Group 1 - Xi'an Zhongke Optical Machine Investment Holding Co., Ltd. successfully issued its first phase of directional technology innovation bonds for 2025, with a total issuance scale of 300 million yuan and a maturity of 3 years at a coupon rate of 2.5% [1] - The bond issuance was supported by a credit risk mitigation tool fully created by Zheshang Bank, with a subscription multiple of 1.6 times and a marginal multiple of 4.6 times [1] - At least 80% of the raised funds will be used to support the technology innovation sector, focusing on advanced manufacturing, new generation information technology, and photonics industry [1] Group 2 - The bond issuance coincided with a policy window, as the People's Bank of China and the China Securities Regulatory Commission jointly announced support for the issuance of technology innovation bonds on May 7 [2] - Xi'an Zhongke is a platform for the transformation of scientific and technological achievements, initiated by the Xi'an Institute of Optics and Precision Mechanics of the Chinese Academy of Sciences, with investments from state-owned financial institutions and local governments [2] - The company has invested in and incubated 553 hard technology enterprises, with a total market valuation of 673.3 billion yuan [2]

Core Viewpoint - The "Results (Patent) Auction Season" and "J-TOP Innovation Challenge Season" in Jiangsu Province aim to enhance the transformation of scientific and technological achievements by connecting universities, research institutions, and enterprises through various mechanisms such as auctions, technical challenges, and financial empowerment [1][2] Group 1: Event Overview - The event is organized by multiple provincial departments including the Provincial Science and Technology Department and the Provincial Education Department, featuring 12 offline sessions organized by region and theme [2] - The introduction of a "pay after use" patent licensing model aims to lower the technical application barriers for small and medium-sized enterprises [1][2] Group 2: Achievements and Financial Support - Since its inception in 2020, the dual events have facilitated over 2,500 technology transactions, with a total transaction amount exceeding 1.5 billion yuan [2] - Financial institutions like Jiangsu Bank will provide exclusive financial services such as "transaction loans" and "instrument loans" to participating enterprises [2] Group 3: Focus Areas and Collaboration - The "Auction Season" focuses on the supply side of technological achievements, while the "Challenge Season" addresses the demand side by collecting enterprises' technical challenges in key industries such as biomedicine, advanced materials, and artificial intelligence [1] - The event will establish a project database for collaborations formed during the "Challenge Season" to ensure effective follow-up and project implementation [1][2]