本期债券所募资金将精准投向制造业、文化旅游、能源环保等领域的中小微企业融资租赁项目，精准对 接国家扶持实体经济导向，将有效缓解企业"融资难、融资贵"问题。国泰海通表示，公司始终坚持金融 服务实体经济，通过构建全链条综合金融服务体系，推动金融资源精准滴灌中小微企业，通过债券市场 创新金融工具促进资本与产业深度融合，为实体经济高质量发展提供持续动能。 中证报中证网讯（记者 林倩）近日，重庆银海融资租赁有限公司在上海证券交易所发行中小微企业支 持债券。本期债券发行规模10亿元，是重庆市首单中小微企业支持债券，由国泰海通担任牵头主承销商 和簿记管理人。 根据介绍，银海租赁成立于2005年，是全国第二批、西南地区首家内资试点融资租赁公司，目前是重庆 市融资租赁行业协会会长单位，中国外资租赁委员会副会长单位。企业专注融资租赁主业，已形成直接 租赁、售后回租、经营性租赁和商业保理四大类经营产品，主要业务集中在先进制造、飞机物流、能源 环保、文旅融合和民生健康（301507）等5个领域。银海租赁深耕融资租赁主业，凭借融资租赁的金融 创新能力和功能优势，持续赋能地方经济发展，已累计服务客户超300家，提供融资租赁资金近350亿 ...

原标题：大成助力西安金融控股有限公司2025年面向专业投资者非公开发行中小微企业支持债券成功发行 2025年12月2日，西安金融控股有限公司（以下简称"西安金控"）顺利完成2025年面向专业投资者非公开发行中小微企业支持债券的发行工作。此次债券 发行创下西部地区同评级、同品种、同期限债券发行利率最低及全场认购倍数最高的双重纪录。 作为区域金融产业综合运营服务商，西安金控此次债券发行是响应金融监管总局贯彻落实中央经济工作会议精神的重要举措，旨在破解中小微企业融资难 题，推动实现小微企业金融服务"保量、提质、稳价、优结构"的发展目标。本次债券发行规模3亿元，期限5年，票面利率仅2.97%，获得全场3.08倍踊跃 认购，不仅为中小微企业注入优质金融活水，更彰显了市场对公司综合实力的高度认可。 为此次债券发行提供全程法律服务的律师团队包括大成高级合伙人陈洁、合伙人（待备案）陶婷、律师王映兰。 大成西安分所资本市场团队长期专注于金融证券、企业合规等法律服务领域，始终以专业、高效的法律服务助力企业重大资本运作项目落地。此次助力西 安金控债券发行，是团队践行"法律服务赋能实体经济"理念的又一成功实践。未来，团队将持续发挥专 ...

"十四五"时期，广西资本市场实现跨越式发展，交出了一份可圈可点的成绩单：新增上市公司5家，直接融资规模突破3000亿元，私募基金净值规模增长超千亿 元。这一系列数字背后，是资本市场与实体经济深度融合的生动实践，更是广西加快建设现代化产业体系的生动注脚。 规模扩容质效双升 直接融资彰显硬核支撑 "十四五"时期，广西资本市场锚定服务地方经济发展大局，以多层次资本市场建设为抓手，推动直接融资规模实现历史性突破，为实体经济发展提供了稳定高效的 资金保障。 数据显示，2021年至2025年9月末，广西辖区企业通过多层次资本市场直接融资达3008亿元，较"十三五"时期增长约21%，其中股权融资245亿元，债券融资2763亿 元，债券融资规模增幅高达38.87%。全国首单"绿色科创低碳转型挂钩"公司债、深交所首单中小微企业支持债券等创新产品先后落地。 中小创新型上市公司队伍的持续壮大成为广西资本市场发展的鲜明注脚。"十四五"时期，广西新增上市公司5家，其中创业板2家、北交所3家，星辰科技成为首批北 交所上市企业，天山电子开创广西县域IPO先河，形成了"培育一批、申报一批、上市一批"的良性循环。 截至2025年三季度末，广西 ...

（原标题：决胜"十四五" 擘画"十五五"·地方资本市场高质量发展之广西篇：资本助力八桂焕新 书写广 西产业跃升"生动注脚"） "十四五"期间，广西资本市场实现跨越式发展，交出了一份可圈可点的成绩单：新增上市公司5家，直 接融资规模突破3000亿元，私募基金净值规模增长超千亿元。这一系列数字背后，是资本市场与实体经 济深度融合的生动实践，更是广西加快建设现代化产业体系的生动注脚。 规模扩容质效双升 直接融资彰显硬核支撑 证券时报记者 康殷 "十四五"期间，广西资本市场锚定服务地方经济发展大局，以多层次资本市场建设为抓手，推动直接融 资规模实现历史性突破，为实体经济发展提供了稳定高效的资金保障。 数据显示，2021年至2025年9月末，广西辖区企业通过多层次资本市场直接融资达3008亿元，较"十三 五"时期增长约21%，其中股权融资245亿元，债券融资2763亿元，债券融资规模增幅高达38.87%。全国 首单"绿色科创低碳转型挂钩"公司债、深交所首单中小微企业支持债券等创新产品先后落地。 中小创新型上市公司队伍的持续壮大成为广西资本市场发展的鲜明注脚。"十四五"期间，广西新增上市 公司5家，其中创业板2家、北交所 ...

图①为广西防城港北部湾大道。 图②为广西南宁CBD。 图虫创意/供图 证券时报记者 康殷 "十四五"期间，广西资本市场实现跨越式发展，交出了一份可圈可点的成绩单：新增上市公司5家，直 接融资规模突破3000亿元，私募基金净值规模增长超千亿元。这一系列数字背后，是资本市场与实体经 济深度融合的生动实践，更是广西加快建设现代化产业体系的生动注脚。 规模扩容质效双升 直接融资彰显硬核支撑 "十四五"期间，广西资本市场锚定服务地方经济发展大局，以多层次资本市场建设为抓手，推动直接融 资规模实现历史性突破，为实体经济发展提供了稳定高效的资金保障。 数据显示，2021年至2025年9月末，广西辖区企业通过多层次资本市场直接融资达3008亿元，较"十三 五"时期增长约21%，其中股权融资245亿元，债券融资2763亿元，债券融资规模增幅高达38.87%。全国 首单"绿色科创低碳转型挂钩"公司债、深交所首单中小微企业支持债券等创新产品先后落地。 中小创新型上市公司队伍的持续壮大成为广西资本市场发展的鲜明注脚。"十四五"期间，广西新增上市 公司5家，其中创业板2家、北交所3家，星辰科技成为首批北交所上市企业，天山电子开创广西县 ...

"十四五"期间，广西资本市场实现跨越式发展，交出了一份可圈可点的成绩单：新增上市公司5家，直 接融资规模突破3000亿元，私募基金净值规模增长超千亿元。这一系列数字背后，是资本市场与实体经 济深度融合的生动实践，更是广西加快建设现代化产业体系的生动注脚。 规模扩容质效双升 直接融资彰显硬核支撑 "十四五"期间，广西资本市场锚定服务地方经济发展大局，以多层次资本市场建设为抓手，推动直接融 资规模实现历史性突破，为实体经济发展提供了稳定高效的资金保障。 数据显示，2021年至2025年9月末，广西辖区企业通过多层次资本市场直接融资达3008亿元，较"十三 五"时期增长约21%，其中股权融资245亿元，债券融资2763亿元，债券融资规模增幅高达38.87%。全国 首单"绿色科创低碳转型挂钩"公司债、深交所首单中小微企业支持债券等创新产品先后落地。 中小创新型上市公司队伍的持续壮大成为广西资本市场发展的鲜明注脚。"十四五"期间，广西新增上市 公司5家，其中创业板2家、北交所3家，星辰科技成为首批北交所上市企业，天山电子开创广西县域 IPO先河，形成了"培育一批、申报一批、上市一批"的良性循环。 截至2025年三季度末 ...

Core Insights - The China Securities Association reported a significant increase in bond underwriting activities by securities firms in the first three quarters of 2025, with a total of 75 firms underwriting 674 bonds worth 705.18 billion yuan, marking a year-on-year growth of 57.77% [1][2] Group 1: Green Bonds - In the first three quarters of 2025, 51 securities firms acted as lead underwriters for green bonds, underwriting 137 bonds totaling 109.01 billion yuan, with asset securitization products accounting for 40 bonds worth 49.62 billion yuan [1] - The top three firms in green bond underwriting were CITIC Securities, CITIC Jiantou, and Guotai Junan, with underwriting amounts of 18.79 billion yuan, 12.54 billion yuan, and 10.15 billion yuan respectively [1] Group 2: Low-Carbon Transition Bonds - A total of 26 securities firms served as lead underwriters for low-carbon transition bonds, underwriting 25 bonds with a total value of 14.38 billion yuan [1] - The leading firms in this category were Guotai Junan, GF Securities, and Guoxin Securities, with underwriting amounts of 1.70 billion yuan, 1.26 billion yuan, and 1.00 billion yuan respectively [1] Group 3: Technology Innovation Bonds - The same 75 securities firms also acted as lead underwriters for technology innovation bonds, underwriting 674 bonds worth 705.18 billion yuan, reflecting a year-on-year increase of 57.77% [2] - The top underwriters in technology innovation bonds included CITIC Securities, CITIC Jiantou, and Guotai Junan, with underwriting amounts of 141.79 billion yuan, 111.17 billion yuan, and 84.46 billion yuan respectively [2] Group 4: Support for SMEs and Private Enterprises - In the first three quarters, 41 securities firms underwrote 50 bonds for small and micro enterprises, totaling 20.77 billion yuan [2] - For private enterprise bonds, 56 firms underwrote 368 bonds worth 391.36 billion yuan, with asset securitization products accounting for 212 bonds valued at 190.40 billion yuan [2] - Leading firms in underwriting small and micro enterprise support bonds included Wukuang Securities, Guosen Securities, and Guotai Junan, while CITIC Securities, Ping An Securities, and Huatai Asset Management led in private enterprise bond underwriting [2] Group 5: Local Government Bonds - A total of 69 securities firms participated in issuing local government bonds, with a combined winning bid amount of 336.95 billion yuan across 31 regions [2] - The firms with the most successful bids were Galaxy Securities, Huatai Securities, and Guotai Junan, with successful bids in 31, 30, and 29 regions respectively [2]

Core Insights - The report from the China Securities Association highlights the significant growth in bond underwriting by securities firms in key sectors such as technology innovation, private enterprises, and green low-carbon initiatives, with CITIC Securities leading in many categories [1][2] Group 1: Bond Underwriting Performance - In the first three quarters of this year, the bond underwriting amount for technology innovation exceeded 700 billion yuan, marking a year-on-year increase of over 57% [1] - Private enterprise bond underwriting reached 391.36 billion yuan, reflecting a year-on-year growth of 43.46% [1] - CITIC Securities dominated the bond underwriting landscape, securing the top position in half of the key performance indicators [2] Group 2: Key Players in Bond Underwriting - Among 75 securities firms involved in technology innovation bonds, a total of 674 bonds were underwritten, amounting to 705.18 billion yuan, with CITIC Securities leading at 141.79 billion yuan [3] - In the private enterprise bond sector, 56 firms underwrote 368 bonds totaling 391.36 billion yuan, with CITIC Securities, Ping An Securities, and Huatai Asset Management taking the top three spots [3] - Smaller firms like Wenkang Securities excelled in underwriting bonds for small and micro enterprises, leading in both the number and amount of bonds underwritten [2][3] Group 3: Green and Low-Carbon Initiatives - In the green finance sector, 51 firms underwrote 137 green bonds totaling 109.01 billion yuan, with CITIC Jin Investment and CITIC Securities among the top underwriters [4] - The report indicates that 26 firms participated in low-carbon transition bonds, underwriting 25 bonds worth 14.38 billion yuan [4] - Securities firms are also actively supporting rural revitalization, with 41 firms underwriting 68 bonds totaling 42.65 billion yuan [4] Group 4: Belt and Road Initiative and Local Government Bonds - Nineteen firms underwrote 12 bonds related to the Belt and Road Initiative, with a total amount of 11.3 billion yuan [5] - A total of 69 firms participated in local government bond underwriting, achieving a combined winning bid amount of 336.95 billion yuan [5]

Group 1 - The China Securities Association reported that 75 securities firms acted as main underwriters for technology innovation bonds, underwriting 674 bonds with a total amount of 705.18 billion yuan in the first three quarters of 2025, an increase from 446.98 billion yuan in the same period of 2024 [1] - In the first three quarters, 56 securities firms served as main underwriters for private enterprise bonds, underwriting 368 bonds with a total amount of 391.36 billion yuan [1] - A total of 51 securities firms acted as main underwriters for green bonds, managing 137 bonds with a total amount of 109.01 billion yuan [1] Group 2 - 41 securities firms served as main underwriters for rural revitalization bonds, managing 68 bonds with a total amount of 42.65 billion yuan [1] - 41 securities firms acted as main underwriters for small and micro enterprise support bonds, underwriting 50 bonds with a total amount of 20.77 billion yuan [2] - 26 securities firms served as main underwriters for low-carbon transition bonds, underwriting 25 bonds with a total amount of 14.38 billion yuan [2] Group 3 - 19 securities firms acted as main underwriters for Belt and Road bonds, underwriting 12 bonds with a total amount of 11.3 billion yuan [2] - 69 securities firms participated in issuing local government bonds, with a total winning bid amount of 336.95 billion yuan across 31 regions [2]

Core Insights - The China Securities Association reported statistics on bond underwriting by securities firms for the first three quarters of 2025, highlighting the growing role of various types of bonds in the market [1][2] Group 1: Green Bonds - A total of 51 securities firms acted as primary underwriters for green bonds, managing 137 bonds/products with a total amount of 109.01 billion yuan, including 40 asset-backed securities totaling 49.62 billion yuan [1] - 26 firms served as primary underwriters for low-carbon transition bonds, underwriting 25 bonds with a total amount of 14.38 billion yuan [1] Group 2: Technology Innovation Bonds - 75 securities firms were primary underwriters for technology innovation bonds, underwriting 674 bonds with a total amount of 705.18 billion yuan [1] Group 3: Rural Revitalization Bonds - 41 firms acted as primary underwriters for rural revitalization bonds, managing 68 bonds/products with a total amount of 42.65 billion yuan, including 8 asset-backed securities totaling 6.28 billion yuan [1] Group 4: Belt and Road Bonds - 19 securities firms served as primary underwriters for Belt and Road bonds, underwriting 12 bonds with a total amount of 11.3 billion yuan [1] Group 5: Support for SMEs - 41 firms acted as primary underwriters for bonds supporting small and micro enterprises, underwriting 50 bonds with a total amount of 20.77 billion yuan [2] Group 6: Private Enterprise Bonds - 56 firms served as primary underwriters for private enterprise bonds, managing 368 bonds/products with a total amount of 391.36 billion yuan, including 212 asset-backed securities totaling 190.40 billion yuan [2] Group 7: Local Government Bonds - 69 securities firms participated in issuing local government bonds, with a total winning bid amount of 336.95 billion yuan across 31 regions [2]