21世纪经济报道 实习生 张长荣 记者 崔文静 北京报道 68家券商、56.48%增幅、3813.91亿元。 三个数字定义了2025年上半年债券市场的最大爆点！ 7月23日，中国证券业协会（以下简称"中证协"）发布2025上半年券商债券承销专项统计。 科技创新债表现最为抢眼。68家券商主承销380只科创债，规模高达3813.91亿元，同比大增56.48%！延 续了自2020年以来的爆发式增长势头（2019年规模仅2亿元）。从科技创新债券承销规模来看，中信证 券、中信建投、国泰海通三大巨头分食超47%份额。 更值得玩味的是，在中小微企业支持债、低碳转型债等新战场，五矿证券等中小券商以单点爆破的姿态 杀入榜首，硬生生在头部机构的铁幕上撕开裂缝。 中小券商在"一带一路"债券领域的表现同样亮眼。该品类自去年纳入统计后，今年上半年有3家中小券 商跻身承销规模前五，而去年这一数字仅为1家。 就证券公司排名而言，中信证券表现最佳，拿下4个类别的承销规模冠军；国泰海通、中金公司、中信 建投、华泰证券（合并华泰资管、华泰联合）等头部券商亦有多个类别承销规模位居行业前五。 债市"科技板"落地与券商混战交织下，一场关于"规模霸权" ...

2025年上半年券商债券承销业务呈现强劲增长态势。中国证券业协会发布的专项统计数据显示，科技创新债券承销规模实现突破性增长，68家券商共承销 380只科创债，合计金额达3813.91亿元，同比增长56.48%。民营企业债券承销同样表现亮眼，48家券商承销229只债券，总金额2393.94亿元，同比增长 30.32%。此次统计还首次纳入中小微企业支持债券相关数据，32家券商承销30只债券，合计金额118.2亿元。 部分中小券商通过聚焦特定领域实现差异化突围。五矿证券在中小微企业支持债券承销中表现突出，承销金额11亿元，承销家数4家，在该细分领域的两项 指标中均位列第一。财信证券在低碳转型债券承销家数方面排名第一，承销1.5家，金额9.23亿元。国开证券在"一带一路"债券承销家数指标中位列第一。 乡村振兴债券承销呈现快速增长态势，30家券商共承销37只债券，同比增长164.29%，合计金额266.24亿元，同比增长134.32%。中信证券在该领域同样保持 领先，承销金额35.98亿元，承销家数3.25家。国泰海通和华泰联合分别以26.84亿元和19.14亿元的承销金额位列第二、三名。地方政府债券方面，68家券商 ...

【导读】中证协公布上半年券商债券承销业务专项统计结果 见习记者 舍梨 从券商债券承销排名来看，部分中小券商发挥差异化优势，跻身榜单前列。在中小微企业支 持债券方面，五矿证券承销金额排名第一；低碳转型公司债券方面，财信证券主承销家数位 列第一。 绿色债券：中信建投位列第一 7 月 23 日，中国证券业协会（以下简称中证协）发布了 2025 年上半年证券公司债券承销 业务专项统计结果。 数据显示， 2025 年上半年，作为绿色债券主承销商（或资产证券化产品管理人）的证券公 司共 40 家，承销（或管理） 71 只债券（或产品），合计金额 594.44 亿元；作为科技创新 债券主承销商的证券公司共 68 家，承销 380 只债券，合计金额 3813.91 亿元。 承销金额超百亿元 中证协数据显示， 2025 年上半年，作为绿色债券主承销商（或资产证券化产品管理人）的 证券公司共 40 家，承销（或管理） 71 只债券（或产品），合计金额 594.44 亿元。其中， 资产证券化产品 19 只，合计金额 255.94 亿元。 从承销金额排名来看，中信建投承销金额达 129.92 亿元，位列第一，也是唯一一家规模超 过百 ...

7月23日，中国证券业协会发布2025年上半年度证券公司债券（含企业债券）承销业务专项统计。该项统计范围包括证券公司在上海证券交易所、深圳证券 交易所和北京证券交易所承销绿色债券（含管理资产证券化产品）、低碳转型债券、科技创新债券、乡村振兴债券（含管理资产证券化产品）、"一带一 路"债券、中小微企业支持债券、民营企业债券（含管理资产证券化产品）和中标地方政府债券的有关情况。 《每日经济新闻》记者经过对比后发现，在上述八大类债券中，科技创新债券爆发式增长。2025年科技创新债券上半年承销金额达 3813.91 亿元，同比增长 56.5%，参与券商从45 家增至68家。另外，从券商市场份额来看，头部券商在巩固自身优势的同时，部分中小券商差异化突围势头猛进。如财信证券主承销 低碳转型债券家数排名第一，金额排名第三；五矿证券在主承销中小微企业支持债券家数和金额两项统计中均排名第一。 科技创新债券爆发式增长 主承销科技创新债券金额方面，排名第一的中信证券主承销金额为711.01亿元。中信建投以 631.7亿元的主承销金额位列第二，与中信证券共同构成了第一 梯队。国泰海通、中金公司分别以 484.35 亿元和 299.1 ...

| 债券名称 | 许昌市城投发展集团有限公司2025年面向专业投资者非公开发行中小微企业支持 债券 | | --- | --- | | 债券类别 | 私募 | | 申报规模(亿元) | 20.00 | | 发行人 | 许昌市城投发展集团有限公司 | | 地区 | 河南 | | 承销商/管理人 | 中德证券有限责任公司 | | 项目状态 | 已受理 | | 交易所确认文件文号 | | | 受理日期 | 2025-07-21 | | 更新日期 | 2025-07-21 | 深交所项目进度信息显示，许昌市城投发展集团有限公司20亿元私募债项目状态更新为"已受理"，更新 日期为2025年7月21日。 ...

Group 1 - The first batch of 10 Sci-Tech Bond ETFs raised a total of 289.88 billion yuan in just one day, with several fund companies preparing for a second batch [1] - The effective subscription confirmation ratios for the ETFs from FuGuo and Bosera reached 96.58% and 99.27% respectively, indicating strong market interest [1] - The ETFs are scheduled to be listed on July 17, and multiple fund companies are actively participating in the development of bond ETFs [1] Group 2 - The Trading Association has initiated self-regulatory investigations into six lead underwriters due to concerns over underwriting fees related to a capital bond project [2] - The investigation is based on the self-regulatory rules of the interbank bond market, and any violations may lead to self-regulatory actions [2] Group 3 - The People's Bank of China conducted a 847 billion yuan reverse repurchase operation, maintaining a fixed interest rate of 1.40%, resulting in a net injection of 507 billion yuan [4] Group 4 - Gansu Province has established a 100 billion yuan emergency revolving fund to support key enterprises in repaying maturing debts [6] - The fund is structured to leverage 20 billion yuan from provincial finances with an additional 80 billion yuan from bank financing, aimed at mitigating high-risk hidden debts [6] Group 5 - Liaoning Province plans to issue special new bonds totaling 202.62 billion yuan, with specific projects outlined for infrastructure development [7] - The bonds will be issued in multiple phases, with the first phase targeting various infrastructure projects [7] Group 6 - The Henan Transportation Investment Group successfully issued 10 billion yuan in corporate bonds at an interest rate of 2.12%, with funds allocated for operational expenditures and debt repayment [8] - The bonds are set to be listed on the Shanghai Stock Exchange starting July 14 [8] Group 7 - The Zhoukou City Ziyuan Sci-Tech Industry Development Group has received approval from the Shenzhen Stock Exchange to issue 7 billion yuan in bonds to support small and micro enterprises [9] Group 8 - Zhongyuan Expressway has been authorized to register a total of 60 billion yuan in corporate bonds, including 20 billion yuan in public bonds and 40 billion yuan in renewable bonds [10] Group 9 - The Trading Association has reduced and canceled a total of 34.8 billion yuan in debt financing tool quotas across six companies [11][12] Group 10 - The market sentiment indicates that the current negative factors affecting the bond market are primarily based on expectations rather than actual events, with a focus on potential policy changes [16] - The bond market remains in a state of adjustment, with the central bank's reverse repos providing some stability [16]

文/深圳证券交易所债券业务中心课题组 租赁住房REITs，为民营企业提供办公、住宿等配套服务。同时，积极探索Pre-REITs、私募REITs、公 募REITs多层次市场建设，为民营企业项目"募投建管退"提供全链条融资服务。 2. 健全民营企业融资增信支持体系，疏通民营企业融资堵点卡点 截至2025年3月末，深交所累计支持民营企业发行债券3.67万亿元，占深交所债券发行总规模的36%。 其中，公司（企业）债券发行规模为2.29万亿元（含可转换债券），资产支持证券（ABS）发行规模为 1.37万亿元，REITs发行规模为81亿元。目前，民营企业债券期限以3年期和5年期为主，债项评级以 AA+和AAA为主，发行人或原始权益人位于广东、北京、重庆等多个省市，主要分布在金融业、租赁 和商务服务业、制造业等10余个行业。为更好支持民营经济发展，深交所不断丰富产品体系和规则体 系，积极推进一二级市场协同发展。 1. 加快产品创新、丰富产品体系，持续拓宽多元化融资渠道 一是聚焦"五篇大文章"，推出精准服务民营企业系列债券产品。顺应国家战略，推出科技创新债券、绿 色债券、低碳转型债券、中小微企业支持债券等专项品种，以及数字经 ...

Group 1 - The Tianjin Securities Regulatory Bureau, in collaboration with the Shanghai Stock Exchange and other local financial authorities, held a training session on bond financing for leasing and commercial factoring companies, attended by nearly 40 enterprises [1] - Experts from the Shanghai Stock Exchange introduced the types and characteristics of bond financing tools for leasing and commercial factoring companies, focusing on asset securitization review policies and typical case studies [1] - Participating companies expressed that the training was highly targeted, content-rich, and authoritative, providing strong guidance for practical bond financing work [1] Group 2 - Tianjin City places great importance on the development of the leasing and commercial factoring industries, positioning them as key components of financial innovation and operational demonstration zone construction [2] - By the end of 2024, the asset scale of leasing (including financial leasing) in Tianjin is expected to exceed 2.3 trillion yuan, with cross-border leasing businesses accounting for over 90% nationally, further solidifying its status as the world's second-largest aircraft leasing hub [2] - The asset scale of commercial factoring is projected to exceed 300 billion yuan, with factoring financing balances surpassing 250 billion yuan, maintaining a leading position nationwide [2] - Companies in the leasing and commercial factoring sectors are encouraged to deepen their understanding and application of bond market tools to achieve stable growth and support high-quality development of the real economy [2] - Specific bond types such as green bonds, low-carbon transition bonds, technology innovation bonds, and small and micro-enterprise support bonds are recommended to serve industries in green, low-carbon, and technological innovation [2] - It is essential to ensure that the underlying assets of asset-backed securities are genuine, legal, and effective, adhering strictly to legal regulations and self-discipline rules to protect investors' rights [2] - High-quality leasing and factoring companies are encouraged to explore practices in areas such as renewable asset-backed securities, non-credit-enhanced issuance, and data asset securitization products [2]

Core Viewpoint - The company plans to issue non-public corporate bonds to professional investors, aiming to optimize its debt structure, reduce financing costs, and enhance overall competitiveness [1][8]. Group 1: Bond Issuance Details - The total issuance amount is proposed to be no more than RMB 1 billion, including the full amount [2]. - The bond term will not exceed 5 years, with the possibility of single or multiple maturities [2]. - The bonds will be issued at par value of RMB 100, with a fixed interest rate to be determined based on market conditions [2][3]. - The issuance will be conducted through a book-building process, allowing for either a single or phased issuance [2][3]. Group 2: Use of Proceeds - The funds raised will be used for repaying existing debts, supplementing working capital, and supporting the development of small and medium enterprises related to the company's operations [3][4]. Group 3: Approval and Authorization - The bond issuance has been approved by the company's board and supervisory committee, pending approval from the shareholders' meeting and regulatory bodies [7][8]. - The company seeks authorization from the shareholders' meeting for the board to manage all aspects of the bond issuance, including adjustments based on market conditions [5][6]. Group 4: Risk Management and Guarantees - The company will implement measures to ensure debt repayment, including profit distribution restrictions and potential delays in major investments if repayment is at risk [4][8]. - The specifics of any guarantees for the bonds will be determined based on market conditions and regulatory requirements [3][4].

本公司及监事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：002366 证券简称：融发核电 公告编号：2025-037 一、监事会会议召开情况 和公司章程的规定。 融发核电设备股份有限公司 会议通知于 2025 年 6 月 5 日以邮件、电话、现场送达方式发出。 召开。 二、监事会会议审议情况 在公司出现预计不能按期偿付债券本息或者到期未能按期偿付债券本息的 情况时，同意公司至少采取如下措施，并提请股东大会授权公司董事会并提请董 事会转授权公司管理层办理与下述措施相关的一切事宜： 为进一步拓宽融资渠道，优化债务结构，降低融资成本，提高经济效益和综 合竞争力，公司拟面向专业投资者非公开发行公司债券，发行方案如下： 公司拟发行总额不超过人民币 10 亿元（含 10 亿元）的公司债券，债券品种 为科创债和中小微企业支持债券，两支债券具体发行额度以深圳证券交易所批文 为准。具体发行规模提请股东大会授权董事会并提请董事会转授权公司管理层在 前述范围内确定。 债券期限不超过 5 年（含 5 年），可为单一期限品种，也可为多种期限的混 合品种。具体存续期限和各期限品种的发行 ...