Core Insights - Technological innovation is identified as the core engine driving high-quality development, with a focus on forming new productive forces as a strategic support for building a modern industrial system [1] - Shenzhen securities firms are transitioning from "intermediary service providers" to "strategic value partners," placing technological innovation at the core of their corporate strategies [1] Group 1: Support for Technology Enterprises - Over the past three years, Shenzhen securities firms have successfully assisted 190 companies in listing on the Shanghai and Shenzhen stock exchanges, raising over 240 billion yuan [1] - Since the implementation of the registration system reform, Shenzhen securities firms have helped 193 companies list on the Sci-Tech Innovation Board and 162 on the Growth Enterprise Market, covering key strategic sectors such as information technology, biomedicine, and green energy [2] - Notable examples include the successful IPO of Yingshi Innovation, which raised 1.938 billion yuan, and the listing of Dingjia Precision, a national-level specialized "little giant" in consumer electronics [2] Group 2: Mergers and Acquisitions - Shenzhen Securities Regulatory Bureau has organized 15 events to promote understanding of merger and acquisition policies, encouraging firms to focus on key industrial chain enhancements [3] - Huatai United Securities has successfully executed significant merger cases, including the acquisition of Nexperia Holding B.V. by Wentai Technology [3] Group 3: Bond Financing - Shenzhen securities firms have responded quickly to the demand for "technology bonds," with six firms issuing a total of 16 billion yuan in technology innovation bonds [4] - In the first half of the year, CITIC Securities assisted over 40 companies in issuing technology innovation bonds, raising more than 70 billion yuan [5] Group 4: Comprehensive Financial Services - Since 2024, Shenzhen Securities Regulatory Bureau has conducted 58 activities to promote policy advocacy and investment matching, encouraging firms to establish specialized service teams [6] - CITIC Securities helped ZTE Corporation issue 3.584 billion yuan in H-share convertible bonds, while Huatai United Securities supported Demingli in a 972 million yuan private placement [6] Group 5: Future Directions - The Shenzhen Securities Regulatory Bureau emphasizes the importance of regulatory guidance to support national strategies and technological innovation, exploring new financing models such as technology REITs and ESG investments [7]