I - 1754 r = 1 中国的西 STAL SAVINGS BANK OF CHINA RANCH T9005 In 0 2025年奥斯维吉利 0) 2025年震好生活要 上海 17 S BECARE 新闻中心 d 26 15 UL 2017 STATE 南方都市報 4 鬼一网OCCCCcom ler 11 25 - 7 B 廣等企业进 型、西乐健 2011 南方都市報 NEW 奥一网OCECL.com 深耕实体经济 筑牢城市发展根基 深圳市正全力推进新一代世界一流汽车城建设，在深汕特别合作区打造以新能源汽车为主导、新型储能 等为辅的 "一主三辅"现代产业体系。位于深汕合作区的储能产业园总面积19.36万平方米，比亚迪四 期项目入驻后将布局电池包PACK生产线，预计年产值达25亿元，带动600人就业。 今年是深圳经济特区成立45周年。45年来，深圳从边陲小镇蜕变为国际化创新型城市，金融力量的持续 赋能成为重要支撑。作为与深圳共同成长的金融伙伴，邮储银行深圳分行(以下简称"深圳邮储")始终扎 根特区沃土，紧扣城市发展脉搏，聚焦深圳市"20+8"产业集群规划，构建全方位科创金融服务体系，探 索服务"五篇大文 ...

Core Viewpoint - The successful issuance of the first private venture capital institution's technology innovation bond in Shenzhen marks a new financing model for supporting technology innovation enterprises, significantly enhancing their financing capabilities and providing stable funding for long-term development [1][2][6]. Group 1: Bond Issuance Details - The total registered scale of the Oriental Fuhai technology innovation bond project is 1.5 billion RMB, with the first phase raising 400 million RMB and a bond term of 10 years (5+3+2), which is the largest in its batch [2]. - The funds raised will be specifically used for venture capital fund contributions and replacements, focusing on strategic emerging industries such as artificial intelligence, digital economy, new energy, new materials, semiconductors, and biomedicine [2][3]. Group 2: Support Mechanisms - The project is backed by a full guarantee from China Bond Credit Enhancement Investment Co., Ltd. and a counter-guarantee from Shenzhen High-tech Investment and Financing Guarantee Co., Ltd., significantly reducing the bond issuance cost for private venture capital institutions [3][4]. - The innovative "central-local dual insurance" risk-sharing mechanism has been established, which lowers financing costs and alleviates the financing difficulties faced by private venture capital institutions [3][6]. Group 3: Market Impact and Future Prospects - The project has attracted enthusiastic subscriptions from investors, with a subscription rate of 6.3 times and an issuance interest rate of 1.85%, indicating strong market confidence [2][3]. - The successful launch of this bond is expected to create a positive demonstration effect, guiding more bond funds to transform into "patient capital" and support early-stage, hard technology projects, thus forming a virtuous cycle of fundraising, investment, management, and exit [2][6]. Group 4: Policy and Strategic Alignment - The project aligns with recent policy directives from the central government aimed at deepening reform and innovation in Shenzhen, which includes optimizing the financing mechanisms for technology enterprises [5][6]. - The bond issuance exemplifies the integration of policy guidance and market mechanisms, providing a replicable model for financial support of technology innovation across the country [6].

Group 1 - The core viewpoint of the news is the successful issuance of the first phase of targeted technology innovation bonds by Dongfang Fuhai, marking a significant milestone in the private equity investment sector in China [1][3] - The total registered scale of the project is 1.5 billion yuan, with the first phase raising 400 million yuan and a bond term of 10 years [1] - The issuance was led by Guosen Securities, with an interest rate of 1.85%, and the subscription reached 6.3 times the amount offered, indicating strong market interest [1][3] Group 2 - The project aligns with the recent policy directives from the central government aimed at enhancing the financing ecosystem for technology enterprises, particularly through the integration of debt and equity financing [2] - The innovative dual guarantee mechanism involving central and local enterprises significantly reduces the cost of bond issuance for private equity firms, facilitating long-term, low-cost funding for technology innovation [2][4] - The bond's design allows for flexible issuance and focuses on the technological attributes rather than traditional asset-based metrics, addressing the challenges faced by private equity firms in obtaining financing [3][5] Group 3 - The successful launch of this bond represents a new financing model for technology enterprises, combining policy guidance with market mechanisms to enhance funding capabilities [5] - The collaboration between central and local entities in risk-sharing is expected to provide a stable funding source for technology innovation, contributing to the long-term development of the sector [4][5] - This initiative is seen as a replicable model for other regions in China, promoting deeper integration between technology innovation and financial capital [5]