Group 1 - In August 2025, the interbank market issued a total of 1,139 debt financing instruments amounting to 8,035 billion yuan [1] - The breakdown of the issuance includes: 2,523 billion yuan in super short-term financing bonds, 466 billion yuan in short-term financing bonds, 3,985 billion yuan in medium-term notes, 499 billion yuan in targeted debt financing instruments, and 493 billion yuan in asset-backed notes [1] - As of the end of August 2025, the cumulative issuance of panda bonds in the interbank market reached 8,149 billion yuan, with 1,125 billion yuan issued in the current year [3] Group 2 - In August, the issuance of innovative products included: 138 billion yuan in green debt financing tools, 59 billion yuan in rural revitalization notes, 160 billion yuan in asset-backed commercial paper, 70 billion yuan in sustainable development-linked bonds, and 772 billion yuan in sci-tech notes/sci-tech bonds [3]

Core Viewpoint - China General Nuclear Power Corporation (CGN Power) has received approval from the interbank market association to register and issue various debt financing instruments, enhancing its financial flexibility and funding options for future projects [1] Group 1: Debt Financing Tools - The company has obtained a registration notice from the interbank market association, allowing it to issue debt financing tools for a period of two years from the date of the notice [1] - The registered debt financing tools include short-term financing bonds, medium-term notes, asset-backed notes, green debt financing tools, and targeted debt financing tools [1] - The company will determine the lead underwriter, product type, issuance scale, and duration for each issuance [1]

Core Viewpoint - China General Nuclear Power Corporation (CGN) has announced the approval of its application to register and issue multi-variety debt financing instruments in the interbank market, allowing for flexible financing options over the next two years [1] Group 1: Debt Financing Tools - The company will be able to issue various types of debt financing tools including super short-term financing bonds, short-term financing bonds, medium-term notes, asset-backed notes, green debt financing tools, and targeted debt financing tools during the registration period [1] - The registration of the debt financing tools is valid for two years from the date of the acceptance notice issued by the trading association [1] - Each issuance will require the determination of key elements such as the lead underwriter, type of product, issuance scale, and duration [1]

Group 1 - In July 2025, the interbank market issued a total of 1,019 debt financing instruments amounting to 9,175 billion yuan [1] - The breakdown of the issuance includes: 3,285 billion yuan in super short-term financing bills, 427 billion yuan in short-term financing bills, 4,548 billion yuan in medium-term notes, 455 billion yuan in directed debt financing instruments, and 390 billion yuan in asset-backed notes [1][2] Group 2 - As of the end of July 2025, the cumulative issuance of panda bonds in the interbank market reached 8,032 billion yuan, with 1,008 billion yuan issued in the current year [3] - The issuance of innovative products in July included: 201 billion yuan in green debt financing tools, 156 billion yuan in rural revitalization notes, 72 billion yuan in asset-backed commercial papers, 24 billion yuan in sustainable development-linked bonds, and 1,034 billion yuan in science and technology innovation notes/bonds [3]

证券代码：688231 证券简称：隆达股份 公告编号：2025-040 江苏隆达超合金股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 本次拟注册发行定向债务融资工具的期限为不超过 5 年（含 5 年）。 本次拟注册发行定向债务融资工具的利率将根据公司信用评级、发行时的市 场状况以及监管部门有关规定确定。 全国银行间债券市场机构投资者。 本次注册发行定向债务融资工具的募集资金将结合公司用款需求，扣除发行 费用后，可用于企业生产经营活动，如科技创新领域的项目建设、研发投入、并 购重组（含参股型）、偿还有息负债、补充营运资金等用途，增强企业科技创新 能力，拓宽并购资金来源等合法合规的用途。 本次注册发行定向债务融资工具或将由本公司、全资附属公司及/或第三方 提供（反）担保、出具担保函等。公司、公司全资附属公司对本次公司债务融资 工具的发行提供的担保总额不超过人民币 10 亿元（含 10 亿元），具体担保金额 以实际发行情况为准。具体提供（反）担保、出具担保函等安排提请股东大会授 权董事会并同意董事会授权其获授权人按每次 ...

刚刚结束的政治局会议明确提出"有力有序有效推进地方融资平台出清"，为城投企业退出融资平台和市场化转型按下"加速键"。随着化债政策深入落地，各 地城投退出政府融资平台序列、转向市场化运营已经进入深水区。"提前达标""超额完成"成为常态，部分企业推"退平台"后积极抢抓政策东风拓宽融资渠道 实现新增融资，为全面市场化转型奠定坚实基础。 在政策推动下，各地城投"退平台"工作多点开花，阶段性成果密集涌现。在化债与平台改革的双重任务中，浙江乐清市成为县域实践的典型代表，实现"隐 性债务清零+融资平台清零"双突破。据乐清市财政局披露，该市债务率目前处于黄色等级档次，风险可控。近两年，该市通过统筹自身财力、新增专项债 券、再融资等方式，有序推进隐性债务置换工作，截至今年，已全面完成隐性债务清零任务；更值得关注的是，今年2月当地融资平台已实现"清零"。 "提前达标""超额完成"成为高频关键词。西安鄠邑区全区5家平台公司中3家已退出，年度压降任务已完成；剩余2家公司正在按程序退出。 部分城投退出融资平台后，实现新增融资。甘肃省公航旅集团自2024年末退出政府融资平台后，积极对接监管部门与金融机构，抢抓政策窗口，拓宽融资渠 道。2 ...

Group 1 - The company, Tianneng Power (00819), announced plans to broaden its financing channels and optimize its financing structure [1] - Tianneng Co., a subsidiary indirectly owned 86.53% by the company, intends to apply for the registration and issuance of corporate bonds totaling up to RMB 2 billion (including RMB 2 billion) on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a maximum term of five years from the issuance date [1] - Tianneng Holdings, a wholly-owned subsidiary of the company, plans to apply for the registration and issuance of targeted debt financing instruments totaling up to RMB 2 billion (including RMB 2 billion), with a maximum term of five years from the issuance date [1]

Core Viewpoint - TianNeng Power (00819) aims to expand its financing channels and optimize its financing structure through the issuance of bonds and debt financing tools totaling up to RMB 40 billion [1] Group 1: Bond Issuance - TianNeng Co. proposes to apply for the registration and issuance of corporate bonds with a total principal amount of up to RMB 20 billion, with a maturity of up to five years from the issuance date [1] - The bonds will be issued in one or more tranches to qualified professional investors [1] Group 2: Debt Financing Tools - TianNeng Holdings, a wholly-owned subsidiary of the company, plans to apply for the registration and issuance of targeted debt financing tools with a total principal amount of up to RMB 20 billion, also with a maturity of up to five years from the issuance date [1] - These targeted debt financing tools will be issued in one or more tranches to specific institutional investors in the interbank bond market [1]

Core Viewpoint - The article promotes an ETF investment competition organized by Shenwan Hongyuan Securities, aimed at encouraging learning through participation in the event. Group 1: Event Details - The competition registration period is from June 12 to August 29, 2025, with the official competition running from June 18 to September 5, 2025 [1]. - Participants can register by clicking the "Register Now" button on the event page and agreeing to the necessary risk disclosure and consent documents [2]. Group 2: Participation Requirements - To participate, investors must open a regular A-share account or an on-market fund account with Shenwan Hongyuan Securities by August 29, 2025, and have a risk tolerance level of C3 or above [3]. - There are no additional fees or asset threshold requirements for registration, and only one account per individual investor is allowed to register [3]. Group 3: Educational Support - The competition is designed to be beginner-friendly, with low investment thresholds and high transparency, making ETFs an ideal entry point for new investors [3]. - The event includes educational modules such as "Market Insights from Experts," "Competition Zone Educational Videos," and "ETF Financial Classroom" to help participants build a comprehensive knowledge framework for ETF investment [3]. Group 4: Professional Guidance - A professional advisory team will provide ongoing support throughout the competition, offering weekly insights and in-depth analysis of market trends and sector rotations to assist participants in making informed investment decisions [4].

Group 1 - The China Securities Association reported that in Q1 2025, 40 securities firms acted as lead underwriters for 107 bonds, totaling 104.29 billion yuan [1] - Seven departments, including the Ministry of Science and Technology, announced the establishment of a "Technology Board" in the bond market to support high-quality development of technology innovation bonds [3] - The People's Bank of China released social financing data, indicating that the cumulative increase in social financing for the first four months of 2025 was 16.34 trillion yuan, with corporate bond net financing at 759.1 billion yuan [5] Group 2 - The Ministry of Finance plans to reissue 71 billion yuan of 30-year special government bonds at a fixed interest rate of 1.88% [7] - The central bank conducted a 92 billion yuan reverse repurchase operation, achieving a net withdrawal of 103.5 billion yuan [8] - The Henan provincial government is actively seeking to pilot "self-examination and self-issuance" for local government special bond projects to address overdue payments [9] Group 3 - The Zhengzhou Investment Group plans to issue 500 million yuan in short-term financing bonds to repay existing debts [11] - The Jiaozuo Investment Group successfully issued 500 million yuan in corporate bonds with an interest rate of 2.93% [12] - The Luoyang Industrial Investment Group is set to issue 1.2 billion yuan in debt financing tools at an interest rate of 2.55% [14] Group 4 - The market outlook for bonds remains positive, with institutions suggesting patience and stable holdings in the upcoming quarter [20] - Factors influencing the bond market include macroeconomic data, funding conditions, and supply pressures, with expectations for continued government bond issuance [21]