在获得中介机构认可后，九安医疗的疑虑仍未完全打消。"我们对债券市场并不熟悉，真的能成功 发债吗？谁会来买？发行利率行不行？发债募来的钱能否真正用于基金出资？发债流程是不是真的高效 便捷，有没有可能半年都审不完？"为解决这些疑问，中国银行间市场交易商协会（以下简称"交易商协 会"）在天津组织的一场政策说明会起到了关键作用。 "会上，交易商协会对公司的各项疑问逐一解答，并给予了明确且肯定的答复，彻底消除了我们的 顾虑，坚定了公司发债的信心。"刘毅说，7月1日，九安医疗科技创新债券发行项目正式上报交易商协 会；8月7日，正式取得项目批文；8月21日，完成首期发行。 渤海银行既是该笔债券发行的主承销商之一，也是主要投资者。该行投资银行部总经理林杰夫对 《金融时报》记者表示，发行科技创新债券有望为九安医疗及海河海棠基金注入新动能，加速优质项目 与科创成果转化，同时撬动更多金融活水流向科技创新领域，为发掘、培养、扶持更多优质的科技创新 型企业发展壮大提供有力支持。 "本次科技创新债券新政的支持力度大，最终能够以AAA的信用评级和1.83%的发行利率，圆满完 成公司在债券市场的首次公开亮相，首期发行规模达10.5亿元。这一 ...

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、发行基本情况 华能澜沧江水电股份有限公司（以下简称公司）已于近日完成了2025年度第八期科技创新债券和第十期 绿色超短期融资券（乡村振兴）的发行，发行额分别为人民币10亿元、10亿元，发行利率分别为 1.64%、1.62%，期限分别为227天、105天，单位面值均为100元人民币。本次发行完成后，公司短期融 资券（含超短期融资券）余额为人民币64亿元，中期票据（含永续中票）余额为人民币160亿元。 2025年度第八期科技创新债券由中国银行作为牵头主承销商，中国工商银行作为联席主承销商。第十期 绿色超短期融资券（乡村振兴）由中国银行作为牵头主承销商，国家开发银行作为联席主承销商，通过 簿记建档、集中配售的方式在全国银行间债券市场公开发行，债券募集资金将用于偿还带息负债。债券 发行的有关文件已在中国货币网和上海清算所网站公告，网址分别为www.chinamoney.com.cn和 www.shclearing.com。 二、审批程序履行情况 公司2025年5月27日召开的2024 ...

投资咨询业务资格：证监许可【2011】1778 号 期货研究报告 资讯早班车-2025-11-21 一、 宏观数据速览 | 发布日期 | 指标日期 | 指标名称 | 单位 | 当期值 | 上期值 | 去年同期值 | | --- | --- | --- | --- | --- | --- | --- | | 20251020 | 2025/09 | GDP:不变价:当季同比 | % | 4.80 | 5.20 | 4.60 | | 20251031 | 2025/10 | 制造业 PMI | % | 49.00 | 49.80 | 50.10 | | 20251031 | 2025/10 | 非制造业 PMI:商务活 动 | % | 50.10 | 50.00 | 50.20 | | 20251113 | 2025/10 | 社会融资规模增量:当 | 亿元 | 8161.00 | 35299.00 | 14120.00 | | | | 月值 | | | | | | 20251113 | 2025/10 | M0(流通中的现金):同 比 | % | 10.60 | 11.50 | 12.80 | | 202511 ...

Core Points - The company has approved the issuance of medium-term notes with a registered amount of 10 billion RMB, which has been registered by the China Interbank Market Dealers Association [1][2] - The company successfully issued its fifth phase of technology innovation bonds, raising a total of 1 billion RMB, with funds received on November 14, 2025 [2] Group 1 - The company’s board approved the proposal for the registration and issuance of medium-term notes on March 28, 2025, which was subsequently approved by the 2024 annual general meeting [1] - The registered amount for the medium-term notes is valid for two years from the date of the notice, allowing the company to issue in tranches [1] - The issuance results will be disclosed through channels recognized by the China Interbank Market Dealers Association after completion [1] Group 2 - The company issued 10 billion RMB in its fifth phase of technology innovation bonds, with all funds received by November 14, 2025 [2] - Detailed issuance information and related documents can be found on the China Money website and the Shanghai Clearing House website [2]

Core Viewpoint - GAC Group has received approval for the registration of its technology innovation bonds, allowing it to raise funds through medium-term notes totaling 15 billion yuan [1] Group 1: Registration Details - The registration amount for the medium-term notes is set at 15 billion yuan [1] - The validity of the registration is effective for two years from the date of the notice [1] Group 2: Underwriters - A consortium of banks including China Merchants Bank, Industrial and Commercial Bank of China, and others will act as joint lead underwriters for the bond issuance [1]

Core Viewpoint - GAC Group has received approval from the trading association for the registration of its technology innovation bonds, indicating a strategic move to enhance its funding capabilities [1] Group 1 - The trading association issued a "Registration Acceptance Notice" for GAC Group's technology innovation bonds [1] - The registered amount for the bonds is set at 15 billion yuan, which reflects the company's commitment to innovation and development [1] - The registration validity period is two years from the date of the notice [1]

广汽集团公告称，公司收到交易商协会出具的《接受注册通知书》，同意接受公司科技创新债券注册， 注册金额为150亿元，注册额度自通知书落款之日起2年内有效。联席主承销商包括招商银行股份有限公 司、中国工商银行股份有限公司等12家银行。公司将在注册额度及有效期内择机发行中期票据，并及时 履行信息披露义务。 ...

Core Viewpoint - Huaxin Securities has successfully issued the "2025 Non-Public Offering of Technology Innovation Corporate Bonds (Phase I)" aimed at professional investors, raising funds to support technology innovation through various financial services [1] Group 1: Bond Issuance Details - The bond has a coupon rate of 1.77% and was oversubscribed with a multiple of 2.90 times [1] - The funds raised will be utilized for market-making services for technology innovation stocks and ETFs [1] Group 2: Policy Support - The issuance is supported by a favorable policy environment for technology innovation bonds established earlier this year [1] - The People's Bank of China and the China Securities Regulatory Commission issued a joint announcement on May 7, 2023, to support the issuance of technology innovation bonds by financial institutions, technology enterprises, private equity, and venture capital institutions [1] Group 3: Future Plans - Huaxin Securities plans to deepen its technology finance layout and innovate products and services around five key areas [2] - The company aims to contribute to high-level technological self-reliance and modernization in China through more precise and impactful financial practices [2]

Monetary Policy Overview - The central bank conducted a reverse repurchase operation of 403.8 billion yuan with a fixed rate of 1.40% on November 11, resulting in a net injection of 286.3 billion yuan after accounting for 117.5 billion yuan in reverse repos maturing on the same day [2][4]. Market Liquidity - The central bank's significant net injection has led to a more balanced supply and demand in the interbank market, although overnight repo rates have increased to 1.51% [4]. - The latest overnight financing rate in the U.S. stands at 3.93% [4]. Interbank Certificates of Deposit - The latest transaction rate for one-year interbank certificates of deposit is approximately 1.63%, remaining stable compared to the previous day [7]. Bond Yield Rates - The yield rates for various government bonds are as follows: - 1-year: 1.40% - 2-year: 1.43% - 3-year: 1.43% - 5-year: 1.53% - 7-year: 1.70% - 10-year: 1.80% - 30-year: 2.15% [9]. Recent Policy Developments - The central bank emphasized enhancing financial support to boost consumption and proposed measures to support personal credit recovery and the real estate sector [13]. - The National Development and Reform Commission reported that 500 billion yuan in new policy financial tools have been fully allocated, with 105 infrastructure REITs projects recommended, leading to an expected total investment exceeding 1 trillion yuan [14]. Global Economic Insights - European Central Bank officials noted a balanced inflation risk and slightly higher growth and inflation than expected, while expressing concerns about retail investor participation in the stock market [16]. Bond Market Events - Upcoming bond issuance includes 26.16416 billion yuan in local government bonds by Guizhou Province on November 18 [18]. - Notable negative events in the bond market include downgrades and extensions involving various companies, indicating potential risks in the sector [19]. Non-standard Asset Risks - Recent disclosures indicate various non-standard asset risks associated with trust plans and other products, highlighting the need for vigilance in investment strategies [20].

Core Viewpoint - Hongxin Electronics (300657.SZ) has received a registration notice from the China Interbank Market Dealers Association for its technology innovation bonds, indicating a positive step towards raising funds through the issuance of medium-term notes [1] Group 1 - The company has registered an amount of 500 million yuan for its medium-term notes [1] - The registration validity period is two years from the date of the notice [1] - Xiamen Bank Co., Ltd. and Zheshang Bank Co., Ltd. are the joint lead underwriters for this issuance [1]