Group 1 - The Shanghai Clearing House and Shanghai Rural Commercial Bank jointly launched the first bond index focused on Shanghai state-owned enterprises, aiming to support the reform and upgrade of these enterprises and enhance the quality and efficiency of the real economy [1] - The Shanghai State-owned Enterprise Preferred Bond Index reflects the yield levels and credit characteristics of high-grade public bonds issued by local state-owned enterprises, serving as a benchmark for financing costs and investment targets [1] - This initiative marks a new phase in the refined and tool-oriented development of the bond market for Shanghai state-owned enterprises, facilitating a positive interaction between capital markets and state-owned enterprise development [1] Group 2 - Shanghai Rural Commercial Bank emphasizes its mission of inclusive finance to enhance the quality of life for citizens, focusing on three core strategies: customer-centricity, inclusive finance, and digital transformation [2] - The bank aims to create value for customers and build a comprehensive financial service group with excellent brand experience, while exploring the application scenarios of the new bond index to support the high-quality development of Shanghai state-owned enterprises [2] - The bank's efforts contribute to national strategies and the construction of Shanghai as an international financial center [2]

Core Insights - The Shanghai Clearing House and Shanghai Rural Commercial Bank jointly launched the Shanghai State-owned Enterprises Preferred Bond Index, which aims to provide a comprehensive reflection of the price trends in the state-owned enterprise bond market [1] Group 1 - The index is designed to cover various sectors of Shanghai's real economy, ensuring a broad representation of the market [1] - It serves as both an investment target and a performance benchmark for investors [1] - The launch of the index is part of a broader discussion on bond index investment and its future applications [1]