本项目由扎根于深圳的头部民营创投机构——深圳市东方富海投资管理股份有限公司作为发行主体，由国信证券担任牵头主承销商，深高新投作为东方富 海的反担保机构，在中国银行间债券市场成功发行"25东方富海PPN001（科创债）"。该项目的成功落地，是深圳金融业积极响应国家"科技金融"战略、 勇于先行先试的典范之作。本项目既是全国首批申报、首单成功挂网、首单亮相资本市场、首单簿记发行的民营创投科技创新债券，更是债券市场设 立"科技板"以来，首个获得央行风险分担工具直接支持（001号保函）的科技创新债券！项目自2025年5月7日债券市场"科技板"政策正式推出后立即启 动，至6月17日完成簿记发行，全程仅用时约40天，由国信证券全程负责项目的统筹规划、方案设计与执行推进，高效展现了"深圳速度"与金融创新的强 大执行力。 机制创新：首创"央地协同"风险分担 机制实现制度破局 在机制创新层面，本项目最核心的突破在于在全国范围内首创并成功落地了"央地协同"的风险分担机制。这是首次将央行创设的风险分担工具与地方国资 的增信支持进行系统性整合，并应用于民营创投机构债券发行。 开栏语 为全面贯彻落实党的二十大和二十届历次全会以及中央金融 ...

Core Insights - The company emphasizes the integration of cultural values with business development, focusing on compliance, integrity, professionalism, and stability in the securities industry [1][6] - The successful issuance of technology innovation bonds reflects the company's commitment to supporting innovative enterprises and enhancing financing efficiency in the bond market [2][3] Group 1: Cultural Values and Business Integration - The company has deeply integrated the "守正创新" (Upholding Integrity and Innovation) culture into its technology financial services, making culture a driving force for business innovation [1] - The company aims to enhance its service capabilities to support the national strategy of innovation-driven development and supply-side structural reform [1][3] Group 2: Technology Financial Bonds Issuance - The company acted as the lead underwriter for the issuance of two technology innovation bonds, with "25同创伟业PPN001" at a scale of 300 million yuan and a subscription multiple of 3.37, and "25盛景嘉成PPN001" at 200 million yuan with a subscription multiple of 2.85 [2] - Both bonds received support from the People's Bank of China's risk-sharing tools, improving their credit quality and market recognition [2] Group 3: Regional Economic Development - The company is committed to enhancing its service capabilities to support regional economic development, aligning its growth with local industrial upgrades [3][4] - The establishment of the "芜湖弘盛基金" (Wuhu Hongsheng Fund) aims to invest in strategic emerging industries, focusing on technology-driven enterprises with high growth potential [4] Group 4: Professional Development and Cultural Activities - The company prioritizes professional development as a core competitive advantage, conducting systematic cultural activities to enhance employee skills and cultural alignment [5] - The recent financial technology cultural festival engaged over 1,500 participants and included various activities aimed at fostering professional growth and innovation [5]

Core Viewpoint - Bohai Bank successfully underwrote the first phase of the 2025 technology innovation bond for Dongfang Fuhai, marking a significant step in supporting technological innovation and private economic financing [1][3] Group 1: Bond Details - The bond, named 25 Dongfang Fuhai PPN001, has a total issuance scale of RMB 400 million and a term of 5+3+2 years, backed by Zhongdai Credit Enhancement Investment Co., Ltd. [1] - This bond is the first successful online issuance and the first private equity investment institution technology innovation bond to receive direct support from the central bank's risk-sharing tool [1][2] Group 2: Fund Utilization - The funds raised from the bond will primarily be used for venture capital investments in technology innovation sectors, including artificial intelligence, digital economy, new materials, new energy, semiconductors, and biomedicine [2] - The issuance aims to foster rapid development of technology innovation enterprises and create a new framework for nurturing innovative companies in the capital market [2] Group 3: Market Reception and Impact - The bond received widespread market recognition, with over 10 investment institutions participating in the subscription, achieving a subscription rate of 6.325 times and a low interest rate of 1.85%, setting a record for the lowest cost of 10-year bonds for private enterprises in China [2] - The successful issuance of this bond exemplifies the deep integration of the bond market with technological innovation, providing equity funding support for technology companies and stimulating innovation and market vitality [2] Group 4: Future Plans - Bohai Bank plans to continue enhancing its financial services for technology innovation, expanding the scale of the bond market's "technology board," and improving direct financing channels to inject new momentum into high-quality economic development [3]

Group 1 - The core viewpoint of the article is the successful issuance of the first private equity venture capital technology innovation bond in China, marking a significant milestone in the capital market [1] - 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, which is the largest in this batch of projects [1] - The issuance was led by Guosen Securities as the chief underwriter, with an interest rate of 1.85%, and the subscription scale was 6.3 times the amount of the first phase, involving 17 investment institutions [1]