Core Viewpoint - The issuance of the "2025 Technology Innovation Bond" by Guangdong Nanhai Rural Commercial Bank, underwritten by Shenwan Hongyuan Securities, is a significant step in supporting local technology innovation and enhancing the bank's capital strength and operational efficiency [2][3]. Group 1: Bond Issuance Details - The bond has a total issuance scale of 2 billion yuan, a fixed term of 5 years, and a coupon rate of 1.93% [2]. - The bond received a AAA rating, with the issuer also rated AAA, and had a subscription multiple of 2.65 times [2]. Group 2: Impact on Local Economy - The funds raised will be used to support technology innovation businesses through loans and bonds, contributing to the development of local technology enterprises [2]. - As of June 2025, the technology loan balance of Guangdong Nanhai Rural Commercial Bank exceeded 32 billion yuan, with over 1,900 loan accounts, effectively supporting local technology companies [2]. Group 3: Strategic Importance for Shenwan Hongyuan Securities - The successful bond issuance enhances Shenwan Hongyuan Securities' market share and influence in the Greater Bay Area bond market, particularly in financial and technology innovation bonds [3]. - The company aims to strengthen its financial services to support the high-quality development of the regional real economy and new productive forces [3].