Core Insights - Zhongdai Credit Rating Co., Ltd. has made significant breakthroughs in third-party valuation and pricing in the credit bond market, as evidenced by the release of the credit bond valuation and the Sci-Tech bond thematic index at the "Financial Street Forum - 2025 Financial Street Voice" [1] - The company aims to enhance the bond market's service to the real economy and financial market development through innovative valuation methods and diversified investment tools [1][2] Group 1: Valuation Methodology - The "value-based" valuation method implemented by Zhongdai Credit Rating adheres to regulatory requirements, prioritizing market data for actively traded bonds while carefully assessing the reasonableness of price information for less active bonds [2] - The company has achieved comprehensive coverage of credit bond valuations, publishing 92 yield curves daily that cover over 37,000 individual bonds [2] - An innovative primary issuance pricing method has been introduced to address the pricing challenges faced by newly issuing enterprises [2] Group 2: Index Products - Following the launch of the "Technology Board" in May 2025, Zhongdai Credit Rating quickly introduced the Sci-Tech bond thematic index, which focuses on newly issued technology innovation bonds and provides a representative market reference [2] - The index aims to enhance the market pricing capability, resilience, and liquidity of the "Technology Board," thereby reducing financing costs for Sci-Tech enterprises and promoting healthy development in China's bond market [2] Group 3: Future Directions - Zhongdai Credit Rating plans to further advance its valuation and pricing services, exploring applications in self-regulation, investment trading, and issuance pricing to contribute to a more transparent, efficient, and robust bond market [3]