据介绍，为了支持股权投资机构在"科技板"发行长期限的债券融资，人民银行会同证监会借鉴2018年设立民营企业债券融资支持工具的经验， 创设了科技创新债券风险分担工具。 潘功胜表示，股权投资机构在支持科技创新、特别是促进资本形成方面发挥着关键作用。有统计显示，股权投资机构参与支持了我国近九成科 创板上市公司和六成创业板上市公司。但是股权投资机构在债券市场发债融资比较少，而且用自身来发债融资可能期限比较短、成本也相对比 较高。 据悉，科技创新债券风险分担工具由人民银行提供低成本的再贷款资金，可以购买科技创新债券，同时与地方政府、市场化增信机构一起，采 取多样化的增信措施，共同参与分担债券投资人的违约损失风险；还可以有效降低股权投资机构的发债融资成本，支持其发行更长期限，比如 8年期、10年期债券。 此外，潘功胜还介绍了两项资本市场创新工具的工作进展。去年9月，潘功胜宣布人民银行会同证监会、金融监管总局等部门创设两项支持资 本市场的工具。目前，互换便利工具已经开展了2次操作、总金额1050亿元；超过500家上市公司、主要股东公告使用贷款回购增持股票，贷款 总金额约3000亿元。 从作用看，潘功胜举例，去年11月份、今 ...

Core Viewpoint - The introduction of the "swap convenience tool" has allowed various securities firms to enhance their liquidity and investment capabilities, with a focus on balancing functionality and profitability in their operations [1][2][3] Group 1: Implementation of Swap Convenience Tool - The People's Bank of China launched the "swap convenience" initiative to allow qualified securities, fund, and insurance companies to exchange less liquid assets for high-quality liquid assets like government bonds [1] - Several firms, including Shenwan Hongyuan and Dongfang Securities, have actively participated in this initiative, with Shenwan Hongyuan being a pioneer in using the tool for market-making on the Beijing Stock Exchange [1][2] Group 2: Financial Impact and Reporting - China Galaxy reported that its participation in the swap convenience operations has effectively increased its equity investment scale, contributing to the stability of the capital market [2] - Guosen Securities disclosed that the fair value of bonds obtained through swap convenience for repurchase agreements was 2.944 billion yuan, while Zhejiang Securities reported 521 million yuan in restricted equity investments related to this business [2] Group 3: Future Strategies and Goals - Financial institutions like Citic Securities and Dongwu Securities plan to balance the functionality and profitability of the funds obtained through swap convenience, aiming to enhance comprehensive financial service capabilities [3] - Companies are looking to expand their investment scope and maintain market activity by leveraging the advantages of lower funding costs associated with the swap convenience tool [3]