Core Viewpoint - Xi'an High-tech Materials Technology Co., Ltd. successfully issued the first phase of its 2025 technology innovation bonds, raising RMB 500 million with a competitive interest rate of 2.8%, marking it as the first registered and issued technology innovation bond in Northwest China and among the first in the country [1][4]. Group 1: Bond Issuance Details - The bond, named "25 Xi'an Science and Technology Construction MTN001," has a total issuance scale of RMB 500 million, a term of 5 years, and an interest rate of 2.8% [2][4]. - The bond was well-received, with a total subscription multiple of 3.18 times and a marginal multiple of 3 times, indicating strong investor interest [2][4]. Group 2: Market Context and Support - The issuance occurred during a favorable policy window, following announcements from the People's Bank of China and the China Securities Regulatory Commission aimed at supporting technology innovation bonds [6]. - Financial institutions such as Beijing Bank, Shanghai Pudong Development Bank, and Sanxia Guarantee Group actively participated in the investment, showcasing strong market support for high-tech enterprises [4][6]. Group 3: Use of Proceeds and Strategic Alignment - The funds raised will primarily support technology innovation in advanced manufacturing and new environmental protection industries, aligning with the company's development strategy and the transformation of traditional industries [7]. - The issuance reflects a strategic partnership between financial institutions and technology enterprises, emphasizing the importance of financing for innovation [7].