到"全面领航者"的蜕变，是否具备全球化格局、精细化管理能力及强大的供应链整合能力。 来源：上海证券报·中国证券网 上证报中国证券网讯（记者 何漪）12月3日，第二十五届中国股权投资年度大会正式召开。会上，毅达 资本董事长应文禄表示，回顾2025年，在全球供应链、创新链与资本链加速重构的大背景下，一级市场 投资逐步活跃，二级市场迎来科技引领的结构性行情，科技资产价值得到重估；同时，支持科技创新的 资金愈发充沛，首批民营创投科创债成功落地，为产业创新注入了强劲的金融活水。 如何判断优秀企业？应文禄进一步谈到，必须坚持企业家画像，研究企业家 ...

Core Insights - The first batch of projects supported by the technology innovation bond risk-sharing tool has been successfully launched [1] - Five private equity investment institutions received credit enhancement and investment support from the risk-sharing tool, completing issuances totaling 1.35 billion yuan [1] Group 1 - The technology innovation bond risk-sharing tool aims to provide financial support to innovative projects [1] - The successful issuance of bonds indicates a positive response from the private equity sector towards the new financial instrument [1] - The total issuance amount of 1.35 billion yuan reflects the growing interest in leveraging technology for financial solutions [1]

Group 1 - The core viewpoint of the article is the successful issuance of the first private equity venture capital technology innovation bond in China, marking a significant milestone in the capital market [1] - The total registered scale of the project is 1.5 billion yuan, with the first phase raising 400 million yuan and a bond term of 10 years, which is the largest in this batch of projects [1] - The issuance was led by Guosen Securities as the chief underwriter, with an interest rate of 1.85%, and the subscription scale was 6.3 times the amount of the first phase, involving 17 investment institutions [1]